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.
The Equipment Leasing and Finance Association said overall new business volume for January was $6 billion, up 2 percent from new business volume in January 2013. Volume was down 44 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity.
French automakers Renault and Peugeot are looking belatedly to China to revive their flagging fortunes but picked a tough time to try to expand. Three decades after Volkswagen became the first global automaker to produce cars in China in 1984, Renault SA announced plans in December for a Chinese factory.
The justices are hearing arguments Monday in a challenge to a regulation that forces companies that want to expand facilities or build new ones that would increase overall pollution to evaluate ways to reduce the carbon they release. Carbon dioxide is the chief greenhouse gas.
At over 12 million jobs nationwide, manufacturing employment is now the highest it has been since 2009. The sector recovered handsomely from the setbacks it had faced earlier in the second and third quarters and is poised to start the new year on a strong footing.
Marlboro maker Altria Group Inc. is planning to expand its MarkTen electronic cigarette brand nationally in the second quarter. The owner of the nation's biggest cigarette maker, Philip Morris USA, announced the expansion plans on Wednesday.
Toray Industries, Inc., a Tokyo-based manufacturer of fibers and textiles, plastic resins, films and carbon fiber compositematerials, has selected Spartanburg County, S.C. for its next global facility. The $1 billion investment over the next decade is expected to create 500 new jobs and represents one of the largest initial capital investments in South Carolina's history.
On the first of three days of voting at the Chattanooga plant, U.S. Sen. Bob Corker, citing unnamed Volkswagen officials, all but guaranteed that the German automaker would announce within two weeks of a union rejection that it would build a new midsized sport utility vehicle at its only U.S. factory instead of sending the work to Mexico.
Language in Washington state bill says the Department of Licensing would no longer be able to issue additional facility licenses to Tesla because of its status as a vehicle manufacturer and not as a dealer. The company sells cars directly from the manufacturer to the consumer.