Expansion News
Advanced Technical Finishing Invests $10 Million In Huntsville Facility
May 21, 2013 3:29 pm | by Joel Hans, Managing Editor, Manufacturing.net | News | CommentsAdvanced Technical Finishing, the Huntsville, Ala.-based surface treatment resource for components in a variety of industries — aerospace, defense, medical and transportation — is adding 16,000 square feet to the current facility with a $10 million investment.
Hershey Tapping Into 'Milk Candy' Market In China
May 21, 2013 12:19 pm | News | CommentsThe new product marks Hershey's latest push to expand its presence in China, where the potential for sales growth is far greater than in developed countries such as the U.S. But the company has plenty of catching up to do with just 2.2 percent of the country's chocolate market, according to Euromonitor International.
GM Investing $44.5 Million In Mich. Plant, Hiring 200
May 21, 2013 10:55 am | by Joel Hans, Managing Editor, Manufacturing.net | News | CommentsLansing, Mich.-based General Motors today announced a $44.5 million investment for its Lansing Grand River Assembly plant, which currently manufactures the Cadillac ATS and CTS. With the investment, the company will build a 400,000 square-foot Logistics Optimization Center and hire 200 additional employees.
2 Companies To Expand Operations In Puerto Rico
May 16, 2013 7:57 am | News | CommentsOne of the largest eye care companies in the U.S. is expanding its operations in Puerto Rico. Gov. Alejandro Garcia Padilla says CooperVision will invest $250 million to build 15 new production lines, a project that will create some 350 new jobs. The company currently employs 1,600 workers at a plant in the southern town of Juana Diaz.
Kobe Aluminum To Expand In Bowling Green, Ky., Create 100 Jobs
May 15, 2013 3:47 pm | by Bowling Green Area Chamber of Commerce | News | CommentsKentucky Governor Steve Beshear today joined company and local officials to break ground on an 87,000 square foot addition to Kobe Aluminum Automotive Products (KAAP), LLC advanced manufacturing facility in Bowling Green, representing $66 million of new capital investment and the addition of 100 new full-time employees.
Bobcat Breaks Ground On $20 Million ND Facility
May 13, 2013 2:37 pm | News | CommentsBobcat Co. is investing $20 million in an expansion and renovations in Bismarck, about 3 ½ years after closing its manufacturing plant and laying off nearly 500 workers.The compact construction equipment maker broke ground Monday on a research-and-development facility at its existing site at the Northern Plains Commerce Centre.
AnythingIT Announces Continued Growth With New Tampa Facility
May 10, 2013 10:49 am | News | CommentsThe Fair Lawn, N.J.-based information electronics recycler and e-waste handler AnythingIT, Inc., has announced that its new 30,050 square-foot facility in Tampa, Florida is now on-line and fully operational. The facility was first opened at the end of March 2013 to process electronic waste and perform asset recovery for a growing number of customers.
Subaru Invests $400M In Indiana Plant
May 8, 2013 7:41 am | by Yuri Kageyama, AP Business Writer | News | CommentsSubaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp.
Coke Plans Major Expansion Of Fla. Orange Groves
May 7, 2013 2:13 pm | by Tamara Lush, Associated Press | News | CommentsThe Coca-Cola Co. says it will invest $2 billion to support the planting of 25,000 acres of new orange groves in Florida. The announcement will be made at a news conference late Tuesday morning at Coca-Cola's production plant in Auburndale. Details were released in advance to The Associated Press.
Alcoa Expanding Tenn. Plant
May 2, 2013 2:08 pm | News | CommentsALCOA says resurgent auto manufacturing is creating demand for its aluminum products and it will expand its plant in Tennessee. The Daily Times first reported the company will create 200 new jobs with a $275 million expansion of its rolling mill in Alcoa, Tenn. Some 400 construction jobs will be created in building it.
Report: Government Policies Seen As Key To Manufacturing Competitiveness
May 2, 2013 12:32 pm | by Deloitte Touche Tohmatsu Limited | News | CommentsThe three-volume report, “Manufacturing for Growth,” finds that executives around the world crave government policies that simplify taxes and protect free and fair trade — along with stronger energy and infrastructure policies and more focused education and workforce frameworks. They also want science, technology and innovation policies that promote advanced manufacturing.
Steel Firm To Add Jobs To Supply Caterpillar Plant
May 2, 2013 9:38 am | by The Associated Press | News | CommentsThe Times of Gainesville reports that Impulse Manufacturing will produce parts for several small excavators that will be produced at the new Caterpillar plant. The parts will be shipped by truck each day to the Caterpillar plant, where they will be assembled.
