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High interest rates are stalling manufacturing growth: May PMI
With the Federal Reserve unlikely to cut rates this summer, manufacturers aren't keen to invest in new orders or capacity.
By Kate Magill • June 3, 2024 -
Boeing ratifies new contract with firefighter union
The deal with the International Association of Fire Fighters union comes amid Boeing's ongoing contract negotiations with its machinists union.
By Sara Samora • June 3, 2024 -
Explore the Trendline➔
tunart via Getty ImagesTrendlineControlling rising manufacturing costs
How companies across the country are managing increased operational and supply costs to remain competitive.
By iwinpak staff -
CoreFX Ingredients acquires oil maker Connoils
The ingredients supplier is preparing to expand its R&D efforts and customer reach with the addition to its portfolio.
By Elizabeth Flood • May 31, 2024 -
Niacet Specialty Chemicals to expand New York facility
The Niagara Falls plant will produce a critical substance for chip manufacturers' supply chain.
By Sara Samora • May 31, 2024 -
Caterpillar to pay $800K discrimination settlement
The Department of Labor found the manufacturer discriminated against 60 Black applicants at its Decatur, Illinois, factory.
By Joelle Anselmo • May 31, 2024 -
Timberlab’s acquisition fuels laminated timber manufacturing growth
The timber producer will take over and upgrade American Laminators' two Oregon factories.
By Matthew Thibault • May 30, 2024 -
PPG to build $225M OEM paint and coating facility in Tennessee
The Loudon, Tennessee, facility is part of the company’s $300 million investment to expand its manufacturing presence in North America as automaker demand grows.
By Sara Samora • May 30, 2024 -
Campbell Soup consolidates manufacturing footprint, lays off 415 workers
The soup and snacks maker also said it would invest $230 million in newer, more agile facilities as part of improvements to its supply chain.
By Christopher Doering • May 29, 2024 -
Absolics to receive $75M in CHIPS funding
The glass substrate manufacturer will use the money to build a semiconductor facility in Covington, Georgia.
By Joelle Anselmo • May 29, 2024 -
HNI to shutter North Carolina textile plant, lay off 221
The furnishing and textile maker is trying to cut millions in costs after its acquisition of Kimball International last year.
By Sara Samora • May 28, 2024 -
Nvidia CEO promises to deliver ‘a mound of chips’ as AI development speeds ahead
Cloud providers are “consuming every single chip that’s out there,” Jensen Huang told investors. “We’re racing every single day.”
By Matt Ashare • May 28, 2024 -
Bridor to build $220M Utah pastry facility
The facility will be the company's third in the U.S. as it plans further North American market expansion.
By Joelle Anselmo • May 28, 2024 -
Lilly to pour $5B more into expanding Zepbound, Mounjaro production
The planned construction in Lebanon, Indiana, brings the total investment to $9 billion, the company's largest single commitment in its history.
By Ned Pagliarulo • May 28, 2024 -
DuPont to separate electronics, water, materials science businesses
The chemical-making giant will continue to pursue growth in semiconductors, filtration systems and materials science across three separate entities.
By Sara Samora • May 24, 2024 -
Applied Materials scales AI chips as revenue stagnates
The semiconductor manufacturer is hoping its advanced gate-all-around chip design will help double its revenue to $5 billion in 2025.
By Joelle Anselmo • May 24, 2024 -
Deere lowers profit outlook as equipment sales slow
The company is cutting production as high interest rates, weather volatility and other factors weigh on demand for tractors and lawnmowers.
By Nathan Owens • May 23, 2024 -
Retrieved from Land O'Frost on May 22, 2024
Land O’Frost to close Illinois plant, lay off 215 workers
The plant produced the company’s DaBecca Natural Foods brand, and will shift production to other facilities in its national network.
By Joelle Anselmo • May 23, 2024 -
BASF reaches $316M PFAS settlement with US
The Germany-based chemical maker joins 3M, DuPont and Tyco in settling allegations over forever chemicals water contamination.
By Sara Samora • May 23, 2024 -
Deere lays off 190 more workers at Iowa plant
The farm machinery maker has notified 500 employees about job cuts since March as it slows production at its Waterloo facility.
By Nathan Owens • May 22, 2024 -
Kohler opens bath and shower fixtures facility in Arizona
The company is in talks with the Department of Energy to receive up to $51.2 million for decarbonizing the Casa Grande plant.
By Sara Samora • May 22, 2024 -
Retrieved from MyExposome on May 20, 2024
NIST funds 12 small semiconductor, biotech businesses
The $1.2 million will be used for research and development projects in PFAS detection, cybersecurity and more.
By Joelle Anselmo • May 21, 2024 -
Colorado, Vermont become latest states to expand PFAS crackdown
The two states banned the forever chemicals in items like turf and menstruation products, while San Francisco prohibited them in firefighting gear.
By Sara Samora • May 21, 2024 -
China-based battery maker to build first US plant in North Carolina
Green New Energy Materials’ $140 million battery separator manufacturing facility will create 545 jobs.
By Joelle Anselmo • May 20, 2024 -
Spirit AeroSystems to cut jobs at Kansas plant
The Boeing and Airbus supplier blamed the cuts on high inventory levels as its deliveries plunged last quarter.
By Sara Samora • May 20, 2024 -
iwinpak
Embracing continuous manufacturing in the pharmaceutical industry
Drugmakers have been slow to adopt the production process, which experts say can streamline operations, boost data quality and reduce time to market.
By Joelle Anselmo • May 17, 2024