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The Panama Canal Is Opening Up To A Busy Future

September 22, 2014 9:16 am | by GE Report | News | Comments

The Panama Canal is a full century old, but that doesn’t mean it still can’t grow. The 48-mile-long landmark that cuts across “the backbone of the Western Hemisphere” is going through the final year of a massive expansion. When work is completed in 2015, new locks will...

San Francisco Orders 175 Light Rail Cars From Siemens

September 19, 2014 4:39 pm | by The Associated Press | News | Comments

San Francisco’s Municipal Transportation Agency has awarded Siemens a contract to deliver an...

Thor Industries Plans Expansions For 2 Indiana Factories

September 19, 2014 2:12 pm | by The Associated Press | News | Comments

Thor Industries is planning expansion projects at two recreational vehicle factories in northern...

Auto Part Suppliers Unsure Of Medium & Heavy Commerical Vehicles Segment

September 19, 2014 1:48 pm | by Ashutosh Shyam, The Economic Times | News | Comments

The medium & heavy commercial vehicles (MHCV) segment has seen...

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Bibby Financial Provides $1.25M Facility For Apparel Manufacturer

September 19, 2014 12:37 pm | by The Associated Press | News | Comments

Bibby Financial Services announced today that it has funded a $1.25M non-recourse factoring facility for a California-based apparel manufacturer. This new business saw increased demand for private-label denim, but as a start-up had struggled to...

Chesapeake Utilities To Build Heat, Power Plant In Florida

September 19, 2014 10:02 am | by The Associated Press | News | Comments

Chesapeake Utilities Corporation announced today that its subsidiary, Eight Flags Energy, LLC, is pursuing the development and construction of a combined heat and power plant in Fernandina Beach on Amelia Island in Nassau County, Florida. The plant will be...

Aircraft Interior Manufacturer Announces Arkansas Facility

September 17, 2014 2:44 pm | by The Associated Press | News | Comments

A French aircraft cabin interior manufacturer said Wednesday that it is spending $2.5 million to open a new facility in Arkansas that will initially employ 75 people. Beaudet Aviation said its new facility is adjacent to the Bill and Hillary Clinton National Airport and that it will supply...

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Boat Manufacturing Company Expands, Adds Jobs In GA

September 16, 2014 4:35 pm | by The Associated Press | News | Comments

A boat manufacturing company is planning to expand its facility in south Georgia and is looking to create 50 new jobs in the process. Gov. Nathan Deal's office announced Tuesday that Chaparral Boats is expanding its facility in Berrien County. Officials say the company employs...

Central Glass Announces Plans To Expand Carlex Operations

September 16, 2014 2:22 pm | News | Comments

Central Glass Co., Ltd., a parent company of Carlex Glass Company, announced that it has resolved to conclude a share transfer agreement to acquire all of the outstanding shares of two subsidiaries of Guardian Industries Corp.: Guardian Automotive Products, Inc. (GAPI), headquartered in Sterling Heights, Michigan, and...

TorqTek Design And Manufacturing Plans $12M Expansion

September 15, 2014 5:23 pm | by State News Service | News | Comments

TorqTek Design and Manufacturing, LLC, a supplier of timing gears to automotive manufacturers, is expanding its North Charleston facility. The $12 million investment is expected to create 50 new jobs.Founded in 1995 as...   

KONE To Add Light Manufacturing To AllenPlace

September 15, 2014 1:49 pm | by The Associated Press | News | Comments

KONE, a global leader in the elevator and escalator industry, will build and occupy a light manufacturing facility in AllenPlace and will add 80 new positions to the facility, the company and Allen Economic Development Corporation announced today. KONE will expand...

GE Aviation Plans New Plant

September 15, 2014 1:39 pm | by Chelsey Levingston | News | Comments

New plans for another GE Aviation manufacturing facility in the United States have emerged this week, as it was revealed that the Ohio-based jet engine maker will open a second plant for the production of ceramic composite materials. GE Aviation announced in 2013 plans...

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Airbus Officials Meet With Ohio Businesses

September 15, 2014 11:47 am | News | Comments

Officials of the aircraft manufacturer Airbus planned to meet Monday with representatives of nearly 100 Ohio companies to talk about doing more business with them.Airbus officials arranged the meeting with companies at a procurement conference in suburban Dayton to promote...

Maple Leaf Initiates U.S. Medical Marijuana Operation

September 12, 2014 5:28 pm | by The Associated Press | News | Comments

Maple Leaf Green World announced that they have engaged Mr. Brian Patterson, Marc Montoya, and Dillon Patterson to develop a medical Marijuana growing operation plan in California, U.S.A., as part of the Company's business strategy. The medical marijuana business in California is estimated...

Halla Visteon Begins Plant Prodution In Mexico

September 12, 2014 4:08 pm | by The Associated Press | News | Comments

Halla Visteon Climate Control Corp. plans to start production this month at a new plant in central Mexico to support its growing business with global vehicle manufacturers in the region. The new manufacturing facility in the State of Queretaro will manufacture automotive...

Emerging Regions Prove Increasingly Profitable For Industrial Valve, Actuators Market

September 12, 2014 1:44 pm | by Frost & Sullivan | News | Comments

The increase in oil exploration activities, investments in new refineries, and modernization of existing facilities will spur the uptake of valves and actuators, particularly in emerging markets such as Africa and Latin America. Demand from the offshore oil and gas industry in Latin America, in particular, is expected...

Atlantic Signs Agreement, Purchases 3 International Paper Coverting Facilities

September 12, 2014 12:23 pm | by The Associated Press | News | Comments

Atlantic Corporation of Wilmington, North Carolina, announced today a definitive agreement to purchase International Paper's three largest paperboard converting facilities in Greensboro, N.C., Hazleton, P.A., and Sturgis, M.I. Atlantic has 12 branch locations across the...

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Treasury To Limit Profitability Of Overseas Shifts

September 12, 2014 9:55 am | by Stephen Ohlemacher, The Associated Press | News | Comments

Treasury Secretary Jacob Lew said Monday the Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries. A growing number of U.S. companies are shifting their addresses abroad in an effort to...

Vystar Board Approves Natural Rubber Latex Business Spinoff

September 12, 2014 9:40 am | by The Associated Press | News | Comments

Vystar® Corporation's Board of Directors has authorized management to pursue the spinoff of its Vytex® natural rubber latex business into a separate publicly-traded entity initially concentrating on the foam markets (mattresses, pillows, and mattress toppers), while the parent will continue to focus on...

GreenTech Automotive Claims MS Factory Construction Complete

September 11, 2014 8:42 pm | by Jeff Amy - Associated Press | News | Comments

GreenTech Automotive has announced it has completed a factory in Mississippi's Tunica County for the manufacture of small electric vehicles. But it's unclear how many employees the company has in Mississippi or if it has sold any vehicles from its temporary factory in nearby Horn Lake. A unit of...

Futuris Opens Manufacturing Facility In North America

September 11, 2014 3:00 pm | by The Associated Press | News | Comments

Futuris Automotive, a leading global automotive components supplier, today announced the expansion of its North American business with the opening of a new manufacturing facility and design center in Newark, CA, one of several such facilities planned as part of...

Comcast And Liberty Global Announce Agreement To Connect U.S. And European Wi-Fi

September 11, 2014 12:13 pm | by The Associated Press | News | Comments

Comcast Cable and Liberty Global plc today have announced an agreement to allow users to access each other’s Wi-Fi networks, creating an international Wi-Fi access agreement that will give many Xfinity Internet and Liberty Global internet customers access to millions of new Wi-Fi access points in...

Faurecia Announces New Seating Plant In KY

September 11, 2014 10:46 am | by The Associated Press | News | Comments

Faurecia, North America's sixth-largest automotive supplier, today announced it will start construction this year on a plant in Simpsonville, Kentucky. The facility will employ 410 people in the area. Production is scheduled to begin in...  

BlackArrow Announces European Expansion

September 10, 2014 5:01 pm | by The Associated Press | News | Comments

BlackArrow, a worldwide provider of TV advertising and data solutions, today announced that the company has expanded into Europe to accelerate its international growth opportunities. With its newly opened...      

Google Invests In California Solar Power Plant

September 10, 2014 12:28 pm | by The Associated Press | News | Comments

Google is helping to convert a one-time oil field into a solar power plant. The Internet search company is providing $145 million in financing so that SunEdison can build the plant north of Los Angeles in...   

Nevada Lawmakers Considering $1.3B Tesla Package

September 10, 2014 12:01 pm | by Scott Sonner, Associated Press | News | Comments

Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors as part of "an extraordinary opportunity" to seal the deal for its... 

GE Transportation Hiring 50 Machinists In PA

September 9, 2014 4:31 pm | by The Associated Press | News | Comments

GE Transportation is seeking 50 skilled machinists to support an increase in production volume at its diesel engine plant in Grove City, Pennsylvania.In March 2014, GE Transportation announced a deal worth $700 million to supply 233 Evolution Series locomotives to...

Ohio Manufacturing Firm Makes $29M Expansion

September 9, 2014 4:17 pm | by Matt Sanctis | News | Comments

St. Paris, Ohio manufacturing firm KTH Parts Industries is making progress on a $29 million expansion and hiring that's connected to increased production at Honda.The investment is expected to put the company in a better position to... 

NFR BioEnergy Brings 450 Jobs To LA

September 9, 2014 11:16 am | by The Associated Press | News | Comments

NFR BioEnergy is planning a $312 million capital investment to install biorefineries at more than 10 sugar refining hubs in South Louisiana — subject to completing lease and biomass agreements with sugar mills — resulting in 450 new jobs. Gov. Bobby Jindal and Frank Randazzo, the company's chief operating officer, said...

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