by - August 11, 2019 4:48 pm
ABB names Rosengren as next CEO
Björn Rosengren, has been selected as the next CEO of Zurich, Switzerland-based ABB, the parent company of ABB-Baldor in Fort Smith. Rosengren is expected to join the company Feb. 1,…
Manufacturing
by - August 8, 2019 4:03 pm
Tyson Foods unveils new manufacturing automation hub in Springdale
The digital transformation of Tyson Foods took another public step forward Thursday (Aug. 8) as the meat giant unveiled its new manufacturing automation technology center just off Emma Avenue in…
by - August 7, 2019 6:35 pm
Greenbrier Companies plans $16 million expansion, will add 35 jobs to Marmaduke facility
The Greenbrier Companies Inc., an international supplier of railcars and marine barges, announced Wednesday (Aug. 7) it’s investing about $16 million in the company’s Marmaduke facility to support future growth….
by - August 5, 2019 12:24 pm
Tyson Foods beats quarterly income estimates, year-to-date sales up 4.8%
Tyson Foods outperformed Wall Street expectations for its fiscal third quarter with net income of $676 million, or $1.84 per share, up from $541 million, or $1.47 per share, in…
by - August 1, 2019 9:54 am
Manufacturing growth slowed in July
The Purchasing Managers’ Index (PMI) fell 0.5 percentage points to 51.2% in July, and the overall economy expanded for the 123rd consecutive month, according to the Institute for Supply Management…
by - July 31, 2019 1:15 pm
Wall Street expects lower 3Q profits for Tyson Foods, but higher revenue
Tyson Foods is expected to report lower profits on Monday (Aug. 5) for the meat giant’s third-quarter ending June 30. Wall Street consensus is $1.47 per share, compared to $1.50…
by - July 30, 2019 5:08 pm
Zekelman Industries to build largest tube mill in the world in Blytheville, add 75 jobs
Zekelman Industries, the parent company of Atlas Tube, announced Tuesday (July 30) in Blytheville it will build the world’s largest continuous ERW tube mill on property adjacent to its existing…
by - July 30, 2019 7:58 am
PotlatchDeltic 2Q profits slide 63%, Arkansas timberland sold for $20 million
PotlatchDeltic Corp. on Monday (July 29) reported that second quarter profits were down 63% from a year ago, even though the Spokane, Wash.-based real estate investment trust (REIT) benefitted from…
by - July 28, 2019 2:27 pm
Honeywell acquires Springdale autopilot maker TruTrak Flight Systems
TruTrak Flight Systems, a Springdale company that makes and sells autopilot systems a variety of aircraft, has been acquired by Arizona-based Honeywell Aerospace. Financial terms of the deal were not…
by - July 26, 2019 12:41 pm
U.S. economy slows to 2.1% in second quarter, but beats expectations
The U.S. economy expanded at a faster-than-expected clip in the second quarter as real gross domestic product (GDP) grew at an annual rate of 2.1% for the three-month period that ended…
by - July 25, 2019 11:50 am
Manufactured goods orders increased 2% in June
New orders for manufactured durable goods rose 2%, or by $4.9 billion, to $246 billion in June, according to the U.S. Census Bureau. The Census Bureau announced Thursday (July 25)…
by - July 22, 2019 1:26 pm
Watchdog groups sue Tyson Foods, allege false marketing of environmental stewardship
Environmental groups Food & Water Watch and the Organic Consumer Association have sued Tyson Foods, alleging deceptive marketing and advertising. The groups say it is false for Tyson Foods to…
by - July 19, 2019 11:04 am
P&S Global Holdings to purchase NanoMech for $13 million
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 flat, manufacturing output up 0.4% in June
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
Manufacturing growth continues to moderate
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
Former NanoMech CEO responds to allegations of financial wrongdoing
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 company shows interest in NanoMech with $8 million offer
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 plans $800,000 expansion project in Rogers
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
$300 million Simmons Foods processing plant to open in October
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
NanoMech looks to expand investigation into former CEO Jim Phillips (UPDATED)
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…