Throughout 2013, the company exported 108,705 U.S.-made Honda and Acura vehicles while importing 88,537. In addition, the company achieved record production levels of 1,309,917 units on American soil — a 7.4 percent increase over the previous record in 2012.
Seeing China’s manufacturing sector shrink is a trend that excites Americans, although it may not actually alleviate much of the pressure around a U.S. unemployment rate of 7.3 percent. The reality, according to many experts, is that the phenomenon is more one of nearshoring than reshoring, as many of these businesses — along with their jobs — head to Mexico.
Taking a closer look at the data, shipments of injection molding machinery were up 20 percent in the third quarter when compared with the same quarter of a year ago. Shipments of single-screw extruders advanced 9 percent, and shipments of twins-screw escalated 12 percent. Shipments of new thermoforming equipment spiked up 50 percent in Q3 when compared with last year
Yesterday, Doug Oberhelman, chairman and CEO of Caterpillar Inc., and Jay Timmons is president and CEO of the National Association of Manufacturers, penned an open letter to President Barack Obama calling for more leadership on creating an environment in which manufacturers can grow once more to create jobs and generate a stronger economy.
On January 14, Sen. Pat Roberts (R-KS) introduced Senate bill 1920, the Innovators Job Creation Act, which intends to ament the Internal Revenue Code of 1986 to extend and modify the R&D tax credit, with the aim of eking out more innovation.
In a typical end-of-year spike, their new business volume was up 62 percent from the previous month’s volume of $6.6 billion. Cumulative new business volume for 2013 rose 3 percent over 2012.
Yokogawa Corporation of America, a manufacturer of equipment measurement, control and automation, has announced the opening on its new facility in Newnan, Ga., which was built in response to increased demand for its products and service offerings.
In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty says the company will invest $25 million in manufacturing equipment and building and infrastructure improvements in Morristown.
Bicycle manufacturer Kent International is building a new plant in South Carolina's Clarendon County. The company said it will invest nearly $4.5 million in a facility that is expected to create 175 jobs.
Overall, confidence in the equipment finance market is 64.9, the highest confidence level in two years, and an increase from the December index of 55.8. An improved general outlook for economic activity among industry leadership contributed to the increase.
Gulfstream executives said the company will build a $25 million maintenance, repair and overhaul facility with 110,000 square feet of space. Headquartered in Savannah, Gulfstream already employs about 200 workers in Brunswick at its service center and a completions facility that installs furniture, entertainment systems and other finishing touches to its aircraft.
Sandvik, Inc., manufacturer of carbide inserts for the metal cutting industry and subsidiary of the Swedish company Sandvik, AB, is expanding its operations in Oconee County. The $12 million investment is expected to increase the company's production at its Westminster facility.
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.