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Tag Archives: manufacturing

Navistar Defense buys West Point Assembly Plant

By DENNIS SEID / Daily Journal Navistar Defense on Monday said it had acquired its assembly plant in West Point for an undisclosed amount. The company has leased the facility from Babcock and Wilcox since 2006. “The purchase of the assembly plant is a part of our strategic plan to grow our business,” said Ted Wright, Navistar Defense chief executive ...

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Navistar Defense lands $24.5M contract to build medium tactical vehicles

By DENNIS SEID / Daily Journal Navistar Defense has been awarded a $24.5 million contract to provide medium tactical vehicles to foreign military sales customers worldwide, except for Iraq. Work will be done at the company’s assembly plant in West Point, with deliveries starting in 180 days after receipt of each delivery order. The three-year requirements contract, awarded by the ...

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Japanese regulators recommend $22 million fine on Nissan

Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to the government’s Financial Services Agency over disclosure documents from 2014 through 2017. Nissan Motor Co. said it accepted the penalty and ...

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UPDATE — Ashley Furniture invests $25 million, will add 100 jobs at Ecru

By JACK WEATHERLY Ashley Furniture is expanding operations at its stationary upholstery manufacturing and regional distribution center in Ecru. The project is a $25 million corporate investment and will create 100 jobs. “Northeast Mississippi’s furniture industry is a strong economic driver throughout the region, employing thousands of Mississippians – many of whom are employed at Ashley Furniture,” Gov. Phil Bryant ...

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Nissan cites progress in getting rid of showroom freebies

Carmaker insists it U.S. layoffs over ‘for now’ By TED CARTER Major Mississippi employer Nissan Motor Co. has decided its best bet for a U.S. recovery after a pair of awful quarters is not to sell more cars but to make more money from each car sold. Forget “market share” for now, said Nissan global controller and CFO-designate Stephen Ma, ...

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Youth a plus for Nissan’s Canton plant with high-tech transformation looming

Automotive expert says plant offers much-needed flexibility By TED CARTER The relatively young age of Nissan’s 16-year-old Canton assembly plant could help insulate it from company plans to cut global manufacturing capacity by 10 percent by spring 2022. The planned capacity reductions coincide with a collapse in operating profits halfway through Nissan’s fiscal year. Some of the blame for the ...

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Trump to tariff steel and aluminum from Argentina and Brazil

President Donald Trump on Monday accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate. Trump also called on America’s central bank to take action to prevent other countries from devaluing their currencies. Both South American nations were among a group of U.S. allies that Trump ...

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MORE HUGGIES — Kimberly-Clark to expand capacity at its Corinth nonwovens facility

Kimberly-Clark Corporation has approved an investment to expand capacity and bring new nonwovens capability to its Corinth, Mississippi manufacturing facility to support Kimberly-Clark’s continued personal care category growth in North America. “The Corinth team is excited about the role we will play in bringing innovations to life and supporting Kimberly-Clark’s future in the region,” said Vince Overholt, Facility Manager for ...

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Award-winning collaboration: ICC nationally recognized for manufacturing camp

By DENNIS SEID / Daily Journal For the past 11 years, Bryan Hawkins has opened the doors of his company to students and teachers so he can share his knowledge and passion for manufacturing. The effort has been highlighted by the Tek2Go Advanced Manufacturing Camps, spearheaded by Itawamba Community College, working together with the Community Development Foundation and Hawkins’ company, ...

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Continental celebrates completion of plant

Continental AG tires rolled out one of its first tires made at its plant near Clinton on Wednesday and the Germany-based company rolled out the red carpet for state and local officials and selected guests to celebrate the completion of the construction of the facility. The construction process began in 2016. Approximately 300 guests joined 250 Continental employees for the ...

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