by - July 19, 2019 11:04 am
A subsidiary of Houston-based petrochemical company Vinmar International is expected to purchase the assets of Springdale-based nanotechnology manufacturer NanoMech for $13.09 million. The subsidiary, P&S Global Holdings LLC, was approved…
by - July 18, 2019 11:17 am
Industrial production was flat in June with increases in manufacturing and mining offsetting a decline in utilities, according to the Federal Reserve. In the second quarter, industrial production fell 1.2%,…
by - July 17, 2019 10:29 am
The Purchasing Managers’ Index (PMI) fell 0.4 percentage points to 51.7% in June, and the overall economy grew for the 122nd consecutive month, according to the Institute for Supply Management…
by - July 16, 2019 7:35 pm
Jim Phillips, former chairman and CEO of Springdale-based nanotechnology manufacturer NanoMech, has filed a response to the claims of financial wrongdoing while in his role with the company. Phillips, in…
by - July 10, 2019 6:44 pm
Houston-based petrochemical company Vinmar International looks to buy the assets of Springdale-based nanotechnology company NanoMech for $8 million. Meanwhile, the New York-based lender that sought to purchase the company initially…
by - July 10, 2019 2:19 pm
Mundo-Tech, a tube bending and fabrication supplier for aerospace, defense and commercial companies, is investing $800,000 to expand its facility in Northwest Arkansas. The expansion will create seven additional technology…
by - July 2, 2019 7:44 pm
Siloam Springs-based poultry producer Simmons Foods Inc. and Affiliates plans to open an approximately $300 million chicken processing facility in western Benton County in October. Company executives Tuesday (July 2)…
by - July 1, 2019 6:50 pm
Springdale-based nanotechnology company NanoMech looks to expand an investigation into former CEO Jim Phillips and require him to turn over documents related to “various financial wrongdoings” he committed that led…
by - June 30, 2019 9:58 am
Although robots and artificial intelligence (AI) technologies have boosted global productivity and economic growth, more than 2,030 manufacturing jobs now performed by humans will be lost to innovation in the…
by - June 29, 2019 10:34 am
Aerobatic airplane manufacturer Game Composites of Bentonville recently received a production certificate from the Federal Aviation Administration (FAA), with plans to increase the production of its GB1 GameBird aerobatic airplane….
by - June 26, 2019 12:31 pm
New orders for manufactured durable goods fell 1.3%, or by $3.3 billion, to $243.4 billion in May, according to the U.S. Census Bureau. The Census Bureau announced Wednesday (June 26) the May…
by - June 26, 2019 10:18 am
Only days after Gov. Asa Hutchinson returned from a European trade mission where Lockheed Martin announced a multimillion-dollar deal to expand its operations in Camden, the Pentagon awarded the defense…
by - June 19, 2019 5:34 pm
Walmart CEO Doug McMillon told more than 500 existing and potential suppliers during Wednesday’s (June 19) Open Call he wished he could tell everyone “yes.” It’s the sixth year for…
by - June 19, 2019 5:27 pm
Walmart filed a Worker Adjustment and Retraining Notification Act (WARN) letter on Wednesday (June 19) detailing the closure of its jewelry distribution center No. 6051 (Bentonville) effective Aug. 31. The…
by - June 18, 2019 7:39 pm
Walmart hosted a prep day Tuesday (June 18) for participants for this year’s Open Call event, to be held Wednesday at its corporate headquarters in Bentonville. More than 500 businesses…
by - June 17, 2019 12:53 pm
U.S. Labor Secretary Alexander Acosta told more than 100 state and local officials in Little Rock on Monday (June 17) that congressional approval of the Trump administration’s U.S.-Mexico-Canada Trade pact…
by - June 17, 2019 12:24 pm
Fort Smith Public School students are getting right to the nuts and bolts of things during a recent weeklong camp taking a look at advanced manufacturing. Thanks to a grant…
by - June 17, 2019 8:29 am
Lockheed Martin announced a $142 million expansion investment in its Camden, Ark. facilities that will add another 326 new workers to the complex. Currently, Lockheed Martin employs around 700 workers…
by - June 14, 2019 12:45 pm
The combined value of distributive trade sales and manufacturers’ shipments fell 0.2% to $1.46 trillion in April, from March, according to the U.S. Census Bureau. The combined value rose 2.8%…
by - June 10, 2019 2:11 pm
Simmons Pet Food Inc., a company of Siloam Springs-based Simmons Foods Inc. and Affiliates, recently opened a $60 million Flexible Packaging Facility in Emporia, Kan. The 208,000-square-foot plant is expected…
