Manufacturing’s Post

Here are the latest key developments in the manufacturing industry: 1. Norwegian solar company NorSun is investing $620 million to establish a 5 GW silicon ingot and solar wafer manufacturing plant in Tulsa, Oklahoma, creating 320 new jobs. Construction is set to begin in late 2024, with production starting in 2026[1]. 2. Nextracker and Unimacts opened a new 160,000-square-foot manufacturing facility in Sloan, Nevada, to produce steel torque tubes for solar power plants. This expansion will support over 2 GW of new solar power annually[1]. 3. Toyota is investing $282 million in its Huntsville, Alabama engine factory, creating over 350 new jobs and introducing new drivetrain production lines[1]. 4. SPEE3D, a metal additive manufacturing company, inaugurated its first U.S.-based manufacturing facility at the University of New Hampshire, focusing on advanced printer production and tailored solutions[1]. 5. FANUC UK emphasized the need for commitment to change the UK's culture around automation at the recent Smart Factory Expo[2]. 6. The European Union's Carbon Border Adjustment Mechanism (CBAM) is integrating carbon accountability into global trade, impacting manufacturing processes[2]. 7. Private 5G networks are showing potential to significantly improve operational efficiency, productivity, and worker safety in manufacturing processes[2]. 8. The June 2024 Manufacturing Business Outlook Survey suggests mostly steady regional manufacturing activity in the Philadelphia area, with mixed indicators for current activity, new orders, and shipments[4]. These developments highlight trends in renewable energy manufacturing, automotive industry investments, additive manufacturing expansion, and ongoing challenges in automation adoption and workforce development. Sources [1] New US Manufacturing Operations Announced in June 2024 https://lnkd.in/gs3DhSu5 [2] Manufacturing news, articles and insights https://lnkd.in/ek2mhe9M [3] Quick Manufacturing News - Jun 24th, 2024 - IndustryWeek https://lnkd.in/gAbaag5s [4] June 2024 Manufacturing Business Outlook Survey https://lnkd.in/g3Pysizt [5] Manufacturing Weekly Economic Highlights | 24 June 2024 - LinkedIn https://lnkd.in/gvbxDrSx

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Here are the key developments in manufacturing news: - FANUC UK emphasized the need for commitment to change the UK's culture around automation at Smart Factory Expo[2]. - 3M is investing $67 million to expand its facility in Valley, Nebraska, creating about 40 new jobs[1][4]. - Boeing supplier Spirit AeroSystems has laid off workers due to lower deliveries[1][5]. - Honda announced plans to build an $11 billion EV hub in Canada as it accelerates its shift towards electric vehicles[1]. - General Motors (GM) CEO Mary Barra has no plans to retire soon, as the automaker continues its transformation towards EVs and innovative technologies. However, the rollback of EV incentives in the Inflation Reduction Act could benefit China, according to a GM board member[1]. - The European Union's Carbon Border Adjustment Mechanism (CBAM) aims to integrate carbon accountability into global trade[2][3]. - Private 5G networks can significantly improve operational efficiency and productivity in manufacturing processes[2]. - The Electric Revolution Skills Hub says engaging young people is essential to fill the hundreds of thousands of job openings in the UK's EV sector[2]. - SKF UK launched its SKF Maintenance Partner program in EMEA, with ERIKS as the first partner in the UK and Ireland[2]. - A new battery-powered train commenced testing in the UK, aiming to reduce the rail industry's carbon emissions[1][5]. - Stellantis is shaking up its workforce amid the electric shift, while Dodge and Ram boss Tim Kuniskis is retiring from the company[1]. - PepsiCo is expanding its use of hydrotreated vegetable oil (HVO) across its supply chain to reduce its carbon footprint[1][5]. Sources [1] Manufacturing News: Industry and Construction News - WSJ.com - WSJ https://lnkd.in/gPC6K48a [2] Manufacturing news, articles and insights https://lnkd.in/ek2mhe9M [3] Manufacturing - Forbes https://lnkd.in/gnXgNW9E [4] Latest Industry & Manufacturing News and Press Releases https://lnkd.in/gzbHWj_J [5] IndustryWeek: Home https://lnkd.in/gTbzSBft

Nearshoring to Mexico: Opportunities and Challenges As companies re-evaluate their global supply chains, Mexico is emerging as an attractive nearshoring destination. However, it's crucial to understand both the opportunities and challenges involved. 🌟 Opportunities: - Proximity and USMCA integration provide logistical advantages - Competitive labor costs and established manufacturing clusters - Tax incentives like duty-free imports for re-exports - Companies already relocating from China across sectors ⚠️ Challenges: - Rule of law concerns impacting desired investment levels - Lack of a cohesive national strategy for investment promotion - Energy transition needs to meet sustainability goals - Regulatory and operational risks to be carefully evaluated While Mexico offers compelling nearshoring prospects, realizing its full potential requires addressing rule of law issues, developing a national strategy, enabling energy transition, and creating an optimal business ecosystem. Strategic evaluation and mitigation of risks are key for companies considering shifting operations to Mexico. I'd be interested to hear your perspectives on nearshoring opportunities and challenges in Mexico or other regions. #Nearshoring #SupplyChain #Mexico #Manufacturing #Investment

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