Submarine maker Electric Boat plans to double its workforce in Rhode Island to build a new class of submarines under a $95 billion Navy program, welcome news in the state with the nation's highest unemployment rate.
Holcomb indicates that there aren’t any specific concerns facing manufacturing right now and that the opposite is more likely. Business volumes are stable and are getting stronger, depending upon the specific industry, but all pointing in the right direction.
The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, said late Wednesday it sold 17.8 million shares at $24 each in its initial public offering of stock.
Chrysler Group has confirmed plans to invest $63 million in its Warren Stamping Plant to expand capacity at the suburban Detroit facility.
The facility will be utilized to make products for the semiconductor industry, which demands levels of purity to the parts per quadrillion (ppq). With the allowable level of contamination at one ppq, it’s equivalent to one drop of water in a space the size of the Empire State Building.
Alcoa Power and Propulsion plans to invest $25 million in new technology at its Hampton, Virginia operation.
The report is a very positive confirmation that the manufacturing sector will continue to grow faster than the general economy this year and next. Growth is driven by a ramping up of the housing supply chain.
The Singapore-based company will produce both passenger and light truck tires in the new facility, which will combine manufacturing and distribution within its estimated 1.8 million square feet.
After an unsuccessful tryst with China, Independence LED Lighting ended up establishing a new headquarters and manufacturing operation in Wayne, Penn., just under 20 miles northwest of Philadelphia — reshoring all that production work to the U.S.
ConAgra Foods says it will spend nearly $9 million to expand its popcorn production operations in northwestern Indiana, where it expects to add up to 80 workers in the coming year.
National Instruments Corp. has dropped plans for an $80 million expansion in Central Texas that would have added about 1,000 jobs.
This first-of-its-kind facility in Greenville, South Carolina, will serve as an incubator for innovative advanced manufacturing process development and rapid prototyping.
The Manufacturers Alliance for Productivity and Innovation (MAPI) Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product will expand 2.5 percent in 2014 and 3.2 percent in 2015. The former is a decrease from 2.8 percent and the latter equal to the 3.2 percent from MAPI’s March 2014 report.
The New Markets Tax Credit (NMTC) Program, established back in 2000 to spur economic development in blighted communities around the U.S., actually doesn’t exist anymore. But if the story of Mölnlycke Health Care and Brunswick, Maine, means anything, it's that the tax credit is about due to be revived.
South Carolina Governor Nikki Haley was joined by state and local economic development officials last Thursday evening to announce $38.2 million in new capital investment and 304 new jobs in South Carolina.
Georgia-Pacific says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.
Drug maker Actavis Plc is investing $48 million to reactivate and expand two manufacturing plants in the U.S. territory of Puerto Rico.
The growth in April’s new orders was entirely due to large defense contracts which have very long lead times and thus do not reflect activity that is likely this year. Having said that, defense capital goods contracting has exploded in early 2014.
Using a new finance tool, she shows how the mismatch costs that result from extending the supply chain may well be higher than the lower cost offered by the offshore supplier, leading to reduced profits.
The Racine company best known for its garbage disposers is opening another manufacturing plant in Kenosha and will upgrade its operations in Racine.
High-end auto parts manufacturer Brembo S.p.A announced plans Wednesday to make North America its top market while celebrating expansion of its plant in southern Michigan.
Plastic Products Company Inc. (PPC), a manufacturer of plastics and injection molding, has announced its plan to invest $3.2M in a new facility in Seneca, S.C.
State officials have approved a major expansion of a toxic waste landfill in Central California that residents say has caused birth defects in children.
Permit and grant applications show the same British company that's building a wood pellet mill in Gloster is planning one in Magnolia.