The Federal Reserve reported that total industrial production (consisting of manufacturing, mining, and utilities) grew 0.7 percent during March. Manufacturing, which accounts for the lion’s share of total industrial production, grew a healthy 0.5 percent.
This total, as reported by companies participating in the USMTO program, was down 6.6% from January and down 6.2% when compared with the total of $377.82 million reported for February 2013. With a year-to-date total of $733.82 million, 2014 is down 0.6% compared with 2013.
South Carolina-based gun manufacturer Palmetto State Armory (PSA) has announced plans to expand its facility in Lexington, S.C., with a $4.2 million investment.
Expansion talks at Volkswagen's lone U.S. plant have ground to a halt amid disagreements about the role of organized labor at the factory in Tennessee.
In the latest loss for the American textiles industry, Fruit of the Loom has announced its plans to close its plant in Jamestown, KY. Work at the facility will be moved to Honduras in an effort to cut costs.
Manufacturing activity in the Southeast increased for March, registering its highest reading since 2012, according to the Southeast’s Purchasing Managers Index (PMI) report released today by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The Southeast PMI increased 5.5 points to 61.5, while the National PMI increased 0.5 points to 53.7.
Suminoe Textile of America Corporation, a supplier of textile products for the North American automotive market, is expanding its needle punch carpet facility in Cherokee County that makes automotive carpeting. The $5 million investment is expected to create 100 new jobs.
Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The index of 53.7 in March is slightly better than 53.2 in February, and both are above the 50 percent level that separates growth from decline. Over the last 20 years, the ISM index has equaled or been higher than 53.7 only 39 percent of the time.
BMW is celebrating its 20th anniversary of building cars in the United States by investing $1 billion in its plant in South Carolina to build two of its new X-series vehicles.
Documents from Space Florida, the state's aerospace economic development arm, show that the company that would receive the money is promising to spend up to $500 million on real estate, equipment and furnishing between now and 2020.
The company is expected to break ground on the 500,000-square-foot organic food-manufacturing plant early next year and open by the end of 2016.
The Indianapolis Business Journal reports the jobs will pay an average of $36 per hour, or about $75,000 per year. The state is providing incentives $3.3 million in tax credits.
Through 2020, the report projects that energy intensive manufacturing employment will expand by more than 1 percent annually nationwide, with 72 percent of those jobs coming in metro areas.
GAF will build a 320,000 square foot facility in Moberly to house both manufacturing operations and warehousing. The new, state-of-the-art plant will have the highest production capacity in the industry and will be equipped with the most modern technology.
Located in Oceana South Industrial Park, KOSTER purchased their original 14,000-square-foot facility in 2004. Today’s groundbreaking will begin KOSTER’s next expansion phase with the construction of a 14,000-square-foot production facility.
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.