SCX meaning in Business ?

Answer:

What is L. S. Starrett Company mean?

The L. S. Starrett Company (NYSE: SCX) is an American manufacturer of tools and instruments used by machinists, tool and die makers, and the construction industry. The company was founded by businessman and inventor Laroy Sunderland Starrett in 1880. The company patented such items as the sliding combination square, bench vises, and a shoe hook fastener. It makes precision steel rules and tapes, calipers, micrometers, and dial indicators, among others.

Starrett employs about 2,000 people worldwide, and the company claimed (as of 2008) to be the last remaining full-line precision tool company to be manufacturing their products within the United States. If so, much of the firm's manufacturing nevertheless takes place at facilities in the People's Republic of China, Brazil, Germany, and the UK, with 28% of Starrett's worldwide sales being in Brazil in 2013.

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