Economic activity in the manufacturing sector expanded in April for the 11th consecutive month, and the overall economy grew for the 59th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Land O' Lakes also announced a multi-million dollar expansion to its Kiel facility. Among the improvements in the next few years will be new milk silos and new cheese vats.
The company has not said when they would be willing to announce the two top-runners. Musk also did not explain what would happen to the “losing” site after the company has already broke ground and decided to finish the plant elsewhere.
Honeywell International plans to add a new production line at its plant in Chesterfield County to meet demand for high-grade nylon polymers.
Plant manager Todd Cantrell said Wednesday the expansion will make the site the largest 3M plant in Missouri and one of the largest in the country. The project will create 22 new jobs.
Gov. Alejandro Garcia Padilla says the Arizona-based aerospace industry company is opening a second plant that will begin operations in April 2016. He said Wednesday that 310 jobs will be created.
Headquartered in Fort Wayne, Ind., PHD is investing $4.18 million to equip its 76,000 square-foot production facility in Huntington. Multi-axis CNC equipment will be installed in the coming weeks with plans to begin insourcing production of CNC-machined parts.
Tesla delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.
The reality is that today’s big corporations are really only focused on three things — cost reduction, profitability, and increasing returns to their investors. They are not moral, patriotic, loyal, or immoral, and we cannot and should not depend on them to devote anything more then lip service to the plight of the middle class or the decline of American manufacturing.
The Federal Reserve reported that total industrial production (consisting of manufacturing, mining, and utilities) grew 0.7 percent during March. Manufacturing, which accounts for the lion’s share of total industrial production, grew a healthy 0.5 percent.
This total, as reported by companies participating in the USMTO program, was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013. With a year-to-date total of $733.82 million, 2014 is down 0.6% compared with 2013.
South Carolina-based gun manufacturer Palmetto State Armory (PSA) has announced plans to expand its facility in Lexington, S.C., with a $4.2 million investment.
Expansion talks at Volkswagen's lone U.S. plant have ground to a halt amid disagreements about the role of organized labor at the factory in Tennessee.
In the latest loss for the American textiles industry, Fruit of the Loom has announced its plans to close its plant in Jamestown, KY. Work at the facility will be moved to Honduras in an effort to cut costs.
Manufacturing activity in the Southeast increased for March, registering its highest reading since 2012, according to the Southeast’s Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The Southeast PMI increased 5.5 points to 61.5, while the National PMI increased 0.5 points to 53.7.
Suminoe Textile of America Corporation, a supplier of textile products for the North American automotive market, is expanding its needle punch carpet facility in Cherokee County that makes automotive carpeting. The $5 million investment is expected to create 100 new jobs.
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The index of 53.7 in March is slightly better than 53.2 in February, and both are above the 50 percent level that separates growth from decline. Over the last 20 years, the ISM index has equaled or been higher than 53.7 only 39 percent of the time.
BMW is celebrating its 20th anniversary of building cars in the United States by investing $1 billion in its plant in South Carolina to build two of its new X-series vehicles.
Documents from Space Florida, the state's aerospace economic development arm, show that the company that would receive the money is promising to spend up to $500 million on real estate, equipment and furnishing between now and 2020.
The company is expected to break ground on the 500,000-square-foot organic food-manufacturing plant early next year and open by the end of 2016.
The Indianapolis Business Journal reports the jobs will pay an average of $36 per hour, or about $75,000 per year. The state is providing incentives $3.3 million in tax credits.
Through 2020, the report projects that energy intensive manufacturing employment will expand by more than 1 percent annually nationwide, with 72 percent of those jobs coming in metro areas.
GAF will build a 320,000 square foot facility in Moberly to house both manufacturing operations and warehousing. The new, state-of-the-art plant will have the highest production capacity in the industry and will be equipped with the most modern technology.
Located in Oceana South Industrial Park, KOSTER purchased their original 14,000-square-foot facility in 2004. Today’s groundbreaking will begin KOSTER’s next expansion phase with the construction of a 14,000-square-foot production facility.