by - November 25, 2019 5:29 pm
Major layoff at Tenaris manufacturer
About 100 workers have been told they will be laid off at the Tenaris manufacturing facility in Hickman, on the edge of Mississippi County. A timetable for the layoffs was…
Manufacturing
by - November 25, 2019 12:52 pm
Radius Aerospace begins $24 million project to expand titanium components plant
Hot Springs-based manufacturer Radius Aerospace, formerly a Triumph Group Division, broke ground Monday (Nov. 25) on a $24 million expansion of its titanium components plant and will add 65 employees…
by - November 19, 2019 10:08 am
Hot Springs aerospace firm acquires UK operations
Hot Springs-based Radius Aerospace, Inc. announced it has acquired Doncasters Group Limited’s Aerospace Forming and Fabricating Business in Sheffield and Shrewsbury, located in the United Kingdom. The new division will…
by - November 18, 2019 10:32 am
Industrial production fell 0.8% in October
Industrial production and manufacturing production decreased by 0.8% and 0.6%, respectively, in October, from September, according to the Federal Reserve. Much of the decline can be attributed to the 7.1%…
by - November 12, 2019 12:12 pm
Record sales posted by Tyson Foods, but net income down 33%
Springdale-based Tyson Foods posted record sales of $42.405 billion in fiscal year 2019, up 5.87% from the prior year. But net income fell $1 billion short of last year at…
by - November 12, 2019 11:32 am
Company expanding Eudora distribution center with $10 million in upgrades, 125 new jobs
Superior Group of Companies announced a “significant” expansion and upgrades to its Eudora, Ark., distribution center. The company will invest $10 million in the next three years and add 125…
by - November 11, 2019 2:51 pm
Big River Steel closes deal with U.S. Steel, values Osceola mill at $2.3 billion
Privately held Big River Steel in Northeast Arkansas has closed on its deal announced last month to make United States Steel Corp. a minority stakeholder of the company’s scrap recycling…
by - November 9, 2019 10:50 am
Fourth-quarter net income expected to be lower at Tyson Foods, revenue higher
Tyson Foods will report fiscal 2019 earnings on Tuesday (Nov. 12) and the fourth quarter results ending Sept. 30. Wall Street expects per share net income of $1.29 per for…
by - November 8, 2019 11:13 am
Then & Now: Misty Orpin promotes Black Apple cider brand
Editor’s Note: The following story appeared in the Oct. 28 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business…
by - November 8, 2019 9:23 am
Family-owned Purkeys in Lowell sold to California’s Mission Critical Electronics
Mission Critical Electronics (MCE), a California company that makes electronic power products, has acquired Lowell-based electrical products manufacturer Purkeys Fleet Electric. Financial terms of the deal were not disclosed. Purkeys…
by - November 7, 2019 7:22 pm
Business coalition says trade war could cost Arkansas nearly 20,000 jobs; Gov. Hutchinson responds
As Gov. Asa Hutchinson wraps up his fourth Far East trade mission, a new report released Wednesday (Nov. 6) by a coalition of U.S. trade groups says the ongoing trade…
by - November 7, 2019 8:17 am
Pakko previews forecast, says manufacturing jobs growing faster than others
Manufacturing employment in Arkansas has been growing faster than in the rest of the economy the past 18-20 months, while overall job growth has occurred mostly in Northwest Arkansas, central…
by - November 6, 2019 2:25 pm
State Chamber crowd primed for changing workforce, industry landscape
“The world is changing too fast.” That’s one of a litany of concerns that Ted Abernathy outlined for about 600 statewide business leaders on Wednesday (Nov. 6) at the Arkansas…
by - November 6, 2019 11:19 am
Ball Metalpack to close Springdale plant, lay off 76 workers
Steel can manufacturer Ball Metalpack plans to close its Springdale plant and cut 76 full-time positions there by the end of the second quarter of 2020. The company will gradually…
by - November 1, 2019 1:29 pm
Manufacturing sector contracted at a slower rate in October
The Purchasing Managers’ Index (PMI) rose 0.5 percentage points to 48.3% in October, from 47.8% in September, as economic activity in the manufacturing sector contracted for the third consecutive month…
by - October 30, 2019 11:42 am
Injection molding manufacturer creating 90 jobs in Little Rock port
HMS Mfg. Co. announced plans Wednesday (Oct. 30) to open a new 550,000 sq. ft. injection molding facility in the Port of Little Rock. HMS Mfg. Co. expects to create…
by - October 29, 2019 4:32 pm
Glatfelter income tops $12.2 million in the third quarter, revenue up 10.8%
Glatfelter on Tuesday (Oct. 29) reported third quarter revenue was up more than 10%. The company, which operates a manufacturing facility in Fort Smith, also reported earnings per share of…
by - October 29, 2019 12:43 pm
PotlatchDeltic 3Q profits dive 66% as up-and-down lumber prices spook industry
PotlatchDeltic Corp. on Monday beat Wall Street expectations for the third quarter, but volatile lumber prices kept profits well below year ago results for the Spokane, Wash.-based real estate investment…
by - October 28, 2019 3:36 pm
Tyson Foods shares rally more than 4% on news China could lift U.S. poultry ban
Shares of Tyson Foods rose 4.59% on Monday (Oct. 28) as analysts expect chicken processors will benefit on news that China could soon lift a ban on U.S. poultry that…
by - October 25, 2019 5:03 pm
Nucor opens new $230 million cold mill in Hickman
Cool temperatures and drizzle greeted guests that gathered in Hickman Friday (Oct. 25) as Nucor unveiled its new $230 million specialty cold mill complex. Mississippi County has long been touted…