Marlboro maker Altria Group Inc. is planning to expand its MarkTen electronic cigarette brand nationally in the second quarter. The owner of the nation's biggest cigarette maker, Philip Morris USA, announced the expansion plans on Wednesday.
Toray Industries, Inc., a Tokyo-based manufacturer of fibers and textiles, plastic resins, films and carbon fiber compositematerials, has selected Spartanburg County, S.C. for its next global facility. The $1 billion investment over the next decade is expected to create 500 new jobs and represents one of the largest initial capital investments in South Carolina's history.
On the first of three days of voting at the Chattanooga plant, U.S. Sen. Bob Corker, citing unnamed Volkswagen officials, all but guaranteed that the German automaker would announce within two weeks of a union rejection that it would build a new midsized sport utility vehicle at its only U.S. factory instead of sending the work to Mexico.
Language in Washington state bill says the Department of Licensing would no longer be able to issue additional facility licenses to Tesla because of its status as a vehicle manufacturer and not as a dealer. The company sells cars directly from the manufacturer to the consumer.
A Maine-based manufacturer of aluminum trailers plans to open a plant in South Dakota's largest city. The Governor's Office of Economic Development says the Alcom LLC plant in Sioux Falls will create 20 jobs initially and up to 180 positions in the next three years.
Low U.S. electricity prices in natural-gas-fired plants, for example, are already encouraging investment in energy-intensive industries such as steel and glass. Not yet visible are the advantages that makers of intermediate products, such as plastic-resin pellets, and makers of finished goods, such as plastic toys and plastic auto parts, will reap from cheaper inputs.
The 2013 figures, released today by the U.S. Department of Commerce's International Trade Administration, represent a nearly four percent increase in South Carolina's export value, which was $25.1 billion in 2012 and previously an all-time record for the state.
A $16 million upgrade of a manufacturing facility in Shreveport means new jobs in north Louisiana. Gov. Bobby Jindal and Lubrication Technologies Inc. CEO Chris Bame announced the project Monday. They say the project will create 75 new jobs with an average annual salary of more than $41,400 per year.
With an eight-year turnaround from research to yield, Cargill's expansion in Fort Collins will reach into the next generation of oils to meet consumer needs including Omega 3 for brain and eye development, said Lorin DeBonte of Cargill Specialty Seeds & Oils.
U.S. Engine Valve, a manufacturer of high-engineered valves, has announced today its plan to expand operations at its existing facility in Westminster, S.C. The company will invest $29.5 million and add at least 125 new jobs with the initiative.
“While U.S. manufacturing continued its growth into the new year, survey data from the Institute for Supply Management (ISM) showed that the pace of factory activity slowed considerably. The overall Index fell by 5.2 percentage points from 56.5 in December to 51.3 in January, still signaling overall output advances but at a far more muted pace."
The Southeast Michigan Purchasing Managers Index (PMI) for January is 52.3, up from 50.6 in December, as both the Production and New Order indexes rebounded after a seasonal, year-end low. A PMI value above 50 generally suggests economic growth.
Aviation Technical Services, headquartered in the state of Washington, is expanding its operations and locating a facility at Kansas City International Airport, where they plan to create more than 500 new jobs over the next three to five years.
Throughout 2013, the company exported 108,705 U.S.-made Honda and Acura vehicles while importing 88,537. In addition, the company achieved record production levels of 1,309,917 units on American soil — a 7.4 percent increase over the previous record in 2012.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses — along with their jobs — head to Mexico.
Taking a closer look at the data, shipments of injection molding machinery were up 20 percent in the third quarter when compared with the same quarter of a year ago. Shipments of single-screw extruders advanced 9 percent, and shipments of twins-screw escalated 12 percent. Shipments of new thermoforming equipment spiked up 50 percent in Q3 when compared with last year
Yesterday, Doug Oberhelman, chairman and CEO of Caterpillar Inc., and Jay Timmons is president and CEO of the National Association of Manufacturers, penned an open letter to President Barack Obama calling for more leadership on creating an environment in which manufacturers can grow once more to create jobs and generate a stronger economy.
On January 14, Sen. Pat Roberts (R-KS) introduced Senate bill 1920, the Innovators Job Creation Act, which intends to ament the Internal Revenue Code of 1986 to extend and modify the R&D tax credit, with the aim of eking out more innovation.
In a typical end-of-year spike, their new business volume was up 62 percent from the previous month’s volume of $6.6 billion. Cumulative new business volume for 2013 rose 3 percent over 2012.
Yokogawa Corporation of America, a manufacturer of equipment measurement, control and automation, has announced the opening on its new facility in Newnan, Ga., which was built in response to increased demand for its products and service offerings.
In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty says the company will invest $25 million in manufacturing equipment and building and infrastructure improvements in Morristown.
Bicycle manufacturer Kent International is building a new plant in South Carolina's Clarendon County. The company said it will invest nearly $4.5 million in a facility that is expected to create 175 jobs.
Overall, confidence in the equipment finance market is 64.9, the highest confidence level in two years, and an increase from the December index of 55.8. An improved general outlook for economic activity among industry leadership contributed to the increase.
Gulfstream executives said the company will build a $25 million maintenance, repair and overhaul facility with 110,000 square feet of space. Headquartered in Savannah, Gulfstream already employs about 200 workers in Brunswick at its service center and a completions facility that installs furniture, entertainment systems and other finishing touches to its aircraft.
Sandvik, Inc., manufacturer of carbide inserts for the metal cutting industry and subsidiary of the Swedish company Sandvik, AB, is expanding its operations in Oconee County. The $12 million investment is expected to increase the company's production at its Westminster facility.