UGN has six manufacturing facilities across the United States producing superior acoustic, interior trim, and thermal management products for North American and Japanese automotive manufacturers, and no U.S. jobs will be lost because of the recent expansion.
General Motors has begun building a new paint shop at its Fairfax assembly plant in Kansas City, Kan. The automaker says in a release that construction began Tuesday on the 450,000-square-foot paint shop, which is part of a $600 million investment in the plant. Construction is expected to take about two years.
“I want more New Hampshire businesses to have the kind of success that Hypertherm has had in entering new markets in order to make New Hampshire a leader in selling our services and goods around the world,” New Hampshire Governor Maggie Hassan said.
Black & Denim, based out of Tampa, Florida, is working its way into what has long been deemed a dead American industry — apparel — through a uniquely 21st Century business plan.
Most small and midsized manufacturers expect to beat strong revenues of 2012, with 68 percent of respondents anticipating an increase in sales in 2013. New product launches are the main reason for expected revenue increases, cited by 61 percent, followed by an expected increase in overall customer demand, cited by 57 percent.
According to Drew Greenblatt, President of Marlin Steel, IP theft — both in terms of software piracy and blatant theft of his engineers’ hard work — is directly hurting his business. And he, along with NAJI, wants the American public to be outraged, and to force their government to fight for equality around the globe.
Perhaps the largest new investment in Thailand for 2013 is a new Honda assembly plant worth 17.15 billion Baht ($570 million). The company says the new plant is necessary to keep up with demand for small cars in both the domestic and international markets, and is expected to begin production in April 2015.
The PMI indicated expansion in manufacturing for the third consecutive month. This month’s reading reflects the highest PMI since June 2011, when the index registered 55.8 percent. The New Orders Index registered 57.8 percent, an increase of 4.5 percent over January’s reading of 53.3 percent, indicating growth in new orders for the second consecutive month.
“Hypertherm is a great example of the innovation and ingenuity present all around the Granite State,” said Governor Hassan. “We can make great things here and ship them around the world. We can give people the skills they need to secure a stable well-paying job. We can care for the community and environment and still remain competitive and profitable. We can build a stronger, more innovative New Hampshire where businesses can grow.”
This survey of 200 professionals in the manufacturing industry including general managers, directors, owners and partners from metals, food, and plastics manufacturers, confirms recent data stating that 2012 was a record year for manufacturing revenues, and reinforces the view that expectations for 2013 are positive.
National Instruments Corp. plans to spend $80 million to expand its Texas research and development complex and create about 1,000 technical and engineering jobs. Austin-based National Instruments will received $4.4 million through the Texas Enterprise Fund.
Yamaha Motor Co. will build a motorcycle plant in Pakistan with the aim of starting production in 2015, in an attempt to expand its business in an untapped emerging market, company President Hiroyuki Yanagi said Friday in an interview with Kyodo News.
Demand for the company's 2-Liter turbocharged engine is growing so fast in North America that Ford announced plans Thursday to start building the engine late next year at a factory in Brook Park, Ohio, near Cleveland. Currently it's importing the motors from a factory in Valencia, Spain.
Executives of Rich Products Corporation say the expansion will increase the southeast Georgia plant's manufacturing capacity by 30 percent. The company says it also expects to add 55 new jobs — increasing its total employment from 70 positions to 125.
Simon Grant, Automation GT’s CEO and President, says the re-shoring issue has become more prevalent in during early and mid-2012. Even though most of the industry has been aware of the trend, Grant says only recently has there been a “re-awakening” of the capital budgets among his company’s Fortune 100 customers.
Technology company Oracle Corp. says it will use $1.4 million in loans from the state of Oregon to expand its Hillsboro facility. An Oracle vice president, Luke Kowalski, says the company will move production of data-center servers and storage systems from Mexico to Hillsboro.
Companies that are starting up, moving or expanding may be able to tap into state and local economic development incentives to save significant money and improve profitability. With 12.1 million people unemployed nationally, states, in particular, are bidding against one another to attract and retain business.
Kraft Foods is weighing whether to spend $40 million to expand a southwestern Illinois plant if the city and state provide about $400,000 to widen a road in front of the site. The Suburban Journals of Greater St. Louis reports that the move would add 30 jobs to the 660,000-square-foot plant that now has more than 400 workers.
Daikin McQuay plans to invest $9.2 million to expand its manufacturing and research and development operation in Virginia's Augusta County, creating 50 jobs. Gov. Bob McDonnell says the subsidiary of Japan-based Daikin Industries plans to upgrade its facility to increase its ability to generate energy-saving global chiller products.
Laird Technologies, Inc., a global leader in the design and supply of customized performance-critical components and systems for advanced electronics and wireless products, today announces the acquisition of Nextreme Thermal Solutions, Inc., the US based developer of thin-film thermoelectric technologies.
In his State of the Union address, the President outlined his plan to see Congress approve fifteen manufacturing innovation institutes. He says these institutes are a core of his goal of “making America a magnet for new jobs and manufacturing.”
The Bowling Green Area Chamber of Commerce announced today that Alpla, Inc., an Austrian-based plastic packaging company, plans to establish manufacturing operations in Bowling Green, Kentucky, creating 72 new, full-time jobs and investing more $22.4 million in the Commonwealth.
“Finishing 2012 with the highest order total in 13 years certainly confirms the renaissance of U.S. manufacturing,” said Douglas K. Woods, AMT President. “This also shows the resilience of the industry in the face of GDP contraction in the fourth quarter, along with fiscal and political concerns that have been overshadowing much of the general economy.”
The confidence element of the PMI survey indicated that, overall, purchasing managers were optimistic in their expectations of the business environment over the next six months. According to the survey, 10.7 percent of purchasing managers expect more stability, 82.1 percent expect conditions will remain the same and 7.1 percent expect less stability.
Kentucky Governor Steve Beshar today announced that Newly Weds Foods will invest $57 million to build a new food production facility in Boone County. He was joined by executives from the company to outline the plan to create 115 job within a 326,000 square-foot facility in Erlanger, Ky.