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.
But a key category that reflects business investment rebounded on the strength of demand for electronics and fabricated metals.
The White House announced Sunday the The American Lightweight Materials Manufacturing Innovation Institute (ALMMII), set to open this spring in metro Detroit. It’s the latest hub in the Obama administration’s National Network of Manufacturing Innovation (NNMI), and it’s expected to bring 10,000 jobs to the region within the next five years.
Drillers, business leaders and politicians are hoping the natural gas boom is so big that it brings life to Pittsburgh's stagnant manufacturing sector. The rush of gas from the Marcellus shale and other formations can provide cheap fuel for a renaissance in domestic plastic- and steelmaking.
Nurturing students’ innate creative abilities and setting them on a pathway to prosperity with upgraded skills and a broader range of knowledge, doesn’t just “happen.” Alcoa Foundation, New York, N.Y. has pledged $220,000 to support PRIME (Partnership Response In Manufacturing Education), a community-based approach to manufacturing education.
Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. That has meant less Chinese demand for imported goods from copper and cement to factory machinery and earth movers.
ArcelorMittal SA, the world's largest steelmaker, says it expects shipments of steel and iron ore to rise in 2014 as recoveries in the US and Europe will matter more than slowing growth in emerging markets. While reporting fourth-quarter earnings, the company said it expects global steel consumption to grow 3.5 percent in 2014.
Silicor Materials, in many ways, is turning inward to implement the necessary practices rather than simply trying to respond to volatile markets. In order to make that possible, the company is implementing some philosophies most often seen in another industry altogether: the foundries of Big Steel, which has a long history of adopting new technology and ways of thinking to improve margins and stay in business.
The court was unanimous Monday in ruling in favor of United States Steel Corp. over workers' claims that they should be paid under the terms of federal labor law for the time it takes them to put on flame-retardant jackets and pants, safety glasses, earplugs, hardhats and other equipment.
The Arkansas Pollution Control and Ecology Commission lifted a stay on an air permit for the $1.1 billion Big River Steel plant near Osceola. The stay was imposed when rival steel-maker Nucor Corp. objected to the issuance of an air permit last year by the state Department of Environmental Quality.
A steel company based in suburban-Chicago is planning to open a plant in the Athens area. The Decatur Daily reports Nexus AG Holdings is buying a 300,000 square-foot building from Calhoun Community College and Alliance Steel will put a steel coil company in the building.
Sandvik, Inc., manufacturer of carbide inserts for the metal cutting industry and subsidiary of the Swedish company Sandvik, AB, is expanding its operations in Oconee County. The $12 million investment is expected to increase the company's production at its Westminster facility.
Watch and listen to Marlin Steel CEO/Owner Drew Greenblatt as he discusses how automation allowed him to transform his business.
The expansion of the plant in Davenport, Iowa, reflects four years of strong vehicle sales increases — U.S. auto sales rose 8 percent to 15.6 million in 2013 — and growing use of lightweight aluminum for better fuel mileage in some models.
Stueken, LLC, which provides precision deep draw and metal stamping to the automotive, electronics and consumer goods markets, will expand its Fountain Inn location to address growing customer demand. The $3.2 million investment will add at least 27 new positions in the near future.
The U.S. is accusing China of failing to comply with a World Trade Organization ruling against China's imposition of duties on high-tech American steel. Washington says the duties caused a $250 million annual drop in exports. The ruling concerns grain oriented flat-rolled electrical steel that is used primarily by the power generating industry.
On Monday, Ford unveils a new F-150 with a body built almost entirely out of aluminum. The lighter material shaves as much as 700 pounds off the 5,000-pound truck, a revolutionary change for a vehicle known for its heft and an industry still heavily reliant on steel.
The $13 billion Odisha steel plant would be the largest-ever foreign investment in India. The country has been embroiled in fierce debates over how to protect its environment while lifting hundreds of millions of people out of poverty through investment and infrastructure development.
A subsidiary of Alcoa Inc. has pleaded guilty and the company will pay $384 million for paying bribes to the Middle Eastern Kingdom of Bahrain through a London-based middleman. The corporate secretary for Alcoa World Alumina LLC pleaded guilty on behalf of the company on Thursday in federal court in Pittsburgh.
It's the first major U.S. technology company to make such a claim about its products. It's the fruit of four years of work by the company to determine the sources of four crucial metals widely used in electronics manufacturing: tantalum, tungsten, tin and gold.
In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty and ArcelorMittal executives said the goal is for the facility to be fully operational by April 2014. ArcelorMittal says it plans to hire 61 new employees over the next two years in Roane County.
For the second time in three years, a company is promising to build a silicon metal production facility and add hundreds of jobs. Only this time, officials say it will be in Burnsville. In 2011, the company, Mississippi Silicon, eyed Lowndes County for a similar project.
3-D printing took another leap forward when Michigan Technological University scientists invented a 3-D metal printer available at a relatively affordable price — around $1,500. Oh, and they made the instructions for building the machine, as well as the operating software and firmware, available online for anyone to download.
3D Systems today announced that it has completed the acquisition of Xerox's solid ink engineering and development teams, plus the development labs and patent portfolio, for $32.5 million in cash. 3D Systems says it will bring the printer design and material science teams together, along with the associated IP, to further its R&D efforts and manufacturing capabilities.
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.