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3M puts R&D at the forefront in new budget priorities
The chemical-making titan wants to accelerate the development and manufacturing of new products in 2025.
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Carrier proposes $730M PFAS settlement with Kidde-Fenwal
The firefighting foam manufacturer will use some of the funds from the settlement to pay its creditors as part of a bankruptcy plan.
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J.M. Smucker to sell Voortman cookies for $305M
The deal with Brownie Brittle’s owner, Second Nature, includes a leased manufacturing facility in Burlington, Ontario.
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Unwrapping Hershey’s $250M manufacturing upgrade
The chocolate maker’s Advancing Agility and Automation Initiative leans on digitization to boost visibility and optimize operations and procurement.
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Voyage Foods to open Ohio cocoa-free manufacturing facility
The food manufacturer is expanding capacity as the industry faces global cocoa shortages that have sent prices skyrocketing.
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Small factories, big fines: Tackling OSHA compliance
Small firms face higher average compliance costs, but understanding key safety standards and how to foster a strong safety culture can avoid employee injuries and hefty citations.
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Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing
“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.
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Anheuser-Busch invests $16M in facility to boost drinks portfolio
The beer giant aims to expand production of its canned cocktail brands, Cutwater and Nütrl, at its Los Angeles facility.
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PPG to lay off 1,800 workers in cost-cutting plan
The paint and coatings company will also shutter an undisclosed number of plants as part of the strategy.
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Boeing workers reject contract offer, strike continues
More than 60% of union members voted against the proposal, as the aircraft maker continues to bleed cash.
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TSMC revenue jumps 36% YOY on AI demand
The chipmaker expects revenue from the AI processor-related segment to more than triple this year, according to the Q3 earnings call.
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Boeing bleeds $6.2B in Q3
The company is straining to preserve cash as its factories sit idle amid an ongoing union strike.
Updated Oct. 24, 2024 -
Treasury finalizes guidance on IRA clean energy tax credits
Solar panel and battery manufacturers can receive a tax credit on a percentage of their production costs until 2033.
Updated Oct. 24, 2024 -
DOL says workplace AI should focus on employee needs
The agency’s guidelines say responsible AI use in the workplace should prioritize employees and improve working conditions.
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Rizo Lopez Foods barred from manufacturing after listeria outbreak investigation
The injunction stems from the Food and Drug Administration’s probe into a multi-year, multi-state outbreak of infections linked to the company.
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White House opens $1.6B CHIPS advanced packaging competition
Applicants can receive up to $150 million and have until Dec. 20 to submit their concept papers.
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International Paper to close facilities in 4 states, lay off hundreds
The recently disclosed layoffs will occur in Illinois, Missouri, North Carolina and Tennessee in mid-December. They build on a series of 650 layoffs confirmed last week.
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Potential AI needs could threaten chip shortages
Bain & Company expects artificial intelligence workloads to dramatically grow through 2027, accelerating graphics processing unit and upstream component consumption.
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FTC appeals Texas noncompete ban decision to 5th Circuit
Judge Ada Brown issued the decision in August, holding that the agency’s ban violated the law and exceeded the commission’s statutory authority.
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Ford inks battery supply deal with LG Energy Solution
Under the agreement, Ford will move the Mustang Mach-E battery production from Poland to Michigan to remain eligible for the Inflation Reduction Act tax credit.
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Hemlock Semiconductor scores $325M in CHIPS funds
The chipmaker will use the money to construct a polysilicon manufacturing facility in Hemlock, Michigan, a critical material for chip and solar panel production.
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More US-based companies to shift supply chain operations into Americas: report
Reducing touch points and increasing proximity to manufacturing and procurement locations is a priority for firms, according to KPMG.
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Opinion
Op-ed: Limiting plastic production leads us backwards
The Biden administration should roll back its support of a reduction in global plastics production, writes Plastics Industry Association CEO Matt Seaholm.
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Spirit AeroSystems to furlough 700 at Kansas plant
The move will impact employees who work on Boeing’s 767 and 777 planes at the supplier's Wichita facility.
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Flexibility in manufacturing: Leveraging talents for skills-based hiring
Volvo and Carlisle Cos. are among the manufacturers leaning into more flexible shift work and part-time roles to recruit and retain workers.