Airbus second-quarter profits rise and beat analyst forecasts

Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half. Press Release Distribution Service

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Oil gains a fifth day after U.S. stockpile drop amid rate optimism

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years. Press Release Distribution Service

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After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO

Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region’s insurance sector. Press Release Distribution Service

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Samsung says Japanese curbs cloud outlook as profit halves, shares fall

Samsung Electronics warned on Wednesday that Japanese curbs on the export of chip-making materials was blurring its outlook and said it would delay a plan to return money to shareholders due to “significant new challenges.” Press Release Distribution Service

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Consolidated Precision Products Eyes Euclid, Ohio for Manufacturing Complex

Consolidated Precision Products Corp. will open an advanced manufacturing facility in Euclid, Ohio. The expansion will result in a 135,000 square foot facility and the creation of more than 120 new manufacturing and engineering jobs. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Red Collar Pet Foods Expands Operations in Franklin, Tennessee

Pet food manufacturer Red Collar Pet Foods will invest $3.65 million to expand its headquarters operations in Franklin, Tennessee. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Emsi Expands With New Headquarters in Moscow, Idaho

Emsi, one of northern Idaho’s largest tech employers, is expanding its presence in Moscow, Idaho. The labor market analytics company will build a new 70,000-square-foot headquarters. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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MonoSol Builds Manufacturing Plant in Lebanon, Indiana

MonoSol, a division of Kuraray that creates innovative product packaging solutions, is expanding to Lebanon, Indiana. The company plans to hire 95 employees for its new manufacturing plant. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Williams Lea Expands to Columbus, Ohio Region

Williams Lea, a global provider of skilled business-critical support services to financial, legal and professional services firms, plans to expand to Columbus, Ohio. The project is expected to create 550 new jobs. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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BimmerWorld Expands Operations in Pulaski County, Virginia

BimmerWorld, a leading BMW parts supplier, will invest $1 million to expand its operation in Pulaski County, Virginia. The company will increase warehouse space to accommodate its customer service center and growing demand for parts. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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SuperATV Opens Shreveport, Louisiana, Manufacturing & Operations Campus

SuperATV opened its new 100,000-square-foot manufacturing and distribution center in Shreveport, Louisiana. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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BeijingWest Industries Opens Greenfield, Indiana, Manufacturing Complex

BeijingWest Industries, Co. Ltd., a China-based premier chassis supplier, opened the company’s new, $80 million production facility in Greenfield, Indiana. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Smithey Ironware Locates Operations & Headquarters in North Charleston, South Carolina

Smithey Ironware Company, a designer and manufacturer of premium cast iron and carbon steel cookware, will invest $2 million to expand its operations and locate its headquarters in the Navy Yard in North Charleston, South Carolina. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Beam Suntory Expands Distillery Operations in Clermont, Kentucky

Beam Suntory, a world leader in premium spirits, broke ground on the Fred B. Noe Craft Distillery in Clermont, Kentucky. The project is part of a larger $60 million investment to re-establish the James B. Beam Distilling Co. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Cree Plans $1 Billion Expansion at Durham, North Carolina, Campus

An innovator of Wolfspeed power and radio frequency semiconductors, lighting class LEDs and lighting products, Cree Inc. will invest up to $1 billion in expansion of its silicon carbide capacity with the development of a state-of-the-art, automated 200mm silicon carbide fabrication facility and a materials mega factory at its U.S. campus headquarters in Durham, North…

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CBC Group Expands Lewisburg, Tennessee, Operations

CBC Group will invest $3 million to expand its operations in Lewisburg, Tennessee. The company plans to create 60 jobs. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Knauf Insulation North America Expands Albion, Michigan, Plant

Knauf Insulation North America, Inc., a subsidiary of Germany-based Knauf Insulation GmbH, a multinational producer of building materials and construction systems, plans to expand its facility in Albion, Michigan. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Total Quality Logistics Expands Union Township, Ohio Headquarters

Total Quality Logistics will construct a second building on its headquarters campus at Ivy Pointe Boulevard in Union Township, Ohio. The facility will accommodate its continued growth in the third-party logistics industry. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Atlas Air Worldwide Holdings Relocates Operations Hub to Erlanger, Kentucky

Atlas Air Worldwide Holdings Inc. will move its operations center from Florence to Erlanger, Kentucky. The company plans to invest $34.1 million and create 593 full-time jobs. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Black’s Tire Service Expands Distribution Hub in Whiteville, North Carolina

Black’s Tire Service, Inc, a tire distributor and service company, will invest $2.7 million to expand their current distribution center in Whiteville, North Carolina. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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House of Raeford Farms Plans Simsboro, Louisiana, Feed Mill

House of Raeford Farms will invest $40.9 million in a new feed mill in Simsboro, Louisiana. Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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Merck Expands Facilities in Durham and Wilson, North Carolina

Merck, a leading global biopharmaceutical company, will invest more than $650 million and create more than 400 jobs, building a new production facility at its Maurice R. Hilleman Center for Vaccine Manufacturing in Durham and expanding its packaging Continue Reading at AreaDevelopment.com Click Here. Press Release Distribution Service

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