The story of how the United States lost its place in manufacturing dominance and why jobs were shipped offshore is highly relevant for business executives, government leaders and anyone interested in understanding their true impact on the country and what it will take to reestablish America’s prominence as a manufacturing leader.
Clothing maker Hanesbrands Inc. is planning to upgrade a Virginia facility, retaining 215 workers and adding 50 additional jobs. Gov. Bob McDonnell said Friday that the company will invest $1.6 million to add new high-speed fabric manufacturing equipment at the plant in Woolwine.
A global manufacturer of cosmetics and hair care products announced plans to add 211 jobs at its northern Kentucky plant, nearly doubling its workforce as part of a $42 million expansion project at the facility. L'Oreal currently has about 220 employees at the Florence plant and another 60 at its distribution center in Walton.
Pratt & Whitney is expanding its aircraft engine plant in West Palm Beach with help from Florida taxpayers. The $63 million project is expected to result in 230 new jobs. The company currently employs about 1,000 people in Florida. The state and Palm Beach County contributed $4.4 million in incentives toward the expansion project.
Dennen Steel cut the ribbon on its steel stamping facility to serve the Southern USA market. Mississippi Governor Phil Bryant cut the ribbon on the new $7 million facility. Dennen Steel Chairman Andrew Dennen reported that “we are making a significant investment here because we projected growth opportunities with existing and new customers in the region.”
John Deere says it will be making a $20 million investment to expand its manufacturing plant in Valley City. Valley City plant manager David Bradford tells KOVC radio that the company is adding a tillage equipment production line to the facility. He says the company plans to add 55 to 100 jobs.
Fertilizer maker CF Industries Inc. plans to invest $1.7 billion in Iowa to expand its facility on the south edge of Sioux City, the company announced Thursday. Gov. Terry Branstad said the project is the largest capital investment ever for the state of Iowa.
Honda says it will make $200 million in new investments at two plants in western Ohio, creating about 200 manufacturing jobs. The automaker says the expansions for the Anna engine plant and Russells Point transmission plant were announced Thursday to mark Honda's 30th anniversary of auto production in the United States.
Hitachi Powdered Metals said it would build a second facility at its site in Greensburg and plans for operations to start there next August. The company now has about 150 full-time workers at its Greensburg factory and expects to possibly hire 60 more people in the coming year. Hitachi says it is looking to hire for production, engineering and maintenance jobs.
Drugmaker Eli Lilly says it is planning a multi-million dollar expansion of its manufacturing operations to make cartridges that deliver insulin to patients. The company says the cartridges will help meet growing demand in the U.S. for diabetes treatments. Nearly 26 million U.S. residents have type 1 or type 2 diabetes.
A company based in Washington state that makes equipment for the electric power industry has announced it's more than doubling the size of its plant in the northern Idaho city of Lewiston. The expansion will give the Pullman-based company room for more than 750 employees in Lewiston. The Lewiston facility currently has 150 employees.
Gov. Beverly Perdue plans to be on hand Friday for what her office calls a jobs announcement at the Deere-Hitachi Construction Machinery Corp. plant in Forsyth County. Commissioners last week approved more than $1 million in incentives that would match state-level sweeteners. Deere-Hitachi would have to add at least 340 full-time jobs in five years to land the benefits.
Economic activity in the manufacturing sector expanded in September following three straight months of slight contraction, according to the latest Manufacturing ISM Report on Business. The September PMI registered 51.5 percent, an increase of 1.9 percentage points when compared to the August reading of 49.6 percent. To add to the good news, the overall economy grew for the 40th consecutive month.
The Southeast Michigan Purchasing Managers Index (PMI) for September is at 50.6, up nearly five points from the August PMI of 45.7 and indicating a resumption of growth in the Southeast Michigan economy after three declining months. A PMI value of 50 or more generally suggests an expanding economy. Increases in production, new orders and vendor deliveries were the contributing factors to this month’s increase.
The company and the governor of the U.S. island territory jointly announced an expansion of four existing plants that will add 308 jobs. A Johnson & Johnson spokesman said the company based in New Brunswick, New Jersey would invest up to $225 million to add capacity at two plants.
ExxonMobil said a $200 million project to expand two of its Louisiana chemical and lubricant plants will bring more than 400 construction and full-time jobs to the state over the next two years. Company officials say construction on the chemical and lubricants plants in Baton Rouge and Port Allen will begin at the end of the year.
A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers. The Business Roundtable says that only 29 percent of its member CEOs plan to increase hiring over the next six months. That's down from 36 percent in June, when the group last released its quarterly survey.
ConAgra Foods Inc. said Monday that it is expanding its plant in Russellville, Ark., and will add more than 80 jobs. The food maker has operated in the Russellville area since 1965 and has approximately 1,350 employees there. ConAgra said it is investing $100 million to expand the plant to make Bertolli and P.F. Chang's frozen meals.
Georgia-Pacific says it will need 100 new workers as it expands a plant that makes a wood product used for furniture. The company bought two South Carolina plants in 2010 that make oriented strand board, which is a product that combines compressed wood strips with wax and resin to make a product similar to plywood.
Georgia-Pacific today announced that it plans to begin a ramp up of production at its oriented strand board (OSB) facility at Clarendon County, S.C., in the first quarter of 2013. The mill was part of the acquisition in May 2010 from Grant Forest Products that also included an operating plant at Allendale County, S.C., and another operating plant at Englehart, Ontario.
Amid burgeoning demand for diesel engine-powered cars in India, Honda plans to invest about 30 billion yen to build the engine plant within the compound of its existing production site in the northwestern state of Rajasthan, according to the sources. Honda envisions installing diesel engines of around 1500 cc in its compact City and Brio models.
An official of Chinese telecoms equipment giant Huawei Technologies said Friday he is concerned that new Australian laws to protect communication networks from cyber-attacks could exclude companies from tendering for work simply because they're Chinese. Huawei's Australian subsidiary was last year barred on security grounds from working on a national broadband network that is now under construction.
Snack foods company Frito-Lay North America is receiving up to $4 million in tax credits to expand its manufacturing and distribution plant in Killingly. The company plans to spend $38 million for technology for material handling and delivery. State officials said Thursday that the improvements are expected to increase efficiency and improve delivery while also reducing the plant's environmental impact.
Middle market manufacturers and distributors are adjusting to the “new normal” of the post-recession era by focusing on efficiencies, operational improvements and innovation, according to a newly released McGladrey Manufacturing and Distribution Monitor, a survey of middle-market manufacturing and distribution executives that provides a unique look into the state of manufacturing on “Main Street.”
CHS Inc. plans to build a $1.2 billion anhydrous ammonia plant in eastern North Dakota, taking advantage of the state's abundant natural gas supplies to satisfy rising demand for fertilizer, company officials said Wednesday. Once it begins operating by late 2016, the factory should be capable of making more than 2,000 tons of anhydrous ammonia daily, said Carl Casale, the company's president and CEO.