Archive for the ‘MANUFACTURING/PRIVATE COMPANIES – Market Sector’ Category

Severstal completes the sale of Columbus plant to Steel Dynamics

COLUMBUS — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed yesterday the sale of Severstal Columbus, LLC, which is located in northeast Mississippi, to Steel Dynamics Inc. and Severstal Dearborn, LLC to […] [...]

House votes for transfer of Yellow Creek Port land to state

IUKA — The House of Representatives has passed by voice vote H.R. 3044, which approves the transfer of Yellow Creek Port properties in Iuka. Located on the Tennessee-Tombigbee Waterway, the Yellow Creek Port was developed for economic development purposes by the Tennessee Valley Authority (TVA) in cooperation with the state of Mississippi. “Manufacturing remains one […] [...]

Northrop Grumman lands $354M Air Force contract for Global Hawks

MOSS POINT  — The U.S. Air Force has awarded Northrop Grumman Corporation a $354 million primarily firm-fixed-price contract to expand their RQ-4 Global Hawk unmanned aircraft system (UAS) fleet by three aircraft. Global Hawk operates multiple sensors simultaneously to gather intelligence, surveillance and reconnaissance (ISR) data. The new aircraft are Multi-INT models that carry sophisticated […] [...]

Ingalls to celebrate completion of Coast Guard cutter

PASCAGOULA — Ingalls Shipbuilding will deliver its fourth national security cutter to the Coast Guard tomorrow. The 10 a.m. ceremony for the cutter Hamilton will take place aboard the vessel. Participants will include Ingalls Shipbuilding President Brian Cuccias, Coast Guard Assistant Commandant Rear Adm. Bruce Baffer and Capt. Douglas Fears, the Hamilton’s prospective commanding officer. […] [...]

EDA awards grant for water infrastructure improvements at industrial park

HOUSTON — The city of Houston has been awarded a federal grant that will support extensive water system infrastructure upgrades at its industrial park. The Economic Development Administration (EDA) has approved a $1.47 million investment grant to help construct a new water system to serve current and future tenants at Houston’s industrial park. The funding […] [...]

GreenTech completes construction of Delta electric car plant

TUNICA — GreenTech Automotive (GTA), a U.S. automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles, has completed construction on its new production facility in Tunica “GTA has made significant progress toward our engineering, production, hiring and industry partnership goals in recent months,” said Charles Wang, chairman and CEO of GTA. “We’re eager […] [...]

Mississippi Polymer Institute lends assistance to seven manufacturers

HATTIESBURG — The Mississippi Polymer Institute provided technical assistance to seven Mississippi-based manufacturing companies yielding over $4 million in direct financial impact and resulting in the creation of 36 new jobs in Mississippi, according to data compiled by InnovateMEP Mississippi. The analysis included third-party national surveys of manufacturers by NIST Manufacturing Extension Partnership for survey […] [...]

Manufacturing index shows stronger August for goods-makers

KENNESAW, Ga. — Southeast manufacturing activity saw a rebound in August, reversing an 8.5-point slide in June and July, according to the Southeast’s Purchasing Managers Index (PMI) report released by Kennesaw State University’s Econometric Center in the Michael J. Coles College of Business. The Southeast PMI for August increased 5.6 points to 56.7, moving it […] [...]

Former MDA employee, Jay McCarthy, returns as CFO

by Published: September 5,2014

Tags: Business, economic development, FOCUS, MDA, Mississippi

With 30 years experience in finance, banking and economic development, Jay McCarthy is prepared for his new position as chief financial officer for the Mississippi Development Authority. His experience has included previous stints with MDA along with work in the private sector. As chief financial officer, he oversees MDA’s Financial Resources and Accounting and Finance […] [...]

Navistar lands Army contract to rework Maxx Pro Dash vehicles

WEST POINT — The Navistar Defense plant at West Point is upgrading MRAP (Mine Resistant Ambush Protected) vehicles as part of a $38.4 million contract awarded by the U.S. Army, according to U.S. Senator Thad Cochran (R-Miss.). This phase of the “vehicle reset” contract would entail the replacement of mandatory parts and repairs to MRAP […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments