Estimates from FEDERUNACOMA and Comacomp indicate turnover increases of more than 20% for 70% of manufacturers in 2021. Positive indicators also for the first half of 2022, and good future prospects due to electronic technologies, which are becoming increasingly important in the sector and are pushing agricultural mechanics towards the digital transition by the editorial staff…
An Italian life sciences company is planning to establish its new U.S. hub in central Indiana. Stevanato Group says it will invest up to $145 million to build and equip a 370,000-square-foot manufacturing facility in Fishers and create more than 230 jobs by the end of 2025.
The company, which provides drug containment, drug delivery and diagnostic services for the pharmaceutical, biotechnology…
Lavazza North America, part of global Italian coffee company Lavazza Group, begins construction of the first roasting and packing plant in the United States. The new plant is slated to open in October 2021 and will serve the US market. The plant is an expansion of the Lavazza Professional facility in West Chester, Pennsylvania, which will integrate existing and new capabilities for…
Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and…
The Italian Government’s adoption of the National Industry 4.0 Plan for industrial technological and digital transformation represents a great opportunity for manufacturing companies operating in Italy. The plan aims to raise tax incentives for investments in goods and technologies that connect physical and digital systems, in order to conduct complex analysis (Big Data) and adapt manufacturing…
North Carolina based Advanced Ceramic Coatings (ACC), a joint venture between Ohio-based GE Aviation and Turbocoating Corp. of Italy, announced that it will invest $15 million to build a new 62,500-square-foot facility at Hillside Enterprise Park in Duncan and create 50 jobs.
Local officials identified ACC as the company seeking incentives under the economic development project codenamed “Project…
Every year, GIMAV conducts a survey of the Italian glass industry with the aim of providing an overview of the sector and information on its structure, sales, production and export markets. GIMAV is the Italian Association of Glass Processing Machinery and Accessories Suppliers and represents almost 80% of the Italian glass industry.
The results were more than encouraging: the positive trend for…
Reshoring allows companies to take advantage of tax incentives, employ skilled workers and innovate while protecting their intellectual property. For some, the ability to operate facilities using inexpensive natural gas now makes U.S. locations far more cost-effective than ones abroad where electricity and coal are considerably more expensive. Eliminating import duties and reducing transportation…