Gov. Youngkin announces Elbit Systems of America to expand Roanoke County manufacturing facility
Read full article: Gov. Youngkin announces Elbit Systems of America to expand Roanoke County manufacturing facilityGovernor Glenn Youngkin announced Wednesday that Elbit Systems of America will expand its Roanoke County manufacturing facility. The facility, which produces low-light night vision devices for the defense industry, will undergo a historic $30 million expansion that will add 288 new jobs
Nathan Trotter to invest $65 million in first U.S. tin production facility in Henry County
Read full article: Nathan Trotter to invest $65 million in first U.S. tin production facility in Henry CountyNathan Trotter will invest about $65 million to build Tin Ridge, the nationโs first large-scale tin production and recycling facility in Henry County, Virginia.
Virginia legislators approve incentive for Lynchburg Lithium-ion manufacturing plant
Read full article: Virginia legislators approve incentive for Lynchburg Lithium-ion manufacturing plantA Virginia legislative panel has approved a state incentive package to bring a lithium-ion battery manufacturing plant to Lynchburg.
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Belvac expanding manufacturing operations into Bedford County
Read full article: Belvac expanding manufacturing operations into Bedford CountyBEDFORD COUNTY, Va. โ A Lynchburg company is expanding by investing more jobs and millions of dollars into Bedford County. Belvac plans on devoting about $3 million and 50 jobs to the region over the next five years. The can-making and printing company is expanding into a 40,000 square foot building at the New London Business and Technology Center. Jim Messier, chairman of the Bedford County Economic Development Authority, sees the opportunity as a way of increasing jobs during the pandemic. The company plans to start interior construction later this month and begin its operations this summer.
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US manufacturing improves in July, future clouded by virus
Read full article: US manufacturing improves in July, future clouded by virusThe Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. The index dipped below 50 in March, indicating a recession in manufacturing as the coronavirus pandemic shut down factories. Timothy Fiore, chair of the ISM manufacturing survey committee, said it was encouraging that positive comments from survey participants were running two to one ahead of more cautious comments. Of 18 manufacturing industries, 13 reported growth in July led by wood products and furniture and related products. We expect manufacturing to grow gradually ahead with botched management of the pandemic and ongoing virus-related uncertain set to constrain activity.
