Eastman Chemical Co. will put $1.6 billion into an expansion in Tennessee that will create 300 new jobs. The expansion is called Project Inspire. Eastman management said it will invest in new growth opportunities, safety and environmental projects, increased warehouse space, building renovations and expansion of its corporate campus in Kingsport.
The expansion will require an additional 290,000-square-foot facility adjacent to its current two buildings, Gov. Nathan Deal said in a written statement. The company's current facility, formerly Unisia of Georgia Corp., was established in Monroe —about 45 miles east of downtown Atlanta — in 1996.
Advanced Technical Finishing, the Huntsville, Ala.-based surface treatment resource for components in a variety of industries — aerospace, defense, medical and transportation — is adding 16,000 square feet to the current facility with a $10 million investment.
The new product marks Hershey's latest push to expand its presence in China, where the potential for sales growth is far greater than in developed countries such as the U.S. But the company has plenty of catching up to do with just 2.2 percent of the country's chocolate market, according to Euromonitor International.
Lansing, Mich.-based General Motors today announced a $44.5 million investment for its Lansing Grand River Assembly plant, which currently manufactures the Cadillac ATS and CTS. With the investment, the company will build a 400,000 square-foot Logistics Optimization Center and hire 200 additional employees.
One of the largest eye care companies in the U.S. is expanding its operations in Puerto Rico. Gov. Alejandro Garcia Padilla says CooperVision will invest $250 million to build 15 new production lines, a project that will create some 350 new jobs. The company currently employs 1,600 workers at a plant in the southern town of Juana Diaz.
Kentucky Governor Steve Beshear today joined company and local officials to break ground on an 87,000 square foot addition to Kobe Aluminum Automotive Products (KAAP), LLC advanced manufacturing facility in Bowling Green, representing $66 million of new capital investment and the addition of 100 new full-time employees.
Bobcat Co. is investing $20 million in an expansion and renovations in Bismarck, about 3 ½ years after closing its manufacturing plant and laying off nearly 500 workers.The compact construction equipment maker broke ground Monday on a research-and-development facility at its existing site at the Northern Plains Commerce Centre.
The Fair Lawn, N.J.-based information electronics recycler and e-waste handler AnythingIT, Inc., has announced that its new 30,050 square-foot facility in Tampa, Florida is now on-line and fully operational. The facility was first opened at the end of March 2013 to process electronic waste and perform asset recovery for a growing number of customers.
Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp.
The Coca-Cola Co. says it will invest $2 billion to support the planting of 25,000 acres of new orange groves in Florida. The announcement will be made at a news conference late Tuesday morning at Coca-Cola's production plant in Auburndale. Details were released in advance to The Associated Press.
ALCOA says resurgent auto manufacturing is creating demand for its aluminum products and it will expand its plant in Tennessee. The Daily Times first reported the company will create 200 new jobs with a $275 million expansion of its rolling mill in Alcoa, Tenn. Some 400 construction jobs will be created in building it.
The three-volume report, “Manufacturing for Growth,” finds that executives around the world crave government policies that simplify taxes and protect free and fair trade — along with stronger energy and infrastructure policies and more focused education and workforce frameworks. They also want science, technology and innovation policies that promote advanced manufacturing.
The Times of Gainesville reports that Impulse Manufacturing will produce parts for several small excavators that will be produced at the new Caterpillar plant. The parts will be shipped by truck each day to the Caterpillar plant, where they will be assembled.
Gov. Robert Bentley is joining Honda officials in Lincoln to celebrate the start of production for the 2014 Acura MDX sports utility vehicle. A spokesman for the governor said the ceremony Thursday morning comes after Honda invested $400 million and hired more than 400 people to support the production of the MDX.
The Michigan-based subsidiary of Yanfeng Visteon of China, a General Motors supplier, plans to build the $45 million manufacturing and sequencing facility and expects to create 263 new jobs.
Hostess Brands LLC says it will reopen its eastern Kansas bakery this summer, with the hiring of an initial 250 people already underway. The announcement was made Thursday by the investment partnership that bought Hostess Brands' snack cake product lines.
Corning Inc. says it plans a $250 million expansion of its diesel plant in an upstate New York town, adding 250 jobs to the 500 already at the facility. The company says the plant in the Steuben County town of Erwin makes emission control products used in heavy-duty diesel engine trucks and agricultural equipment.
A favorite saying of mine is that we hire people not just for their hands, but also for their hearts and minds. When we hire frontline employees, it should not be just for the work they do on the line, but for the creative thoughts in their hearts and minds. What if we paid frontline manufacturing employees just $2 per hour for their labor but $14 per hour to use their minds?
Two-thirds of manufacturers surveyed by SME are optimistic about business growth over the next 12 to 18 months, with most anticipating a moderate to significant rise. At the same time, they are expecting to face some pressing challenges as they move forward, including a shortage of skilled workers and rising production costs.
A $400 million expansion planned for the Monsanto Co.'s research center in suburban St. Louis could bring 675 new jobs to the region during the next three years, the company said Tuesday.The agricultural products company said it will add 36 new greenhouses, offices, laboratory space and "plant growth chambers."
The Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for March was $6.8 billion, flat compared to volume in March 2012. Month-over-month, new business volume was up 45 percent from February. Year to date, cumulative new business volume was up three percent compared to 2012.
Only five percent of companies feel the U.S. economy will contract this year and more than half of respondents (56 percent) feel the economy will expand. Nearly all CFOs (96 percent) believe U.S. manufacturing will expand or stay the same in 2013.
Overall, confidence in the equipment finance market is 54.0, an easing from the March index of 58.0, reflecting industry participants’ continuing concerns over the economy and the impact of federal policies on capital expenditures. 6.3 percent of executives responding said they believe business conditions will improve over the next four months, down from 21.9 percent in March.
Legislation giving the Boeing Co. $120 million in incentives for their expansion plans in South Carolina is one vote away from reaching the governor's desk. The House voted 115-2 Wednesday to approve the bill. Another vote would send it to Gov. Nikki Haley, who is sure to sign it. The Senate approved the measure last week.