3D Systems (NYSE:DDD) announced today its plan to invest $10 million into its Rock Hill, S.C., manufacturing operations, which will create 145 new jobs. Local officials applauded the announcement, saying the company has a history of creating high quality and high-paying jobs that utilize many of the latest in manufacturing technologies.
Most food and beverage manufacturers are familiar with equipment leasing and financing but may not know the kinds of specific information they need to make the best financing decisions for their investments in equipment or software. Understanding the ways in which leasing fits your company’s particular needs can help to build a solid business case for financing as well as determine which financing option to choose.
With regard to capital spending, 48 percent of industrial products manufacturers surveyed plan major new investments of capital during the next 12 months, up eight points from the prior quarter’s 40 percent, and on par with a year ago (49 percent). The mean investment as a percentage of total sales was 6.5 percent, higher than the prior quarter’s four percent, and representing the highest level in the past nine quarters.
ATI Industrial Automation today has announced that it will break ground on a new manufacturing expansion on Friday, October 18. The company says demand for its end-effector products has led to the expansion, which will more than double its robotics tool manufacturing operations to 129,000 square feet. This investment will add more than 200 job in the future.
Trident Case today announced plans to move 50 to 75 percent of its manufacturing operations from China to southern California in 2014. To that end, the company had previously acquired a 42,000-square-foot manufacturing facility in Rancho Cucamonga to facilitate the expansion.
Ithaca Gun Company has today announced that it will expand its manufacturing operations in the Myrtle Beach area. The company plans to invest $6.7 million, creating 120 new jobs for machine operators, gunsmiths, engineers and assemblers.
When South Carolina gave Daimler Trucks $2 million to buy land in York County five years ago, the hope was the vehicle-maker would move its company's headquarters to the region. But now Daimler Trucks is trying to sell the undeveloped land on Lake Wylie after deciding to expand its current headquarters in Portland, Ore.
Chrysler Group says it's investing more than $1.2 billion in two Mexican plants to build commercial vans and engines. Chrysler CEO Sergio Marchionne confirmed the amount Thursday at the dedication of Chrysler's new Van Assembly Plant in Saltillo.
North Carolina officials said Tuesday that a subsidiary of Montreal-based Gildan Activewear Inc. will expand its existing manufacturing plants in Salisbury and the Bladen County town of Clarkton, and open a new factory in the Davie County town of Mocksville.
Palmetto Synthetics, a producer of staple fiber, consisting of polyester, nylon and other specialty polymers, today announced that it will expand its existing operations in Williamsburg County. The $1.1 million investment is expected to generate 20 new jobs.
Heartland Automotive's factory in Lafayette makes dashboards and other interior parts for Subaru's nearby vehicle assembly plant. The Heartland expansion is a ripple effect of Subaru's announcement in May of a major expansion that's expected to add 900 workers.
Headquartered in Columbus, Ohio, Laserflex will expand its South Carolina operations by moving to a new, 63,000-square-foot building in Wellford, which will increase the company’s manufacturing space by 23,000 square feet. The expansion will allow Laserflex to add a range of new operations, including machining, paint and laser tube cutting.
Unilever officials and Tennessee Gov. Bill Haslam announced the expansion at the factory in Covington, located about 35 miles northeast of Memphis. It will add 428 full-time jobs over a four-year period, giving the company a workforce of about 1,000 in the city of about 9,000 people.
A Polish candle-maker is opening its first U.S. production plant in Virginia's Pulaski County, bringing 170 jobs with it. Gov. Bob McDonnell announced Friday Korona S.A.'s $18.3 million investment in southwest Virginia. He said the new addition to the Pulaski County economy will be housed in an existing building and at a site that allows for future growth.
Martin Engineering has announced its acquisition of Arizona-based TNJ Industries, which specializes in dust management for the crushing and conveying of mine materials. The purchasing company says the acquisition will strengthen its line of dust control products, giving customers more options when making an investment. Terms of the transaction were not disclosed.
Following a strong pace of production in the first quarter of 2013, manufacturing production eased in the second quarter but should accelerate growth, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook, a report that analyzes 27 major industries.
Ford says it will sink 700 million Canadian dollars ($680 million) into an assembly plant near Toronto to add models and meet increased demand for vehicles around the world. The investment will preserve the Oakville, Ontario, plant's 2,800 jobs and expand its manufacturing capability, the company said Thursday.
The company behind some of the most used and highly-regarded 3D design software has opened up a new 27,000 square-foot facility on San Francisco’s Pier 9. The Autodesk Workshop aims to help more people imagine, design and create new software, tools and advanced workflows across industries.
The unit of Daimler AG said its new building will house 400 new white-collar workers and hundreds of existing employees who now work in rented offices across the Willamette River. The expansion will happen on the company's existing campus on Swan Island.
Daimler Vans Manufacturing will expand its existing van assembly plant in Charleston County, located at 8501 Palmetto Commerce Parkway. Daimler distributes its vans from the facility to markets throughout North America. The company will make improvements to the building and changes to its current assembly line. The company expects to complete expansion by 2018.
A food company in northeastern Kentucky is expanding and planning to add 200 jobs. Custom Food Products says it is investing $44 million in the expansion project at its Owingsville plant in Bath County. The company, which is a subsidiary of Idaho-based CTI Foods, processes meats, soups, sauces and tacos for food manufacturers and foodservice chains.
As computer and electronic integration continues to grow and permeate every level of daily life, Oregon reigns supreme in its enterprise. Each new year ushers in another level of computing power and technical innovation, fueling continual research and innovation in a highly competitive market.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
The Toyota Technical Center plans to invest more than $28 million to expand its powertrain operations at two facilities in the Ann Arbor area. The division is part of automaker Toyota Motor Corp.'s North American operations.
Manufacturing production is expected to fare somewhat better than the overall economy, with anticipated 2.2 percent growth in 2013 and 3.2 percent growth in 2014. The 2013 forecast is a decrease from 3.1 percent and the 2014 estimate is down from 3.6 percent predicted in the May forecast.