A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
The Toyota Technical Center plans to invest more than $28 million to expand its powertrain operations at two facilities in the Ann Arbor area. The division is part of automaker Toyota Motor Corp.'s North American operations.
Manufacturing production is expected to fare somewhat better than the overall economy, with anticipated 2.2 percent growth in 2013 and 3.2 percent growth in 2014. The 2013 forecast is a decrease from 3.1 percent and the 2014 estimate is down from 3.6 percent predicted in the May forecast.
I would invest training in current employees. These are the people who have helped build our company. At Miller, our average seniority is 19 years with less than two percent turnover. We believe in giving people the chance and the skills to build their careers and want to continue to see them grow.
Forty-three percent of energy leaders say their investment in energy efficiency next year is projected to be more than it was last year, according to survey results released today by Schneider Electric. Twenty-two percent said their projected investment would stay the same, and 10 percent reported their investment would be less than last year.
The Crown Group, a provider of coating services for the automotive, heavy truck and agriculture industries, has announced a $5.4 million investment that is expected to create 42 new jobs over the next five years. This plant will be the company’s seventh in the U.S. and the first in South Carolina.
The economic and employment contributions from U.S. unconventional oil and gas production are now being felt throughout the U.S. economy, increasing household incomes, boosting trade and contributing to a new increase in U.S. competitiveness in the world economy, a new study by IHS finds.
Gov. Bob McDonnell announced Thursday that W&B Fabricators Inc. will invest $3.1 million in the operation. The company has operated in Mercer County, W.Va., for more than 24 years and provides services to major coal operators throughout Virginia, West Virginia, Kentucky and Pennsylvania.
Cheesemaker MDS Foods Inc. plans to build an expanded production facility in Manchester. Coffee County industrial board executive director Ted Hackney says employment is expected to grow from 41 to about 70 in the next few years.
Georgia, among other southeastern U.S. states, has been receiving a lot of attention from manufacturers lately for its business-friendly climate and proximity to big-name players in advanced manufacturing — think Tyson, Kia, Caterpillar, Lockheed Martin and more. That success, while multifaceted, can be directly traced to the state’s economic development efforts.
A group planning a $1.5 billion nitrogen fertilizer plant in northeastern North Dakota has secured a supply of natural gas and is in the process of buying a site. Northern Plains Nitrogen Chairman Darin Anderson said the company is buying land next to Grand Forks' municipal sewage lagoons north of the city and east of Interstate 29.
Shell Oil Co. is seeking ethane suppliers for its proposed petrochemical complex in western Pennsylvania. The company says in a statement Tuesday that it will accept bids from August 27 to October 4, 2013. Shell is still a year or more away from making a final decision on whether to build the multi-billion dollar plant at an industrial site about 40 miles north of Pittsburgh.
Dow Chemical Co. says it will invest $1.06 billion to build two new polyolefins plants and upgrade its ethylene capacity at the company's 3,300-acre site in Plaquemine. The company says the move will create 71 new jobs at the facility and an additional 470 indirect jobs.
Cargill Beef says it will spend $48 million to install an automated order distribution system at its Dodge City meatpacking plant. The Wichita-based company said Tuesday the system will be housed in a specially built 62,000-square-foot facility.
The expansion is expected to be complete in the spring, and Service Center Metals also is adding about 20 jobs. It currently employs about about 120 people. Service Center Metals makes aluminum rods, bars and tubing used in various industries including machinery and equipment, transportation and consumer products.
A Denver-based company called Cool Planet Energy Systems plans three Louisiana projects that will create 72 new jobs. Cool Planet announced the plans Friday for bio-refineries in Alexandria, Natchitoches and a site still to be determined. The company plans to use harvest wood waste and forest...
The investment amounts to the largest single production expansion in the brand's long history. It will add stills and barrel warehouses at the Jack Daniel's operations in Lynchburg, Tenn., the brand's Louisville-based parent company, Brown-Forman Corp., said Thursday.
The Kraft Foods Group plans to invest $40 million in its southwestern Illinois plant, creating 30 jobs over the next two years. The (Alton) Telegraph (http://bit.ly/174zLMx) reports the upgrade of the Granite City plant involves adding new equipment, as well as construction.
Maine-based DennyMike’s, producer of award-winning Texas-style dry rub BBQ sauces and seasonings, has announced the opening of a new production and co-packing facility in Westbrook, Maine. With the new facility DennyMike’s is providing for small- to mid-size producers who require a wheat- and nut-free production facility.
Global consumer products maker Unilever is planning a $152 million expansion of its margarine and spreads plant in northeast Kansas. The Kansas City Star reports the project announced Tuesday will double the size of the plant at the New Century AirCenter industrial park in Olathe (oh-LAY'-thuh).
U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey. Executives who participated in the 2013 CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100, up from 49 in the previous survey conducted in late 2012.
Manufacturing companyLeggett & Platt is planning a $5 million expansion for its facility in southwestern Missouri.Gov. Jay Nixon announced Wednesday that Leggett & Platt would be adding 28,000 square feet and an expected 12 jobs to its Flex-O-Lators facility in Carthage.
Maker's Row is directly in the middle of what could very well become a new era in American manufacturing, in which the boutique rules, and where manufacturing is within reach for essentially anyone with an entrepreneurial spirit. It could truly change the financial outlook of many smaller contract manufacturers, and enable a whole new generation of “makers.”
Southport, Conn.-based Sturm, Ruger says it will open a new factory in Mayodan to meet firearm demand that has spiked since Congress and some states sought to toughen gun controls. The community is already headquarters to Freedom Group Inc., which owns Bushmaster, Remington and other firearms brands.
The bottom line is this: We run a customizable state. We don’t attempt to steer companies or campaign for business plans that benefit our state over the business. We look for strong companies, provide them the resources they need, and let them conduct business as they see fit. We make sure South Carolina is just right for all of our companies, and it works. In South Carolina, business is part of the culture.