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S.C. Boeing Expansion To Continue Apace In 2014

December 30, 2013 12:05 pm | by Bruce Smith, Associated Press | News | Comments

The expansion by aeronautics giant Boeing will continue apace in South Carolina during 2014 as hundreds of jobs are moved in and new construction progresses in the Lowcountry, where the company now assembles its 787 Dreamliner. It's all part of company plans announced this year to invest another $1 billion in the state and create 2,000 jobs over eight years.

Company Making Progress On Ind. Iron Pellet Plant

December 30, 2013 9:55 am | News | Comments

Magnetation Inc. of Grand Rapids, Minn., announced in late 2012 it would build the new factory at the site of an abandoned ethanol plant in the White County town of Reynolds. Several large buildings for the factory are under construction at the site.

Gun Magazine Supplier Expands In Iowa College Town

December 30, 2013 9:14 am | by Ryan J. Foley, Associated Press | News | Comments

With demand for gun products booming, Brownells Inc. is building a large distribution and retail center along Interstate 80 in Grinnell. The central Iowa city of 9,100 is home to Grinnell College, a selective liberal arts institution proud of its commitment to social justice.


VW: 123,000 New Jobs Created Since 2007

December 27, 2013 9:42 am | by Joel Hans, Managing Editor, | News | Comments

Volkswagen Group announced today that it has grown by about 248,000 employees, representing a rise of 76 percent, since 2007. 123,000 of those are new jobs created around the world, and 125,000 are from employees of companies acquired during that period and integrated into the larger group. At the end of 2013, the company has about 573,000 employees, the highest number in its history.

Decatur Plant To Undergo $95M Expansion

December 26, 2013 12:08 pm | News | Comments

An industrial plant near Decatur is about to undergo an expansion worth almost $100 million. BP Amoco Chemical Co. says it will invest $95 million in the factory to improve production of three chemicals used for manufacturing.

Shell Extends Option On Pa. Site For Cracker Plant

December 26, 2013 10:42 am | News | Comments

According to a news release Tuesday, Horsehead Corp.'s agreement extends the time Shell has to buy the site about 35 miles northwest of Pittsburgh and includes plans to start demolishing the zinc plantearly next year at Shell's expense.

China Estimates 2013 Growth Slowed To 7.6 Percent

December 26, 2013 10:02 am | News | Comments

Communist leaders are trying to steer China to slower, more sustainable growth but an unexpectedly sharp decline in 2012 and this year prompted concern about politically dangerous job losses. Beijing temporarily reversed course and shored up growth in mid-2013 with a mini-stimulus of higher spending on building railways and other public works.

U.S. Durable Goods Orders Jumped 3.5 Pct. In Nov.

December 24, 2013 11:37 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The surge in orders for durable goods, which are products expected to last at least three years, was the latest evidence of a rebound in manufacturing. The gains will likely provide support for the economy into 2014. The Commerce Department said Tuesday that orders for durable goods jumped 3.5 percent last month compared with October, when they had fallen 0.7 percent.


Ethanol From Corn Scraps Plant Starting In 2014

December 24, 2013 11:12 am | News | Comments

An ethanol plant that will make the fuel from corn cobs, leaves, and husks is on track to start production early next year. The plant located in Emmetsburg is a joint venture of Sioux Falls, S.D.-based POET and Royal DSM, and a biotech company based in the Netherlands. It is designed to make 20 million gallons of cellulosic ethanol per year.

Nuverra Has Goal Of Hiring 300 ND Workers

December 24, 2013 9:50 am | News | Comments

Scottsdale, Ariz.-based Nuverra Environmental Solutions Inc. says it is "launching a massive hiring blitz over the holidays" and will continue to search for qualified candidates until all positions are filled. Nuverra, together with its subsidiaries including Power Fuels, has nearly 2,700 employees in 26 states.

U.S. Consumer Spending Rose 0.5 Pct. In November

December 23, 2013 10:11 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Consumers' income rose 0.2 percent, an improvement from a 0.1 percent decline in October. Wages and salaries, the most important component of income, rose a solid 0.4 percent. That gain reflected strength in the private sector and a modest gain in government pay.

Steyr Arms Moving To HQ Near Birmingham, Ala.

December 23, 2013 8:20 am | by The Associated Press | News | Comments

A leading firearms company is moving into new headquarters west of Birmingham. Steyr Arms says it will be up and running in its 33,000-square-foot complex in Bessemer on Jan. 2. The company has been operating in the Birmingham suburb of Trussville. 

Lepage: New Limerick Mill To Add New 20 New Jobs

December 23, 2013 8:19 am | by The Associated Press | News | Comments

Republican Gov. Paul LePage's administration says a mill in northern Maine is expected to add 20 new jobs early next year. LePage's office says the Louisiana Pacific Corporation plant in New Limerick hired 41 new employees last year and is hoping to continue to grow in the new year.


