Loop Linen Service, a fourth-generation family-owned textile rental company, plans to invest $15 million to build a new 55,000-square-foot commercial laundry facility in Jefferson Parish. The company, founded in 1929, offers rental textiles for the food and beverage and hospitality industries. The new facility will retain all 125 current jobs and is expected to result in 48 new indirect jobs. [bf33b383]
U.S. textile giant Charles Komar & Sons plans to invest $25 million to establish an apparel factory in Togo. The factory will be operated by its Sri Lankan subsidiary, Star Garments Group, and will produce ready-to-wear garments for export. The project is expected to create 2,000 formal manufacturing jobs, mainly for women, and generate additional indirect employment opportunities. [7a0238b2]
Infinity Valve & Supply, a subsidiary of Infinity Operators, LLC, is investing $1.1 million to increase production capacity of its air compression division in Lafayette Parish, Louisiana. The expansion is expected to create 68 direct new jobs and 145 indirect new jobs in the Acadiana Region. The company aims to provide oil and gas companies with a more environmentally friendly alternative to current practices. [19eb2cf6]
Smurfit Kappa, a global leader in paper-based packaging solutions, is expanding its presence in the US by establishing its first operation in South Carolina's Anderson County. The $68 million investment will create 200 new jobs. Smurfit Kappa has over 350 production sites in 36 countries and designs, manufactures, and supplies paper-based packaging products. South Carolina's skilled workforce and pro-business economic climate were key factors in the company's decision to choose the state for its new facility. The project is expected to have a positive impact on the economy of Anderson County. [bf33b383]
State-owned steel maker SAIL is working on plans to expand its installed capacity by 15 million tonnes in the first phase. The company will not only increase its steel-making capacity but also develop logistics infrastructure. Funding for the expansion will come from a mix of internal accruals and the market. [206f1d88]
GHCL Textiles Ltd, a manufacturer of yarns, has committed to investing Rs 535 crore in Tamil Nadu for capacity expansion and renewable energy projects. The company recently signed a memorandum of understanding with the government at the Global Investors Meet, bringing the total investments to Rs 1,035 crore. The investments will be used for capacity and product basket expansions, vertical integration of textile manufacturing, and enhancement of the green energy portfolio. The renewable energy capacity will increase to 75MW with the new investments. GHCL Textiles Director R S Jalan expressed the company's commitment to deliver value and contribute to the growth of the state and India. [c24d1483]
The Mitchell Area Development Corporation plans to invest over $3 million to create an industrial park in Mitchell, South Dakota. The park has already attracted a distribution center prospect, and the project is estimated to cost $3.1 million, including infrastructure costs and land purchase. The industrial park will cover approximately 20 acres and will offer eight lots for purchase. The Mitchell Area Development Corporation has applied for a $2 million USDA rural economic loan to fund the infrastructure portion of the project. The project is expected to begin in the spring pending the outcome of the grant. The goal of the project is to diversify Mitchell's economy and attract new businesses to the area. [e76c7ccb]
The US National Science Foundation (NSF) will establish the Sustainable Textiles Innovation Engine at North Carolina State University with an initial funding of $15 million for two years and a total investment of up to $160 million over the following 10 years. The engine will focus on advancing the recycling of waste materials into new fibers for the textile sector. This initiative is part of President Biden's 'Investing in America' agenda. [1be900b0]
An industrial park called the Smart Tech Industry Industrial Park will be built in the Poltava Region of Ukraine with at least $27 million in investment. The park will cover an area of more than 13 hectares in the Lubensky district of the Poltava region. It will include an enterprise for the deep processing of corn grain, producing food products, flour-milling and grain industry products, and ready-made animal feed. The park will also have facilities for producing finished metal products, sawmills, and planning production. A thermal power plant with a total capacity of three MW will be built to supply energy to the park's production facilities. American investors plan to invest $7 million in the development of the park's infrastructure and $20 million in the construction of the park's facilities. The park is expected to create about 350 new jobs in the processing industry. [7f87b4a1]
The U.S. Department of Commerce has awarded a $2 million grant to the city of Newport in Arkansas to support business growth and job creation. The grant will be used for a building renovation project that will create 14,500 square feet of new office space. The investment will be matched with $500,000 in local funds and is expected to create 100 jobs and generate $900,000 in private investment. The project is part of President Biden's Investing in America agenda and aims to attract new businesses, spur private investment, and create more jobs in the region. The grant was announced by U.S. Secretary of Commerce Gina Raimondo and Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. The project is funded under the Disaster Relief Supplemental Appropriations Act, 2023. The grant was made possible by the regional planning efforts led by the White River Planning and Development District, Inc. [d0d0b038]
Oregon State University's Global Hemp Innovation Center has received a $10 million grant from the U.S. Department of Agriculture's National Institute of Food and Agriculture to collaborate with 13 Native American Tribes on hemp economic development. The project aims to develop sustainable supply chains for hemp products and create educational and workforce development opportunities for Native American students and adults. The grant builds on a previous $10 million grant received in 2021 and supports the goals outlined in the Hemp Research Needs Roadmap. The project will focus on creating a Native American-led intertribal biomanufacturing consortium, providing education and engagement opportunities for tribal communities, establishing sustainable manufacturing pipelines for hemp-based materials, and optimizing the quality of materials and biomanufacturing efficiencies through breeding, production, harvest, and processing systems. Oregon State is partnering with 13 Tribal nations, three other western U.S. land grant universities, and various organizations and businesses in the hemp and bio-based product industries. The grant builds on a 2022 White House executive order focused on biobased manufacturing. [9401d7ef]
A local nonprofit and military service members have collaborated to build a home for the family of a Navajo WWII veteran. Richard Malone, a Navajo Nation member who served in the military from 1942-1945, was awarded the home in 2017 by the Southwest Indian Foundation Housing Project. The project, in collaboration with the Air Force and Navy, aims to provide trade skills training to military personnel while assisting the community. The organization has built nearly 250 homes for the Navajo Nation since its inception in 1998. Richard Malone passed away in 2018, and the home was passed on to his son, Alvin Malone. The home is expected to be completed by the end of the month. [9a2976d0]