The manufacturing industry is in a perpetual state of change. New technologies, policies, regulations, and company initiatives keep altering the role and perception of manufacturing in America. Every day, there’s a new plant, industry acquisition, research report, or law, and staying up to date on the latest information can prove difficult. Here’s what’s happening this week, in case you missed it.
Research: Generative AI will help manufacturers unlock $10.5 billion in added revenue by 2033
New intelligence from ABI Research claims that manufacturers that invest in generative AI will see additional revenues of $4.4 billion from 2026 to 2029. By 2033.
Ingredient manufacturer spends $70 million to open facility in Missouri
The company invested $70 million to build the 38,000-square-foot facility and generated 30 new jobs.
DOE allocates $15.5 billion to help automotive manufacturers transition to electric vehicles
The program, which is part of the Investing in America agenda, includes $2 billion in grants and up to $10 billion in loans.
US Motor Works invests $19.2 million to build new facility in Missouri
The new plant will allow the company to centralize distribution, expand capabilities and shorten delivery times.
Automotive supplier to invest $72 million to build new manufacturing plant in Georgia
Production at the new facility is expected to begin in late 2024, and the plant will produce luggage boards and luggage covers.
Eaton to invest over $500 million to support manufacturing in North America
The company will spend more than $500 million to increase production on solutions for the utility, commercial, healthcare, industrial, and residential markets.
Vinyl tile manufacturer fined an additional $545,853 when 14th worker in 6 years suffers injury
NOX US was cited for three willful violations, two repeat violation, three serious and two other-than-serious violations.
Mitsubishi Logisnext Americas breaks ground on new production facility in Texas
The new plant will offer increased production capabilities for various electric warehouse products across the Jungheinrich, Cat lift trucks, Mitsubishi forklift trucks and UniCarriers Forklift product lines.
UAW members vote to authorize strikes at Ford, General Motors, and Stellantis
The current contracts with Stellantis, General Motors, and Ford expire at 11:59 p.m. on September 14, and if agreements are not reached by that date, then up to 150,000 workers could be on strike.
Test and measurement equipment manufacturer invests $2.5 million to expand operations in Virginia
The company, which produces test and measurement equipment for millimeter-wave and terahertz (THz) applications, will invest $2.5 million into the project, creating 24 new jobs.