Jacobs Engineering Group Inc. (NYSE: JEC) announced that it has entered into a definitive agreement to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons Limited (ASX: WOR) for $3.3 billion, consisting of $2.6 billion in cash and $700 million in WorleyParsons ordinary shares. The transaction value represents a multiple of more than 11.5…
South Carolina Life Sciences Conference Features BIO Global CEO Jim Greenwood, 50 National Speakers
BIO global CEO Jim Greenwood will join more than 50 additional national speakers at SCBIO 2018 – the annual conference bringing top leaders and executives from life sciences organizations across the state and nation to Charleston, South Carolina October 23-25. Mr. Greenwood will address the gathering with a keynote presentation entitled “Global Perspectives for Life…
Industrial Space Demand Forecast, Third Quarter 2018
Robust Economy Means Increased Industrial Demand Download the NAIOP Industrial Space Demand Forecast, Third Quarter 2018 Report. The forecast for demand for industrial space has risen because of increased expectations of broad macroeconomic growth and job generation for the remainder of 2018 and 2019. According to Dr. Hany Guirguis of Manhattan College and Dr. Joshua…
THS Constructors Completes first U.S. Production Facility for Norafins Americas
THS Constructors, Inc., one of the Southeast’s leading design-build and contracting companies, announces the completion and grand opening of a new manufacturing facility for Norafin Americas in Mills Creek, N.C. , near Asheville. The facility is Norafin’s first U.S. production plant and will provide 50 jobs in Mills River. The world class textile plant will produce…
Babcock & Wilcox Announces Agreement to Sell MEGTEC and Universal to Dürr AG
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced that it had signed a definitive agreement to sell its MEGTEC and Universal businesses to Dürr AG (“Dürr”) for $130 million, subject to adjustment. Proceeds from the transaction will largely be used to reduce outstanding balances under the Company’s bank credit facilities, improving its balance sheet and…
Teijin Breaks Ground for Carbon Fiber Facility in South Carolina
Teijin Limited announced today that they celebrated the groundbreaking of their new carbon-fiber production facility of its wholly owned subsidiary Teijin Carbon Fibers, Inc. (TCF). The ceremony was held on Friday, June 1st at TCF site located on Highway 246 South in Greenwood, South Carolina. Teijin, aiming to be an enterprise that supports the society…
Lonza Investing $46 Million in Greenwood, SC
Lonza, one of the world’s leading suppliers to the pharmaceutical, biotech and specialty ingredients markets, today announced plans to expand operations in Greenwood County. The company is investing $46 million over the next five years and is expected to generate 30 new jobs as a result. “Lonza is making a significant investment in our operations…
Electrolux Investing $500 Million in U.S. Product Innovation and Manufacturing
The Electrolux Group said today it is planning total investments of approximately $500 million in its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility….
CRG, Gramercy Property Trust Complete Greenville Bausch + Lomb Development
Gramercy Property Trust and CRG‘s build-to-suit for Bausch + Lomb in Greenville, South Carolina is now complete. Bausch + Lomb, a Valeant Pharmaceuticals International, Inc. company, took occupancy last month. CRG, Clayco, Inc.’s private real estate investment group, developed the 432,000-square-foot Class-A pharmaceutical warehouse that includes 38 foot clear height temperature controlled warehouse, ESFR sprinkler…
ISM® Reports Economic Growth To Continue In 2018
Economic growth in the United States will continue in 2018, say the nation’s purchasing and supply management executives in the December 2017 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM® Report On Business®. The manufacturing sector is optimistic about growth in…