Alabama's Honda Plant Celebrates Start Of MDX
May 2, 2013 7:55 am | News | CommentsGov. Robert Bentley is joining Honda officials in Lincoln to celebrate the start of production for the 2014 Acura MDX sports utility vehicle. A spokesman for the governor said the ceremony Thursday morning comes after Honda invested $400 million and hired more than 400 people to support the production of the MDX.
Chinese Automotive Supplier To Build $45M Facility In Kansas City
April 29, 2013 4:08 pm | by The Kansas City Area Development Council | News | CommentsThe Michigan-based subsidiary of Yanfeng Visteon of China, a General Motors supplier, plans to build the $45 million manufacturing and sequencing facility and expects to create 263 new jobs.
Hostess To Reopen, Expand Bakery In Kansas
April 26, 2013 7:53 am | News | CommentsHostess Brands LLC says it will reopen its eastern Kansas bakery this summer, with the hiring of an initial 250 people already underway. The announcement was made Thursday by the investment partnership that bought Hostess Brands' snack cake product lines.
Corning Plans $250M NY Plant Expansion
April 26, 2013 7:41 am | News | CommentsCorning Inc. says it plans a $250 million expansion of its diesel plant in an upstate New York town, adding 250 jobs to the 500 already at the facility. The company says the plant in the Steuben County town of Erwin makes emission control products used in heavy-duty diesel engine trucks and agricultural equipment.
Creating Better Jobs For Manufacturing’s Comeback
April 25, 2013 10:16 am | by Ray Attiyah, Founder and Chief Innovation Officer, Definity Partners | Articles | CommentsA favorite saying of mine is that we hire people not just for their hands, but also for their hearts and minds. When we hire frontline employees, it should not be just for the work they do on the line, but for the creative thoughts in their hearts and minds. What if we paid frontline manufacturing employees just $2 per hour for their labor but $14 per hour to use their minds?
SME: Canadian Manufacturers Optimistic About 2013 Business Growth
April 24, 2013 2:37 pm | by Society of Manufacturing Engineers (SME) | News | CommentsTwo-thirds of manufacturers surveyed by SME are optimistic about business growth over the next 12 to 18 months, with most anticipating a moderate to significant rise. At the same time, they are expecting to face some pressing challenges as they move forward, including a shortage of skilled workers and rising production costs.
Monsanto Plans $400M Expansion
April 23, 2013 2:10 pm | News | CommentsA $400 million expansion planned for the Monsanto Co.'s research center in suburban St. Louis could bring 675 new jobs to the region during the next three years, the company said Tuesday.The agricultural products company said it will add 36 new greenhouses, offices, laboratory space and "plant growth chambers."
ELFA: New Business Volume Flat YOY in March
April 23, 2013 9:10 am | News | CommentsThe Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for March was $6.8 billion, flat compared to volume in March 2012. Month-over-month, new business volume was up 45 percent from February. Year to date, cumulative new business volume was up three percent compared to 2012.
Survey: Small And Midsized Manufacturers Continue Growth Expectations
April 22, 2013 12:05 pm | by Prime Advantage | News | CommentsOnly five percent of companies feel the U.S. economy will contract this year and more than half of respondents (56 percent) feel the economy will expand. Nearly all CFOs (96 percent) believe U.S. manufacturing will expand or stay the same in 2013.
Equipment Lease Finance Industry Confidence Eases In April
April 19, 2013 9:25 am | News | CommentsOverall, confidence in the equipment finance market is 54.0, an easing from the March index of 58.0, reflecting industry participants’ continuing concerns over the economy and the impact of federal policies on capital expenditures. 6.3 percent of executives responding said they believe business conditions will improve over the next four months, down from 21.9 percent in March.
S.C. House Approves $120M For Boeing Expansion
April 17, 2013 1:49 pm | News | CommentsLegislation giving the Boeing Co. $120 million in incentives for their expansion plans in South Carolina is one vote away from reaching the governor's desk. The House voted 115-2 Wednesday to approve the bill. Another vote would send it to Gov. Nikki Haley, who is sure to sign it. The Senate approved the measure last week.
Is The United States Ready To Take Manufacturing Back?
April 17, 2013 1:08 pm | by Patrick Van den Bossche, Pramod Gupta, Hector Gutierrez, Chui Lee — A.T. Kearney | Articles | CommentsA number of macroeconomic factors seem to have tipped the balance in favor of domestic manufacturing. The return of a few companies’ manufacturing is encouraging. But the big question is: To what extent is the United States capable of taking back manufacturing on a significant scale? The challenges are great.
PwC Barometer: Prevailing Optimism In U.S. Economic Outlook
April 16, 2013 10:49 am | by PwC US, Industrial Products Practice | News | CommentsAccording to PwC’s Q1 2013 Manufacturing Barometer, 55 percent of respondents expressed optimism about the 12-month outlook for the U.S. economy during the first quarter of 2013, up seven points from the fourth quarter, and only five percent were pessimistic.
