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Cooper Tire to sell stake in China plant for $284 million

Cooper Tire & Rubber Co. confirmed today that its joint-venture partner in China, Chengshan Group Co. Ltd., has exercised its option to buy Cooper’s 65 percent state in the Cooper Chengshan (Shandong) Tire Company Ltd, or CCT. According to the Wall Street Journal, Chengshan Group has offered to buy Cooper’s stake for $284.5 million. In […]

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Posted in Business news, Cooper Tire, International, Manufacturing, National, Northeast Mississippi, Tupelo0 Comments

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UAM’s disassembly operations, facility in Tupelo get accreditation

Microsoft Word – UAM Receives AFRA Certification.docx Universal Asset Management‘s disassembly processes and its facility at the Tupelo Regional Airport have received accreditation from the Aircraft Fleet Recycling Association, the company announced. Here’s the press release: Universal Asset Management, Inc. (UAM), a leader in aviation asset management, aircraft disassembly and commercial aviation aftermarket component sales, […]

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Posted in Business news, International, National, Northeast Mississippi, Tupelo, Tupelo Regional Airport, Universal Asset Management0 Comments


Roxul opening 600K-square-foot Byhalia facility Sept. 24

Roxul is officially opening its 600,000-square-foot manufacturing plant in Byhalia next Wednesday. Roxul Inc. is based in Canada and is a subsidiary of Rockwool International, based in Denmark. The company makes insulation from natural stone and recycled content. The Marshall County facility is its first in the U.S. Roxul Inc. makes stone wool insulation from natural stone and […]

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Posted in Business news, Economic development, International, Manufacturing, Mississippi Development Authority, National, New business, Northeast Mississippi0 Comments


Severstal completes sale of Columbus steel plant, other plant

Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed Tuesday the sale of Severstal Columbus LLC  to Steel Dynamics Inc. and Severstal Dearborn LLC to AK Steel. Steel Dynamics, based in Fort Wayne, […]

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Posted in Business news, International, National, Northeast Mississippi0 Comments


Tupelo mayor, CDF leaders joining delegation to Japan

Tupelo Mayor Jason Shelton and members of the Community Development Foundation will join Gov. Phil Bryant and Yates Construction President and CEO William Yates III as part of a delegation of economic development professionals and business leaders to Tokyo, Japan for the 37th Annual Joint Meeting of the Southeast U.S./Japan and the Japan – U.S. Southeast Associations, or […]

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Posted in Business news, Community Development Foundation, Economic development, International, Mississippi Development Authority, National, Northeast Mississippi, State, Tupelo0 Comments


GreenTech Automotive finishes Tunica production facility

GreenTech Automotive announced  today it has finished construction on its production plant in Tunica.  Here’s the company’s press release: GreenTech Automotive (GTA) a U.S. automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles, announced today that construction is complete on its new production facility in Tunica, Miss. “GTA has made significant progress toward […]

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Posted in Automotive news, Business news, International, National, New business, Technology7 Comments


Navistar Defense plant in West Point gets $38.4M contract

The Navistar Defense plant at West Point will upgrade MRAP (Mine Resistant Ambush Protected) vehicles as part of a $38.4 million contract awarded by the U.S. Army, according to U.S. Sen. Thad Cochran (R-Miss.). This phase of the “vehicle reset” contract includes the replacement of mandatory parts and repairs to MRAP Maxx Pro Dash vehicles, bringing them to […]

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Posted in Business news, International, Manufacturing, National, Northeast Mississippi, West Point0 Comments

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