Electrolux To Expand At North American HQ In N.C.

December 23, 2013 7:35 am | by The Associated Press | News | Comments

Gov. Pat McCrory and Commerce Secretary Sharon Decker joined Electrolux Major Appliances North America CEO Jack Truong to announce construction of a new six-floor, 375,000 square-foot facility for marketing, research and development and other company operations.

Financing Deal Set On $1B S. Ind. Fertilizer Plant

December 20, 2013 9:34 am | News | Comments

Ohio Valley Resources president Doug Wilson of Fairfield, Ill., announced Thursday that the Chinese company will provide equity financing for the construction while his company will manage the project near the Ohio River town of Rockport.

Axiall Considers La. For $3 Billion Ethane Plant

December 20, 2013 7:44 am | by The Associated Press | News | Comments

The Atlanta-based chemical manufacturer said it could make a decision sometime early next year. Axiall would invest $1 billion of its own money, while an unnamed partner would put in $2 billion. The plant could open in 2018, creating 225 permanent jobs. An estimated 2,000 to 3,000 construction would be created over four to five years.

2 Companies To Invest $28.6M, Add Jobs In Michigan

December 20, 2013 6:52 am | by The Associated Press | News | Comments

The Michigan Economic Development Corp. this week announced that Circuit Controls Corp. and North American Lighting Inc. are getting incentives approved by the Michigan Strategic Fund. The state says the expansions could mean 112 new Michigan jobs.

Top 13 In 2013, #2: A Year Of Re-Shoring

December 19, 2013 1:00 pm | by Joel Hans, Managing Editor, | Articles | Comments has been covering the “re-shoring” trend for years, but in 2013, the trend finally hit mainstream, and became a real possibility for far more companies than previously thought possible. Re-shoring was discussed in the news and within important economic circles, and even the President mentioned it multiple times during the State of the Union and other key speeches.

Hayes To Expand La. Fabrication Plant, Hire 75

December 19, 2013 12:34 pm | News | Comments

The Hayes Cos. will invest $3 million to expand its metal fabrication plant. Hayes will hire another 75 workers in Pineville, La., paying them $45,000 a year, on average. The company says it's selling more to large clients, including Union Tank Car Co., General Electric Co. and OneSubsea.

Altra Industrial Motion Completes Acquisition Of Svendborg Brakes

December 18, 2013 3:14 pm | News | Comments

Altra Industrial Motion Corp. (Nasdaq: AIMC) today announced the closure of its acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS, which manufacturing caliper brakes. Headquartered in Vejstrup, Denmark, Svendborg services a number of industrial markets, including oil and gas, mining, metals, material handling and more.

Experts: Boeing Plant Move Unlikely For Illinois

December 18, 2013 11:23 am | by David Mercer, Associated Press | News | Comments

Boeing asked for proposals from interested states after union workers in Washington state rejected a new contract offer. At least 22 states responded, hoping to land a plant that would employ up to 8,500 people. Illinois economic development officials sent the proposal last week. They declined to discuss details, including whether it includes tax breaks or other measures that would require legislative approval.

Equipment Lease Finance Industry Confidence Decreases Slightly At Year-end

December 18, 2013 11:10 am | by The Equipment Leasing & Finance Foundation | News | Comments

Overall, confidence in the equipment finance market is 55.8, a decrease from the November index of 56.9, reflecting industry concerns over uncertainty regarding capital expenditures (capex) and competitive market pressures in 2014, among other issues.

Novelis To Spend $120 Million On Upstate NY Plant

December 18, 2013 9:28 am | News | Comments

Novelis Inc. says it will invest $120 million to install a third aluminum automotive sheet finishing line and expand recycling of automotive scrap at its production plant near Oswego. The company says the expansion will create 90 jobs at its facility in the town of Scriba, and other upgrades to the plant also will be made.

Mercedes-Benz Opening Logistics Center In Ala.

December 18, 2013 8:55 am | by The Associated Press | News | Comments

Mercedes-Benz is opening a new section at its plant in Tuscaloosa County. The German automaker is cutting the ribbon on a $70 million logistics center at its automotive factory in Vance on Wednesday afternoon. Gov. Robert Bentley is among the officials planning to attend the event.

Gov. Cuomo Announces Fuzehub Initiative For Manufacturers

December 16, 2013 1:36 pm | by Joel Hans, Managing Editor, | News | Comments

New York Governor Cuomo last weekend announced the FuzeHub, which aims to connect small- and medium-sized manufacturers (SMEs) with state resources, such as the New York Manufacturing Extension Partnership (MEP) program, economic development agencies and more.

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