Cummins Turbo Technologies Opens New Charleston Manufacturing Facility

$113 million plant expected to produce 200,000 turbochargers annually.

Jul 21st, 2006

Cummins Turbo Technologies, formerly Holset Turbochargers, announced Friday that it officially opened its newest manufacturing plant in Charleston, S.C. The business, a division of Columbus, Ind.-based Cummins Inc. is headquartered in Huddersfield, England, and is one of the world’s largest manufacturers of turbochargers for diesel engines.

The new 110,000 square-foot, $113 million plant will produce turbochargers for heavy-duty engines. It is expected to employ about 180 workers and produce 200,000 turbochargers annually.

The new facility brings Cummins Turbo Technologies’ number of worldwide manufacturing locations to six.

I Stock 178769490

Case Against Milk Cooperatives Working Together Settles for $220M

The lawsuit alleged that a handful of major milk producers conspired to reduce milk output.

In this July 23, 2019 photo, Jay-Z makes an announcement of the launch of Dream Chasers record label in joint venture with Roc Nation, at the Roc Nation headquarters in New York.

Luxury Goods Company Moet Hennessy Buys Half Stake in Jay-Z's Champagne

Armand de Brignac, known familiarly as Ace of Spades because of its distinctive label, is produced in France's Champagne region.

Screen Shot 2021 02 22 At 9 08 34 Am

Sanofi to Produce Millions of Vaccines for Rival Company

Its own vaccine candidate faces delays.

Cooper tires on display at Vermont Tire and Service, Inc. in Montpelier, VT.

Goodyear Acquires Cooper in All-American Tire Deal

Two of the biggest remaining American tire companies are joining forces.

President Joe Biden speaks to member of the media after exiting Air Force One, Friday, Feb. 19, 2021, in Andrews Air Force Base, Md.

Biden to Boost Pandemic Lending to Smallest Businesses

Only businesses with fewer than 20 employees can apply for the forgivable loans.

Donated water is distributed to residents, Thursday, Feb. 18, 2021, in Houston. Houston and several surrounding cities are under a boil water notice as many residents are still without running water in their homes.

Lights Come Back on in Texas as Water Woes Rise

Gov. Greg Abbott warned that residents "are not out of the woods" with temperatures still well below freezing.

Industrial Production I Stock 1169155411

US Industrial Production Climbs 0.9% in January

Manufacturing rose 1% even though auto production was held down by a shortage of semiconductors.

Adidas Is Selling Reebok

It's just not working out anymore.

R Egal Rexnord Asdf

Regal Beloit to Acquire Rexnord's Process & Motion Control Unit in $3.7B Deal

Done through a Rexnord divestment and then Reverse Morris Trust transaction, it will result in forming a new major power transmission supply entity.

People wait at a crossing in Tokyo, Feb. 15, 2021.

Japan Sees Recovery from Pandemic Slump

The Japanese economy grew at an annual rate of 12.7% in the final quarter of the year.

Bottled Water I Stock 1096008526

Water Rights Activists Worry About Sale of Poland Spring

They say the buyer identified in news reports represents a new threat to the state's resources.

Mike McDermott, president of global supply since 2019.

Insider Q&A: Pfizer Exec on Ramping Up Vaccine Supply

"We look at reducing wait times when changing over between batches, doubling of our batch size, increasing yields per batch."