Archive | International

roxul

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

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

Japan-US

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

1-mycar

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, Technology5 Comments

MRAP MAX PRO

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

Iain Logan, senior vice president for Philips, who is second from left, and Philips Tupelo plant manager Amar Yeddula receivesa token of appreciation from CDF President and CEO David Rumbarger

Philips Lighting adding 50 jobs with $2M expansion

One of the oldest companies in Tupelo is expanding and adding employees. Philips Lighting announced a $2 million project today that will bring at least 50 jobs to the facility. The project also helps retain the 350 now employed there. Philips is creating a major manufacturing hub at its 550,000-square foot Tupelo facility, which opened in 1947 […]

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Posted in Business news, Community Development Foundation, Economic development, Employment and jobs, International, Manufacturing, National, Northeast Mississippi, Tupelo0 Comments

severstal

Severstal Columbus plant part of $2.3 billion sale

From the Associated Press: Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal […]

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Posted in Business news, Economic development, International, Manufacturing, National, Northeast Mississippi1 Comment

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