International Race for Lithium Heats Up as Auto Giants Invest in Mining Space
An international scramble for lithium is fully underway, with some of the world’s largest automakers now jockeying for position in the mining space to secure supplies for the battery metal moving forward. The latest to throw its hat in the lithium ring is General Motors Company (NYSE:GM), which announced a $650 million equity investment in Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) in connection…
Albemarle Corporation Announces New U.S. Lithium Mega-Flex Processing Facility in South Carolina
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina. Plans for the facility include an initial investment of at least $1.3 billion to help meet the surging demand for domestic and international electric vehicles…
Cirba Solutions to Build World-Class EV Battery Materials Facility in South Carolina
Cirba Solutions, the most trusted and comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, announced today a phase I investment of more than $300 million into a world-class, lithium-ion electric vehicle (EV) battery recycling flagship facility in South Carolina. With over 30 years of experience, Cirba Solutions has paved the way for a sustainable…
A M King Wins ABC National Excellence in Construction Award for Mission Produce’s Ripening and Processing Facility
A M King, a leading integrated Design-Build firm with offices in Charlotte, NC, Greenville, SC, and Chicago, IL, was recognized nationally by the Associated Builders and Contractors (ABC) for the company’s exemplary project delivery of a new 275,000-square-foot avocado ripening and processing facility for Mission Produce, Inc. in Laredo, Texas. A M King took second…
Q&A on the Industrial Real Estate Market with Agracel’s Jason Vaughn, P.E.
What is your outlook on the market in the next 12 months? As for the industrial real estate market (IREM), it has performed very well over the past few years and will continue to do so in 2023, just at a slower pace – not quite a tortoise’s pace, but not a hare’s pace either. …
NAOIP Industrial Space Demand Forecast: Outlook Bright
The outlook for the industrial real estate market remains bright, despite rising interest rates and the growth of new space being developed, according to the latest NAIOP Industrial Space Demand Forecast, released today. Low vacancy rates will continue to support growth in rents and property values. The current forecast has been revised upward from August…
Boom Supersonic Begins Construction on Overture Superfactory
Boom is joined by North Carolina Governor Roy Cooper and Senate Leader Phil Berger at groundbreaking event in Greensboro, NC Boom Supersonic, the company building the world’s fastest airliner, kicked off construction of its Overture Superfactory today in Greensboro, North Carolina. The Overture Superfactory is a state-of-the-art manufacturing facility located on a 62-acre campus at the Piedmont Triad International Airport. This site will…
Lilly Plans to Invest an Additional $450 Million at Research Triangle Park, NC Site
Eli Lilly and Company (NYSE: LLY) today announced plans to invest an additional $450 million and create at least 100 new jobs to expand its manufacturing capacity at the company’s Research Triangle Park facility. The expansion includes additional parenteral filling, device assembly and packaging capacity to support an increased demand for Lilly’s incretin products that treat diabetes. “As we move…
Alcami Builds cGMP Biostorage Facility in North Carolina
Alcami, a leading contract development and manufacturing organization (CDMO), today announced that the build-out is underway of a new 65,000-square-foot cGMP biostorage facility. Located near the RTP corridor in North Carolina, this new facility will leverage Alcami’s Masy division’s industry-leading biostorage systems and processes and feature high levels of redundancy to ensure the protection of customer-owned…
Ziehl-Abegg Invests $100 Million in North Carolina
Ziehl-Abegg, Inc., a manufacturer of commercial ventilation systems, will create 189 new jobs in Forsyth County. The company says it will invest more than $100 million to expand its operations and relocate its North American headquarters to Winston-Salem. “I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County,” said Governor Cooper….
