Manufacturing Archive

TrinityRail Buys Nordex Plant, Plans 350 Jobs

by Lance Turner 6/5/2014 03:51 pm

TrinityRail Maintenance Services Inc. has purchased the former Nordex manufacturing plant in Jonesboro and plans to use it to provide railcar maintenance and services.

Mondi Group Buys Paper Business Including Pine Bluff Plant

by Arkansas Business Staff 6/5/2014 09:25 am

A South African firm said Wednesday that it has acquired the bags and kraft paper business of Graphic Packaging International Inc. for $105 million. Mondi Group's purchase includes the integrated kraft paper mill in Pine Bluff.

Simmons First Seeks Foreclosure on Funk

by Arkansas Business Staff 6/2/2014 12:00 am

Simmons First National Corp. of Pine Bluff has filed suit against a local manufacturer for some unpaid loans. According to the suit, filed in Pulaski County Circuit Court, the defendant is O.D. Funk Manufacturing Inc., a company that builds outdoor metal buildings like storage sheds and carports.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Manufacturers See Improved Revenue

by George Waldon 5/26/2014 12:00 am

Sales gains were prevalent among manufacturing concerns on this year's list of 75 largest private companies. Four of the five Arkansas manufacturing firms reported improved revenue for 2013.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

by Gwen Moritz 5/26/2014 12:00 am

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Incoming LR Port Director Bryan Day on Its Role Keeping the Economy Afloat

by Arkansas Business Staff 5/26/2014 12:00 am

Bryan Day will assume the executive director's position at the Little Rock Port on June 23. He succeeds Paul Latture, who had been in the position since 1999 and announced his retirement earlier this year.

Export Awards Honor Arkansas Steel, Triangle Engineering, SweepScrub, Harris International, POM

by Mark Carter 5/22/2014 02:11 pm

Five Arkansas companies that do business overseas were honored at the fifth annual Governor's Award for Excellence in Global Trade awards luncheon.

Alliance Rubber to Spend $600K, Add 15 Jobs in Hot Springs Expansion

by Arkansas Business Staff 5/21/2014 02:50 pm

Alliance Rubber Co. of Hot Springs says it will invest $600,000 to expand its headquarters and hire for 15 new positions, bringing total employment to 166. As part of the expansion, Alliance will purchase a new digital printer to help it be more efficient, produce new products and grow its customer base.

Arkansas Business to Honor 21st 40 Under 40 Class

by Arkansas Business Staff 5/20/2014 10:24 am

For the 21st consecutive year, Arkansas Business will honor the state's outstanding young professionals at a luncheon for its 40 Under 40 class.

Decision-Making in an Uncertain Environment (Karen Moustafa Leonard Expert Advice)

by Karen Moustafa Leonard 5/19/2014 12:00 am

We all make decisions every day. But in uncertain external and internal business environments, organizational decision-making is becoming a more complicated art. Both environments offer unique challenges for every leader.

BioTech Pharmacal Looking at Plans for Quadruple Expansion

by Arkansas Business Staff 5/19/2014 12:00 am

BioTech Pharmacal Inc. of Fayetteville is meeting with architects about designs for a new 30,000-SF manufacturing building at the company's Highway 112 location.

Central Arkansas Industrial Vacancy Rate Drops

by Arkansas Business Staff 5/19/2014 12:00 am

The vacancy rate for industrial real estate in central Arkansas fell to 10.7 percent in first-quarter 2014, compared with 11.2 percent in the previous quarter and 12.6 percent in first-quarter 2013. The local rate, however, remains above the national average of 9 percent. Locally, almost 187,000 SF was absorbed in the first quarter of the year.

Arkansas Jobless Rate Falls to 6.6 Percent

by Arkansas Business Staff 5/16/2014 09:51 am

The Arkansas unemployment rate for April dropped to 6.6 percent, according to data released Friday by the state's Department of Workforce Services.

Ben E. Keith Announces 74 Jobs, $60M Investment in NLR Facility

by Lee Hogan 5/13/2014 10:23 am

Food service products distributor Ben E. Keith said Tuesday that it will spend $60 million on a North Little Rock plant, adding 74 new jobs at an average wage of $33.75 per hour.

Public Ports Eligible for Waterways Grants

by Arkansas Business Staff 5/13/2014 09:43 am

Public ports and facilities are eligible for a new grant program of the Arkansas Waterways Commission.

Promotions Bloom at Aromatique Inc. (Movers & Shakers)

by Arkansas Business Staff 5/12/2014 12:00 am

Judy Balderree, previously vice president of retail sales, has been promoted to executive vice president of merchandizing and design at Aromatique Inc. of Heber Springs. Carlton Collier, previously vice president of sales and marketing, has been promoted to EVP of product development and strategic marketing.

Lawyers Show Muscle in Allens Bankruptcy Case

by Arkansas Business Staff 5/12/2014 12:00 am

As the bankruptcy case of Allens Inc. of Siloam Springs continues to wend its way through the court system, the legal bills are adding up to an amount fairly described as eye-popping.

SFC Fluidics Completes $2M Round to Develop Innovative Insulin Pump

by Mark Carter 5/7/2014 11:46 am

Fayetteville's SFC Fluidics on Wednesday announced that it had closed a $2 million, Series B funding round that will enable it to commercialize an innovative insulin patch pump.