Lockheed Martin, a leading government contractor, announced that it will build its new F-16 production line in Greenville, SC. The company relocated equipment from its facility in Fort Worth, TX to Greenville. “This is an exciting time as we celebrate another important milestone for the F-16 ‒ the world’s most successful, combat-proven 4th generation fighter,”…
Lookheed Martin to Build F-16 in South Carolina
NC Pet Food Manufacturer Announces $55 Million Expansion
Chewy, an online pet supply retailer, has selected Rowan County for its new fulfillment center, creating 1,200 new jobs and investing $55 million, Governor Roy Cooper announced today. The company will locate in Salisbury, N.C. “Chewy selected North Carolina because from our infrastructure to our workforce, we have everything businesses need to succeed,” Gov….
Plastics Manufacturer Announces NC Expansion
Superior Plastics Extrusion Company, Inc., known as Impact Plastics, will expand its manufacturing operations in Richmond County and create 13 jobs, Governor Roy Cooper announced today. The company will invest $5.3 million in Hamlet. “This announcement is just the latest example of a manufacturer finding success in North Carolina and deciding to expand their footprint…
German Pharmaceutical Company Completes $100 million Expansion in Wilson, NC
Fresenius Kabi, a global health care company based in Germany, hosted a topping off ceremony last week to celebrate the $100 million expansion of its pharmaceutical manufacturing campus in Wilson, North Carolina. The topping off ceremony was a traditional celebration of construction projects upon the installation of the topmost structural member – in this case,…
Industrial Demand to Remain Level as Economy Steadies
According to the NAIOP Industrial Space Demand Forecast, First Quarter 2019 the forecast for net industrial space demand will remain steady in 2019 at approximately 57 million square feet per quarter for 2019. Dr. Hany Guirguis of Manhattan College and Dr. Joshua Harris of New York University report that industrial demand will be off to…
Jacobs to Sell Energy, Chemicals and Resources Business to WorleyParsons for $3.3 Billion
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…
