Manufacturing News

Triad fibers maker to introduce new sustainable products
Greensboro-based Unifi Inc. (NYSE: UFI), one of the world's leading makers of recycled and synthetic yarns, will introduce a new product and a product expansion at the Outdoor + Snow Show Jan. 29-31 in Denver. As the company continues to work to meet sustainability and performance demands, Unifi will unveil its REPREVE cationic-dyeable polyester and its expanded REPREVE Our Ocean products.  Unifi makes heather yarns from recycled materials. Its REPREVE cationic-dyeable delivers heathers and solids…
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MTI backs cryptocurrency startup, forms new subsidiary
MTI — an Albany maker of sensors and gauges that was founded in 1961 by former General Electric scientists — has overhauled its balance sheet and improved operations over the past six years. Now it's looking for growth in the volatile world of cryptocurrency.
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Honeywell’s West Valley facility to make parts for NASA’s Artemis missions
Lockheed Martin has awarded a contract to Honeywell International Inc. (NYSE: HON), a North Carolina-based conglomerate that produces consumer and commercial products, to support production of NASA’s Orion spacecraft fleet. Terms of the contract were not disclosed. The fleet will be part of the upcoming Artemis missions, which will bring humans back to the moon for the first time since the Apollo program ended in 1972. The contract to supply key components will be managed and performed out of…
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Fiat Chrysler may make electric cars in China with Foxconn
Fiat Chrysler Automobiles said it's in talks with Foxconn in a plan that would build electric cars in China. The automaker (NYSE: FCAU) confirmed in a Friday statement that it's talking with the Taiwanese company about creating an "equal joint venture" to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business. "The proposed cooperation, initially focused on the Chinese market, would enable the parties to bring together the…
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Orlando Economic Partnership seeks state money for cash-strapped Bridg
A local high-tech manufacturer is turning to state funding as a way to alleviate a cash shortage. The public/private economic development group Orlando Economic Partnership's list of priorities for the 2020 legislative session, which started on Jan. 14, includes securing state funding for Kissimmee-based Bridg. It’s unclear how much money the Orlando Economic Partnership is seeking. Neither Bridg nor the Orlando Economic Partnership executives could be reached for comment.   Bridg, a nonprofit…
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Shares of Bombardier sink as it slashes earnings outlook and evaluates A220 future
Shares of Canadian maker of planes and trains Bombardier Inc. cratered on Thursday after the company slashed its profit outlook and warned that increasing costs might force it out of its partnership on the Airbus A220 commercial jet.  Bombardier said in a press release announcing preliminary fourth-quarter and full-year 2019 results that it now expects earnings before interest and taxes of $400 million, down from a previous forecast of between $700 million and $800 million.  The company, which…
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