The December 2013 composite index improved to 67 from 66 in the September survey—the fourth straight quarterly advance and the highest level since the September 2011 reading of 67. For 17 quarters, the index has remained above the threshold of 50, the dividing line separating contraction and expansion.
Our #2 pick is AquaTech, which has 32 years of experience with industrial waste water treatment and is located at the heart of the Marcellus Shale region. The company was one of the first in the area to develop mobile water treatment facilities which lower costs and reduce the risk of transporting contaminated water. AquaTech is also expanding its manufacturing space as well as dedicating a company division to the shale industry.
In late 2013, U.S. Senator Chris Coons (D-Del.) announced the “Manufacturing Jobs for America” initiative, which aims to “train Washington’s focus on manufacturing jobs.” The initiative, with 22 backers in the Senate, all Democrats, wants to bring new legislation to Congress and the President that will help American manufacturers grow.
Auburn Manufacturing, Inc., a developer and manufacturer of textile products for extreme temperature industrial applications, has announced the recent grand opening of a $1.4 million expansion. The 22,500 square-foot renovation at the company’s “Kitty Hawk” manufacturing facility in Auburn, Maine, has doubled the facility’s size
The expansion of the plant in Davenport, Iowa, reflects four years of strong vehicle sales increases — U.S. auto sales rose 8 percent to 15.6 million in 2013 — and growing use of lightweight aluminum for better fuel mileage in some models.
Our #4 industrial innovator is Hearthside Food Solutions — a young company with deep roots. Co-founded in 2009 by a group of investors led by Hearthside Chairman and CEO Rich Scalise, the company strives to be the largest and best contract manufacturer of snacks in the country.
Stueken, LLC, which provides precision deep draw and metal stamping to the automotive, electronics and consumer goods markets, will expand its Fountain Inn location to address growing customer demand. The $3.2 million investment will add at least 27 new positions in the near future.
General Motors Co. today announced that its dealers had delivered 9,714,652 vehicles worldwide during 2013, which is 4 percent higher than the previous year. The company said China and the United Kingdom, as markets, posted the largest year-over-year sales increases, each 11 percent up over the year before.
November U.S. manufacturing technology orders totaled $437.79 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 0.6 percent from October and up 20.7 percent when compared with the total of $362.63 million reported for November 2012.
Coming in at #5 is Toshiba International Corporation, one that many would not associate with American production. But Toshiba International Corporation (TIC) is a Toshiba America Inc. Group Company, a wholly owned subsidiary of Toshiba Corporation, and is headquartered in Houston, Texas with 1,200 people.
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) recently announced that construction is underway at the assembly line that will produce the first U.S.-made Lexus. Last April, TMMK announced it would localize production of the ES 350, which has never been assembled outside of Japan.
For a majority of U.S. businesses, equipment financing is a critical source of funding, helping them to acquire the equipment they need to operate and grow. Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors.
Rockford was a finalist for a massive Boeing plant before the aerospace company reached a deal with a union and agreed to build its 777X planes near Seattle, state officials said. "It speaks very well for the Rockford region how seriously Boeing took the Illinois proposal," one official said.
A new Carlisle Etcetera national distribution center is opening in Carroll County, and the English American Tailoring Company in Westminster is expanding. Maryland Gov. Martin O'Malley and Carroll County economic development officials made the announcement Tuesday.
Boeing delivered 65 of its 787s last year, even though deliveries were halted for a four months because of battery problems. Boeing was able to step up the pace once deliveries resumed in May, and it handed over 25 of the jets during the final quarter of last year.
Factory orders rose 1.8 percent in November, the Commerce Department said Monday. That follows a 0.5 percent decrease in October. Orders received by manufacturers totaled a seasonally adjusted $497.8 billion in November, the highest level on records dating to 1992
In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty and ArcelorMittal executives said the goal is for the facility to be fully operational by April 2014. ArcelorMittal says it plans to hire 61 new employees over the next two years in Roane County.
For the second time in three years, a company is promising to build a silicon metal production facility and add hundreds of jobs. Only this time, officials say it will be in Burnsville. In 2011, the company, Mississippi Silicon, eyed Lowndes County for a similar project.
Economic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Most analysts are predicting that Americans bought around 1.4 million new cars and trucks last month, the fourth-best month of the year. That means the industry will finish 2013 with sales of about 15.6 million cars and trucks, roughly 8 percent better than the 14.5 million vehicles sold in 2012.
Chrysler finished 2013 with a 9 percent sales increase, posting its best annual numbers in six years as the auto industry's recovery hit full stride. The company said Friday that it sold just over 1.8 million cars and trucks last year, up from 1.65 million a year earlier.
Economic activity in the manufacturing sector expanded in December for the seventh consecutive month, and the overall economy grew for the 55th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
The expansion by aeronautics giant Boeing will continue apace in South Carolina during 2014 as hundreds of jobs are moved in and new construction progresses in the Lowcountry, where the company now assembles its 787 Dreamliner. It's all part of company plans announced this year to invest another $1 billion in the state and create 2,000 jobs over eight years.
Magnetation Inc. of Grand Rapids, Minn., announced in late 2012 it would build the new factory at the site of an abandoned ethanol plant in the White County town of Reynolds. Several large buildings for the factory are under construction at the site.
With demand for gun products booming, Brownells Inc. is building a large distribution and retail center along Interstate 80 in Grinnell. The central Iowa city of 9,100 is home to Grinnell College, a selective liberal arts institution proud of its commitment to social justice.