Lawmakers agreed to extend state tax incentives aimed at spurring new expansion projects by General Electric Co. and AK Steel, two key employers in the state.
Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble.
Twin Falls officials in south-central Idaho have approved a $3.5 million expansion of a Greek yogurt plant operated by Chobani.
Meyer Tool Inc. (MTI), a high-tech supplier to the gas turbine industry, will more than triple its manufacturing operations near Greenville, S.C., with an initial $5 million investment that will add at least 50 new jobs to the production.
In recent weeks, however, Beshear has called tobacco use the single-biggest factor contributing to Kentucky's dismal overall health status.
Sen. Corker blamed the UAW appeal — and the resulting delay in certifying the results of the union election — for putting a hold on expansion talks at the plant.
The $67 million expansion comes barely a year after the brand created a backlash by saying it was cutting the amount of alcohol in each bottle to stretch its whiskey supplies.
Tesla Motors recently announced that four states are in contention for a massive new $5 billion plant that the company hopes will build batteries for 500,000 cars a year and employ up to 6,500 people, and there's no doubting that the level of incentives offered will be off the charts.
WeylChem U.S. Inc., a provider of custom manufacturing and tolling services, as well as advanced intermediates and reagents is announcing the expansion of its Kershaw County facility. The $10.8 million investment is expected to create 49 new jobs.
The Equipment Leasing and Finance Association said overall new business volume for January was $6 billion, up 2 percent from new business volume in January 2013. Volume was down 44 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity.
French automakers Renault and Peugeot are looking belatedly to China to revive their flagging fortunes but picked a tough time to try to expand. Three decades after Volkswagen became the first global automaker to produce cars in China in 1984, Renault SA announced plans in December for a Chinese factory.
The justices are hearing arguments Monday in a challenge to a regulation that forces companies that want to expand facilities or build new ones that would increase overall pollution to evaluate ways to reduce the carbon they release. Carbon dioxide is the chief greenhouse gas.
At over 12 million jobs nationwide, manufacturing employment is now the highest it has been since 2009. The sector recovered handsomely from the setbacks it had faced earlier in the second and third quarters and is poised to start the new year on a strong footing.
Marlboro maker Altria Group Inc. is planning to expand its MarkTen electronic cigarette brand nationally in the second quarter. The owner of the nation's biggest cigarette maker, Philip Morris USA, announced the expansion plans on Wednesday.
Toray Industries, Inc., a Tokyo-based manufacturer of fibers and textiles, plastic resins, films and carbon fiber compositematerials, has selected Spartanburg County, S.C. for its next global facility. The $1 billion investment over the next decade is expected to create 500 new jobs and represents one of the largest initial capital investments in South Carolina's history.
On the first of three days of voting at the Chattanooga plant, U.S. Sen. Bob Corker, citing unnamed Volkswagen officials, all but guaranteed that the German automaker would announce within two weeks of a union rejection that it would build a new midsized sport utility vehicle at its only U.S. factory instead of sending the work to Mexico.
Language in Washington state bill says the Department of Licensing would no longer be able to issue additional facility licenses to Tesla because of its status as a vehicle manufacturer and not as a dealer. The company sells cars directly from the manufacturer to the consumer.
A Maine-based manufacturer of aluminum trailers plans to open a plant in South Dakota's largest city. The Governor's Office of Economic Development says the Alcom LLC plant in Sioux Falls will create 20 jobs initially and up to 180 positions in the next three years.
Low U.S. electricity prices in natural-gas-fired plants, for example, are already encouraging investment in energy-intensive industries such as steel and glass. Not yet visible are the advantages that makers of intermediate products, such as plastic-resin pellets, and makers of finished goods, such as plastic toys and plastic auto parts, will reap from cheaper inputs.
The 2013 figures, released today by the U.S. Department of Commerce's International Trade Administration, represent a nearly four percent increase in South Carolina's export value, which was $25.1 billion in 2012 and previously an all-time record for the state.
A $16 million upgrade of a manufacturing facility in Shreveport means new jobs in north Louisiana. Gov. Bobby Jindal and Lubrication Technologies Inc. CEO Chris Bame announced the project Monday. They say the project will create 75 new jobs with an average annual salary of more than $41,400 per year.
With an eight-year turnaround from research to yield, Cargill's expansion in Fort Collins will reach into the next generation of oils to meet consumer needs including Omega 3 for brain and eye development, said Lorin DeBonte of Cargill Specialty Seeds & Oils.
U.S. Engine Valve, a manufacturer of high-engineered valves, has announced today its plan to expand operations at its existing facility in Westminster, S.C. The company will invest $29.5 million and add at least 125 new jobs with the initiative.
“While U.S. manufacturing continued its growth into the new year, survey data from the Institute for Supply Management (ISM) showed that the pace of factory activity slowed considerably. The overall Index fell by 5.2 percentage points from 56.5 in December to 51.3 in January, still signaling overall output advances but at a far more muted pace."
The Southeast Michigan Purchasing Managers Index (PMI) for January is 52.3, up from 50.6 in December, as both the Production and New Order indexes rebounded after a seasonal, year-end low. A PMI value above 50 generally suggests economic growth.