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  • Global Snack Food Products Market to Reach $620B by 2021

    Product innovations and a growing assortment of options are expected to drive global growth of the snack food products market in the coming years, which is expected to reach a value of $620 billion by 2021, according to a report by Irish firm Research and Markets released Wednesday. Through now and...

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  • General Mills Sells Vacant Pillsbury Factory in Indiana

    A former Pillsbury dough products manufacturing facility in New Albany, IN and the plant’s production equipment was sold by General Mills to an investor group for an undisclosed sum on Nov. 14, the purchasers, New Mill Capital Holdings and Tiger Group, jointly announced in a press release...

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  • USGS Finds Largest Continuous Oil Deposit in U.S. To Date

    The U.S. Geological Survey (USGS) has found what it calls the “largest estimate of continuous oil” that the agency has “ever assessed in the United States” at Wolfcamp shale, a large shale rock formation in the Midland Basin of west Texas’ Permian Basin province, the...

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  • 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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