Manufacturing

Walmart to open its first beef packaging facility in Kansas

Walmart is a huge buyer of case-ready beef to sell in its 4,700 U.S. stores. In recent years the retail giant has focused on improving the quality of its beef…

Gov. Sanders to attend aerospace and defense trade forum in Paris

Gov. Sarah Sanders said Wednesday (June 14) she would travel to Europe for the Paris Air Show next week in an effort to recruit more aerospace and defense business to…

U.S. Steel releases ESG report; highlights steel made at Big River Steel

United States Steel Corporation on Tuesday (June 13) issued its 2022 Environmental, Social and Governance (ESG) Report titled, “Essential for our Future,” reaffirming its commitment to sustainable steelmaking and a…

Manufacturing activity fell in May; uncertainty persists

Economic activity in the manufacturing sector moderated from April to May as uncertainty remains on when growth will return, according to the Institute for Supply Management (ISM). May was the…

With $216 million coming from DOD, Aerojet Rocketdyne adding jobs in Camden

Aerojet Rocketdyne, which is producing rocket motors used in weapons provided to Ukraine, will be expanding its workforce in Camden by a couple of hundred jobs and will be receiving…

U.S. Steel acquires $240 million in green bonds for second Big River Steel facility

U.S. Steel has closed on $240 million in unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. The Green Bonds, issued through Arkansas Development…

Fayetteville clothing retailer displays Janus motorcycle

Shoppers at upscale men’s clothing retailer Walker Brothers in Fayetteville may have noticed a recent addition on the showroom floor. Only you don’t wear it — you ride it. Walker…

Upgrade costs curtail Westrock Coffee Q1 profitability

One-time, long-term investments in newly acquired assets turned Westrock Coffee’s first quarter profit potential into a $4.3 million net loss. The Little Rock-based integrated coffee, tea, flavors, extracts, and ingredients…

Tyson Foods’ share price falls to 3-year low; market cap down more than $12 billion

Owning Tyson Foods has, in recent months, been a hard ride. The company’s share price has plummeted more than 46% in the past year. Since January, Tyson’s market cap –…

‘Aromatic’ rice on the rise as demand for non-alcoholic beer grows

Demand for non-alcoholic beer is rapidly expanding and it has spurred new research using Arkansas-grown aromatic rice to expand flavor profiles of non-alcoholic beer, a category that has grown beyond…

Tyson Foods posts $97 million quarterly loss, reduces earnings guidance

Tyson Foods reported a second fiscal quarter net income loss of $97 million on Monday (May 8), a wide swing from net income of $829 million in the same quarter…

Tyson Foods expected to report 65% earnings decline

Springdale-based Tyson Foods is expected to report a 65% decline in net earnings per share for the second quarter ending March 31. The consensus estimate is $285.68 million in net…

Federal grant to study automation, safety at chicken processing plants

Arkansas is one of the top broiler (chicken) producers in the country and new challenges such as automation, efficiency and pathogen detection will be key issues as the decade continues…

ABB provides UAFS $1 million to create advanced workforce training program

ABB announced Tuesday (May 2) it will invest $1 million with the University of Arkansas at Fort Smith (UAFS) to help the university use post-secondary education programs to create a…

Manufacturing activity declines in April

Economic activity in the manufacturing sector contracted in April, but the activity improved narrowly from March to April, according to the Institute for Supply Management (ISM). Still, April was the…

Tyson Foods to cut hundreds of corporate jobs

Tyson Foods is cutting 10% of its corporate headquarters jobs and 15% of senior leadership jobs, according to an internal memo from CEO Donnie King on Wednesday (April 26). As…

Cypress Cold Storage building Springdale warehouse, adding 50 jobs

Cypress Cold Storage, a provider of temperature-controlled warehouse space and value-added services for the food sector, broke ground Monday (April 24) on a new 207,285 sq. ft. cold storage facility…

Structurlam files for bankruptcy with plans to sell company; owes Walmart $34M

Structurlam Mass Timber Corp., a Canadian mass timber manufacturer with holdings in Arkansas, announced Monday (April 24) plans to sell the company and file for Chapter 11 bankruptcy. According to…

Fertilizer, iron and steel help push Arkansas River tonnage higher in the first quarter

A 31% gain in inbound traffic pushed Arkansas River tonnage to 3.076 million tons in the first quarter of 2023, up 13.6% compared with the same period in 2022, according…

Mississippi County home to hot steel and a cold war

For more than three generations, agriculture reigned as the supreme economic driver in Mississippi County. Soybeans, corn and most importantly, cotton were grown in the county’s fertile soil. The county…

Oklahoma court ruling threatens poultry industry in Arkansas

GDP up 4.3% in the third quarter, consumer confidence declines

St. Bernards to expand Maternal Life360 HOME program into Greene County

Then and Now: Cooperative business model a good fit for Mitchell Johnson