Archive | Manufacturing

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Villa International adding 75 jobs in Belmont

The Mississippi Development Authority announced that Villa International, a manufacturer of luxury furniture for motorhomes, announces the company is locating operations in the former Falcon Products facility in Belmont, in Tishomingo County. The project represents a $250,000 corporate investment and will create 75 jobs over a five year period. “I am proud to welcome Villa International […]

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Posted in Business news, Economic development, Employment and jobs, Manufacturing, National, New business, Northeast Mississippi0 Comments

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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

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

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NAM study: Federal regulations cost economy $2 trillion

According to a study by the National Association of Manufacturers, complying with federal regulations costs Americans $2.028 trillion in lost economic growth annually, or about 12 percent of total GDP that could be invested back into the nation’s businesses.  More from NAM: The study, conducted by economists Nicole V. and W. Mark Crain, concluded that manufacturing […]

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Posted in Business news, Economic development, Manufacturing, National0 Comments

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Newport Home furnishings expanding in New Albany

Upholstered furniture manufacturer Newport Home Furnishings in New Albany is expanding its operations and adding 45 new jobs, the company announced today through the Mississippi Development Authority. Newport was founded in 2013 and builds stationary and motion sofas, loveseats, chairs, and recliners. According to MDA, the project represents a corporate investment of $270,000. The MDA provided assistance in support […]

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Posted in Business news, Economic development, Employment and jobs, Furniture, Manufacturing, New Albany, Northeast Mississippi0 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

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KeyTronic acquires Ayrshire Electronics for $46.9M

Spokane, Washington-based Key Tronic Corp. closed on a deal to buy CDR Manufacturing, otherwise known as Ayrshire Electronics, for $46.9 million in cash. Ayrshire has a manufacturing facility in Corinth, which is unaffected by the move. The facility employs 186 people. “Ayrshire Electronics has been a great partner and growing employer in Corinth,” said Gary […]

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Posted in Business news, Corinth, Economic development, Employment and jobs, Manufacturing, Mergers & acquisitions, National, Northeast Mississippi1 Comment

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