A company that specializes in jet engines and aircraft system production plans to break ground this year on a parts factory near Asheville. GE Aviation's new facility is being built next to an existing GE machining plant. The company says the new plant will produce engine components made of advanced ceramic matrix composite materials.
A company making high-end pontoon boats is moving to a new location in Fort Wayne with plans to double its workforce over the next couple years. State and local officials joined Brunswick Corp. executives in a ceremony Thursday at its new factory on the city's west side at the site of a closed restaurant oven plant.
U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve says manufacturing production increased just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March.
Greenwood officials three years ago approved the project incentives, including a $6 million construction loan for 50,000-square-foot plant in a business park east of the city just south of Indianapolis. Elona said then it expected to employ some 70 workers and spend more than $25 million on a planned expansion.
The smell of snack cakes could soon return to the Dolly Madison plant in Columbus as Hostess Brands LLC prepares to relaunch production.Hostess Brands LLC spokesman Michael Cramer said workers will be resuming production by July. He said crews are now getting the facility ready to bake goods again, including testing equipment that's been idle since November.
Eastman Kodak Co. says it's ending in-house production of one of the key components of camera film and cutting 61 jobs. The Democrat and Chronicle of Rochester reports (http://on.rocne.ws/11cAOIs ) that Kodak plans to shut down its acetate base manufacturing operations next week. Light-sensitive chemicals are spread on the acetate base for photographic film.
General Motors Co.'s European Opel unit says it will start assembling cars for Russia and other eastern markets in Belarus next year. Germany-based Opel said GM signed an agreement Thursday to start building its Corsa model at facilities owned by partner Unison in Belarus.
Italian carmaker Fiat says it will temporarily stop production at some European car plants in the coming days due to insufficient deliveries of plastic parts. Fiat said in a statement Wednesday that more than 5,500 vehicles can't be completed due to missing components from the Italian supplier Selmat, creating an "unmanageable" backlog.
Bangladeshi garment factories are routinely built without consulting engineers. Many are located in commercial or residential buildings not designed to withstand the stress of heavy manufacturing. Some add illegal extra floors atop support columns too weak to hold them, according to a survey.
An estimated $400 million polysilicon plant in eastern Idaho now has only eight workers, all security guards, after its last engineer exited last month amid dwindling hopes the facility will ever produce materials for solar panels.
A federal judge has dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co. Spyker sued GM last August, accusing it of unfairly blocking a deal to let a Chinese buyer take over Swedish carmaker Saab. GM sold Saab to Spyker in 2010.
Canadian Solar landed a $304.2 million contract to construct a power plant in Ontario, sending shares 6 percent higher before the opening bell Monday. Construction begins in the third quarter of 2013 and the plant, being built for Grand Renewable Solar LP, is expected to be fully operational by 2015.
The planned closure of San Onofre Nuclear Generating Station will involve drastic cuts in the power plant's workforce, which currently numbers 1,500. Plans announced Friday by operator Southern California Edison call for reducing the number of employees to 600 over the next few months.
General Motors is laying off 560 workers while it retools an engine plant near Detroit to build a new motor. GM says layoffs at the Romulus, Mich., factory will start in August and run to late 2015. The company is rebuilding the inside of the factory to make a new, more efficient V-6 engine.
The troubled San Onofre nuclear power plant in Southern California is closing, after an epic 16-month battle over whether the twin reactors could be safely returned to service, officials announced Friday.Operator Southern California Edison said in a statement it will retire the twin reactors because uncertainty about the future of the plant.
The company said it will consider options for its HealthTronics urology business and for its branded drug development platform. It also plans to eliminate about 15 percent of its staff positions and reduce annual spending by about $325 million.
Procter & Gamble has reorganized its business into four new divisions, the first big change at the world's largest consumer products maker since A.G. Lafley returned as CEO nearly two weeks ago.Each of the four divisions will be headed by a group president, expanding the responsibilities for four current executives.
North and South Korea on Thursday agreed to hold talks on reopening a jointly run factory complex and other cross-border issues, after months of deteriorating relations and a day before a U.S.-China summit in which the North is expected to be a key topic.
Three business reasons — quicker, closer and custom — prompted computer maker Lenovo Group to open its first U.S. manufacturing operation in North Carolina instead of low-cost foreign locations like Mexico or China, its North American president said.
Factory orders rose 1 percent in April compared with March when orders had dropped a sharp 4.7 percent, the Commerce Department said Wednesday. The big swing reflected volatility in commercial aircraft orders, which were down sharply in March but surged 53.3 percent in April.
A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income. The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.
While the country's increasingly sophisticated economy has surged into second place globally behind the United States, industrial safety conditions often more closely resemble those in struggling impoverished nations such as Bangladesh, where more than 1,100 people died in an April garment factory collapse.
Coca-Cola began bottling its famous soft drink in Myanmar on Tuesday as part of a planned five-year, $200 million investment after having no local production for more than 60 years. The return of Coca Cola is emblematic of the opportunities U.S. companies see in Myanmar as it builds a free market economy after decades of military rule.
A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and a pullback in business spending reduced new orders and production. The Institute for Supply Management says its index of manufacturing activity fell to 49 last month, down from 50.7 in April.
The company said Thursday that by the end of next month, it will triple the number of charging stations it runs from the current eight, and the number will go to around 100 in the coming year, putting stations within reach of almost the entire populations of both countries.