And just another comment: if Montana can make a domestic made bit set for $24 which is comparable in price to Chinese/Taiwanese made bits, why can’t Stanley B&B make them here as well for dewalt and craftsman?
Im sure it has something to do with margins and the inferior steel quality requires more frequent purchases and maybe that’s why. Im sure they make a killing on them. STILL, I think it can be done here with the same margins.
If I’m not mistaken, Montana Brand drill and driver bits are, or where, a brand used by the Jore Corporation of Ronan Montana.
Jore specifically set themselves up manufacturing drill and driver bits, and specialized in those quick-change bit sets that you would see at Home Depot and Lowes under various brands, that had built in countersinks, or flip bits where you drilled a hole, them flipped the bit to drive a screw etc.
Jore would license major the names of major tool brands then sell the US made tools thru the home centers under whatever tool brand.
Makita was one, Black & Decker and related brands might have been others, maybe also Kobalt and Hitachi, etc.
The problem was that Jore wound up in major financial problems at one point and had to lay off a bunch of employees.
I’m not sure if they went bankrupt, or what the current status of the company is.
Jore still seems to be in business, and some of the brands are around, but the financials didn’t work perfectly.
As for Stanley and other major manufacturers, if they get reasonable quality bits dirt cheap, they can offer better margins to distributors, pay for more shelf space, sit on stock for longer if necessary, offer free bit sets with tools,etc.
The lower cost just help eliminate risk, and if the bits are not as good, they can clearance the bits with a clearance wholesaler and move on to a different manufacturer.