Italy's Tretau will invest over $18 million to open its first facility outside Europe in Fort Wayne, creating at least 70 jobs. The site will produce magnet wire for the EV, renewable energy, and manufacturing sectors. The company, headquartered near Turin, aims to strengthen its presence in the United States
Spazzolplastica SpA, an Italian plastics and wire winding company, is expanding its production in the United States with a new plant in Mentor, Ohio, dedicated to the manufacture of basket spools. The investment strengthens the company's presence in North America, complementing the already operating plant in Stow, Ohio, and will create 11 new jobs. The location was chosen because of the strength…
RUPES USA, Inc, the U.S. subsidiary of the Italian company Rupes SpA founded in 1947, is opening a new facility in Solon to support growing demand for its professional polishing systems. The $15 million investment will create 53 new technical, engineering, manufacturing, logistics and customer service jobs. The new facility will strengthen production capacity, distribution and training, improving…
Italian food manufacturer Andriani has officially opened its first North American production facility, a 65,000-square-foot plant in London, Ontario. The $33-million facility will supply approximately 1,300 retailers across Canada and the U.S., marking a major step in the company’s international growth.From Italy to North AmericaHeadquartered in Puglia, Italy, Andriani produces gluten-free, high-…
Italian cable giant Prysmian is investing $500 million to expand its McKinney, Texas, operations with a 650,000-square-foot medium-voltage cable facility, creating 120 jobs and boosting U.S. energy infrastructure. The plant, expected to open in 2027, will enhance capacity to meet growing electricity demand. Prysmian acquired local firm Encore Wire for $4.1 billion in 2024. Since its founding in…
U.S. economic development strategies are moving toward sector-specific incentives, particularly in the advanced manufacturing sector. This sector integrates cutting-edge technologies such as automation and smart sensors to promote innovation, job creation and economic sustainability. Rather than using broad incentive packages, states are now tailoring their financial instruments to high-value…
Italian confectionery giant Ferrero Group has announced a major expansion of its Brantford, Ontario production facility, committing $445 million to significantly grow its operations in Canada. The investment will support the creation of 500 new jobs, bolstering Ferrero’s position as the largest private employer in the city.The project marks a significant milestone for Ferrero, as it includes the…
Nuevo León is experiencing a moment of economic expansion, consolidating its position as the national leader in job creation and foreign direct investment, among other key indicators.According to the state Ministry of Economy, the state has positioned itself as the best destination for investment, thanks to three main factors: its strategic location, highly trained human capital, and world-class…
Nuevo León is experiencing a moment of economic expansion, consolidating its position as the national leader in job creation and foreign direct investment, among other key indicators.According to the state Ministry of Economy, the state has positioned itself as the best destination for investment, thanks to three main factors: its strategic location, highly trained human capital, and world-class…
Baja California Sur's industrial activity grew 11.6% during May 2024, placing the state as the fifth fastest-growing in the country, according to the Monthly Indicator of Industrial Activity by State (IMAIEF).The increase reflects the prosperity of the manufacturing industry through various sectors such as electronics, electrical, automotive, aerospace, and logistics, as well as evidence of the…