Here is today's summary of economic development news, a free service of the Economic Development Partnership of Alabama, representing Alabama's private sector investment in economic development. If you enjoy NewsFlash, thank an
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Kaishan Group to open Alabama manufacturing facility with 62 jobs
LOXLEY, Alabama - Kaishan Group, a worldwide manufacturer of industrial air compressors, announced plans today to invest $11 million to build a new U.S. corporate headquarters and manufacturing facility in Baldwin County.
At an event Monday, the company broke ground on the new 65,000-square-foot facility, which is scheduled to be completed in the second quarter of 2019. The Loxley location will create 62 new manufacturing jobs during its first three years of operations.
"Kaishan is proud to locate its corporate headquarters to Loxley, where we can better serve the North American market with locally produced goods and services," said Keith Schumacher, CEO of
Kaishan Compressor USA.
Leonardo T-100 factory would provide massive lift for Tuskegee
July 17, 2018
The Leonardo aircraft manufacturing facility that's slated to be built in Tuskegee would have a vast economic impact across Macon County and beyond, according to key local officials supporting the project.
The global aerospace and defense firm's plans
to produce the T-100 jet trainerat Moton Field would create a ripple of new jobs and investments along the Interstate 85 corridor in eastern Alabama.
The company must first win a U.S. Air Force competition for the next-generation training aircraft, an effort that has galvanized communities across the region, said Joe Turnham, a strategic consultant for the
Macon County Economic Development Authority.
BAE Systems, the third-largest defense contractor in the world, announced plans today for a $45.5 million expansion in Huntsville including a new manufacturing and office facility in Cummings Research Park.
Huntsville-Madison County Chamber of Commerce said the expansion will eventually bring "hundreds of jobs" and be completed in 2019. The new facility will cover 83,000 square feet at the corner of Old Madison Pike and Jan Davis Drive, the company said. "It will include engineering development space, manufacturing space, and Department of Defense lab space. A 20-acre site for the building will provide expansion room for phased growth in the future," the chamber of commerce said.
The company is expanding in Huntsville to "establish a closer working relationship with its critical customers in the U.S. Army and Redstone community," the chamber said. The base in Huntsville is home to numerous Army commands.
5 ways Alabama researchers are taking on aerospace challenges
Universities across Alabama are helping to shape the future of the global aerospace industry.
From complex research projects to intensive training for future pilots and engineers, these institutions are making a significant impact on the journey to conquer skies and space.
As global aerospace industry leaders gather at the
2018 Farnborough International Airshow, it's time to take a look at five interesting projects happening inside labs and classrooms across the state:
Southern Research CEO and President Arthur J. Tipton, Ph.D., has received the
Economic Development Partnership of Alabama 2018 Lifetime Achievement in Innovation award in recognition of his notable career as a scientist and business leader in Alabama's biotech industry.
The award was presented Thursday at EDPA's imerge 2018, a celebration of the state's top innovators.
"Dr. Art Tipton is one of Alabama's leading and most respected innovators in life sciences and biotechnology research, drug discovery and pharmaceutical development," EDPA President Steve Spencer said. "Throughout his career, Dr. Tipton has been at the forefront of scientific pursuit, along with the proliferation of technology and innovation for the betterment of mankind. He holds 42 patents, is a leader of entrepreneurial renown and is richly deserving of this honor for lifetime achievement."
Carpenter Technology Announces Plans for Emerging Technology Center
By GlobeNewswire
July 16, 2018
PHILADELPHIA, July 16, 2018 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:
CRS) today announced plans for adding an Emerging Technology Center on its Athens, Alabama campus.
The facility will initially focus on Additive Manufacturing (AM) technology development, with future investments slated for soft magnetics and meltless titanium powder.
Over time, Carpenter expects to invest $52 million in the Emerging Technology Center, which will create approximately 60 jobs over the next five years. This investment is a critical component in executing Carpenter's key growth initiatives and is aligned with its business strategy of becoming a complete end-to-end solutions provider in the AM area.