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Industry News

  • BASF Expanding Production Capacity at AL and LA Plants

    German chemical company BASF is investing more than $200 million to expand its plastics additives business around the world, including an capacity upgrade of its plastics additives manufacturing plant in McIntosh, AL, a company press release said Monday. In a separate announcement Wednesday, BASF...

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  • Concrete Manufacturing Firm to Open $12M Precast Plant

    Ohio Valley Precast LLC, a newly-formed subsidiary The Bristol Group, plans to open a $12.2 million precast concrete manufacturing facility in Charlestown, IN that will employ about 80 workers, announced One Southern Indiana, an organization promoting business investments in southern portions of...

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  • Intelligrated Increases Sortation Equipment Offerings

    Automated material handling solutions provider Intelligrated is expanding its portfolio of sortation equipment with the introduction of its USS vertical conveyor and sortation equipment, tote stacking and destacking solutions, and new buffering and sweeper sorting systems, the Chicago-based company...

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  • Siemens Buys Design Automation Company Mentor Graphics

    German engineering company Siemens is purchasing Wilsonville, OR-based Mentor Graphics, a maker of design automation software, for $4.5 billion to increase its strength in the industrial software market, the companies announced in a joint press release Monday. “Siemens is acquiring Mentor as...

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  • Boeing to Close Two Plants, Consolidate Some U.S. Facilities

    As part of efforts to consolidate operations at its Defense, Space & Security facilities in the United States, Boeing announced Tuesday that the aerospace company is working to cut its facilities space by 4.5 million sq. ft. by 2020. “In order to push ourselves farther and win more...

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  • Conagra Brands Appoints New Member to Board of Directors

    Conagra Brands Inc., formerly known as ConAgra Foods Inc., appointed Craig P. Omtvedt to its board of directors on Nov. 11, the Chicago-based food company said. Omtvedt will assume the role immediately. “We are very pleased to welcome Craig to the Conagra Brands board,” Steve Goldstone...

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  • Key Technology Opens New Innovation and Solutions Center

    Key Technology strengthens support of European food processors with the opening of its new customer visit center – The Innovation and Solutions Center – in Hasselt, Belgium. This state-of-the-art facility enables processors to participate in equipment demonstrations, application...

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  • Food Processing Equipment Maker Reiser Expanding Facility

    Food processing and packaging equipment maker Reiser has begun construction on a new 46,000-sq-ft addition to its Canton, MA headquarters, multiple news organizations reported Monday. “The expansion of our Canton facility reflects the continued growth of Reiser and the many services we...

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  • Ag Growth International Acquiring Yargus Manufacturing

    Yargus Manufacturing Inc., a leading global manufacturer of Layco brand fertilizer and industrial material handling equipment located in Marshall, IL, announced that it has entered into an agreement to sell its manufacturing operation to Ag Growth International Inc. (AGI), a publicly traded company...

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  • GE Opens Predix IIoT System to Third-Party App Developers

    Aiming to expand the use of Predix, a cloud-based operating system for the Industrial Internet of Things (IIoT), General Electric’s Digital unit initiated a program to allow independent software vendors (ISVs) to create and sell new applications through GE’s proprietary platform, the...

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