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Korean Company Picks Alabama for First U.S. Plant

Governor Bob Riley and officials from the Montgomery, AL, area announced Friday that Korean-based Hyundai Heavy Industries will locate its first American manufacturing facility in Montgomery, creating 480 new jobs and a capital investment of $90 million. The facility will…

Raytheon to Build New Alabama Plant, Add 300 Jobs at Arsenal

Alabama Gov. Bob Riley announced from overseas that Raytheon Company (Waltham, MA ) is bringing a new facility and 300 new jobs to Redstone Arsenal. From the Farnborough International Air Show in the United Kingdom, Riley announced that Raytheon will…

LENOX Institute of Technology Now Open

LENOX ® (East Longmeadow, MA), a leading manufacturer of premium power tool accessories, hand tools, torches, solder and band saw blades, recently opened its new LENOX Institute of Technology (LIT) located within the company headquarters in East Longmeadow, MA. The…

Industrial Fall Protection Website is Launched

Rigid Lifelines (Morgantown, PA) Division of Spanco, Inc. announced the launch of a new website that showcases the company’s rigid horizontal fall protection systems and accessories for steel mills, manufacturing plants, wind turbines, and other sites.   From a full…

WANTED: SKILLS

Good News: Factory jobs return. Bad News: So does the skills shortage. U.S. manufacturers can’t find skilled workers they need among ranks of the unemployed.

THE TWO SIDES TO STEEL

On one side, factories are rebounding as the automotive sector makes a comeback. On the other, mills are cutting back as prices fall into a slump. What?s next?

TIGHT WADS

Small Business Hurt by Tight Credit: Despite billions of dollars in federal assistance, banks burned by bad loans continue to be stingy with credit reducing available funds, raising interest rates on loans and rejecting many applicants altogether.

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