Italy's ADR Axles USA Inc. subsidiary chose Perry, Iowa, for its new $14.3 million U.S. facility, drawn by the area’s quality of life, skilled workforce, and shovel-ready industrial site. The company plans to employ at least 35 people, including relocated managers, and may expand in five years. Perry’s amenities and proximity to Des Moines Area Community College, which trains students in…
Overview:On October 3, 2025, the Canadian government, through Natural Resources Canada, announced an investment of more than $22 million to support eight projects dedicated to battery innovation and manufacturing across the country . The initiative is part of the Energy Innovation program and aims to strengthen Canada's competitiveness in the battery supply chain, which is essential for electric…
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…
To support its manufacturing sector and shield local jobs from external trade pressures, the Government of Ontario has announced an expanded investment of $1.3 billion over three years into its Ontario Made Manufacturing Investment Tax Credit. The enhanced program aims to reduce costs for companies investing in buildings, machinery, and equipment for use in Ontario-based manufacturing or…
According to La Cámara Nacional el Hierro y el Acero (Canacero) Mexico ranked 15th as a world producer of crude steel in 2021 and generated 672,000 direct and indirect jobs, with an investment of $14,461 mdd in the last 10 years, that is, from 2012 to 2021.
A total of 18.5 million tons of crude steel were produced in 2021, a figure that represented a reduction of -8.3% compared to the record…
Despite the crisis generated by the COVID-19 pandemic, the shortage of components and microprocessors for vehicle production, Mexico continues to offer competitive advantages compared to other countries, in addition to being one of the main manufacturing hubs worldwide, said Francisco Bautista, Ernst & Young (EY) Latin America North Advanced Manufacturing and Mobility Lead Partner.
During…
He commented that these industries include food, commercial and metal mechanics, among others, which, if their investment in this site is completed, could create between 1,500 and 2,000 direct jobs.
He commented that there is no investment average for these industries, given that they depend on the line of business and the size that their plants require to operate, but minimally they could be…
With an investment of more than US$17 million, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new plant dedicated to the production of components for the…
Labrenta, a company from Breganze, in the province of Vicenza, specialized in closure solutions for the wine and spirits sector, closes 2021 with a total turnover of €20 million, doubling the previous year's result.
The company's growth is linked to Labrenta's success in the American and European markets, especially Mexico, United Kingdom, Central Europe and +128% of sales recorded in the United…
Querétaro, Querétaro, January 31, 2022. Marco Antonio del Prete Tercero, head of the Secretariat of Sustainable Development of Queretaro, informed during a meeting with members of the organization EO Queretaro, that Queretaro has been able to attract 4 new projects with an investment of 528 million pesos that will generate 1,470 sources of employment.
In addition to these projects already…