Manufacturing Archive

Central Arkansas Industrial Vacancy Rate Stable

by Arkansas Business Staff 8/18/2014 12:00 am

The vacancy rate for industrial real estate in central Arkansas remained relatively stable through the second quarter of 2014, ticking up just slightly to 10.8 percent compared with 10.6 percent in first-quarter 2014. That's above the national average of 9 percent but far below central Arkansas' 12.2 percent vacancy rate of second-quarter 2013.

Maumelle Firm Southland Metals Wins $3.8M Judgment

by Mark Friedman 8/18/2014 12:00 am

Southland Metals Inc. of Maumelle won a $3.84 million judgment last month when a federal court jury in Fayetteville considered its breach-of-contract case against a former client, American Castings LLC of Pryor, Oklahoma.

Public Company Board Service Can Mean Lots of Work and Risk

by Gwen Moritz 8/18/2014 12:00 am

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be.

Blue Rooster to Open Poultry Plant in Warren, Employ 100

by Arkansas Business Staff 8/13/2014 11:30 am

A company called Blue Rooster plans to open a poultry deboning operation and employ 100 people at 110 Industrial Park Drive in Warren, the Arkansas Economic Development Commission said Wednesday.

Reports: APEX Tool to Close Springdale Plant That Employs 250

by Lance Turner 8/8/2014 11:25 am

It's a rare thing that you see a pair of big job loss announcements in northwest Arkansas so close together.

ASTA Receives $3M Federal Grant to Reduce Crop Stress

by Mark Carter 8/5/2014 02:31 pm

The funds will be spread out over three years and used to create an interdisciplinary, state-of-the-art Bioimaging Consortium that will enable researchers to adapt food, fiber and fuel crops "to meet the challenges of a changing climate and a growing world population."

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Arkansas Less Optimistic Than Oklahoma, Missouri in Arvest Consumer Survey

by Lee Hogan 8/5/2014 10:29 am

The second phase of Arvest Bank's consumer sentiment survey found Arkansans have a less optimistic outlook on current conditions and expectations than respondents in Oklahoma in Missouri.

Two Steps Forward, One Back (Editorial)

by Arkansas Business Editors 8/4/2014 12:00 am

Last week's economic news was of the motion sickness-inducing two steps forward, one step back kind.

Agronomic Innovations Purchases AgRobotics of Little Rock

by Arkansas Business Staff 8/1/2014 10:02 am

AgRobotics co-founders Jim and Jeff Burton of Little Rock had been searching for a strategic partner to expand the market for the AutoProbe, a device that pulls 6-inch cores of soil samples from which farmers can extract accurate data.

NERA Study: EPA Regs Would Cost Arkansas Jobs, Millions in Compliance

by Lee Hogan 7/31/2014 10:31 am

A new study conducted by NERA Economic Consulting, and commissioned by the National Association of Manufacturers, says new ozone regulations would cost Arkansas thousands of jobs per year and hundreds of millions of dollars in compliance costs.

Zilkha Biomass Announces $90M Facility, 52 Jobs in Monticello

by Lee Hogan 7/30/2014 10:10 am

Zilkha Biomass Energy plans to build a $90 million facility in Monticello that will create 52 jobs. Zilkha says it will make its Zilkha Black Pellet, the first commercially available pellet in the industry, at the Monticello factory.

Superior Industries to Close Plant in Rogers, Leave 500 Out of Work

by Lance Turner 7/30/2014 08:24 am

Superior Industries International, which makes aluminum wheels for automobiles, says it will close its manufacturing plant in Rogers, leaving 500 people out of work.

Clinton Connected With Correnti To Lobby for Big River Steel Plant

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, the man behind Big River Steel and this week's Executive Q&A, thought he was being pranked when former President Bill Clinton called to lobby Correnti to put his $1 billion-plus steel mill in Arkansas.

Arkansas Business Presents the 2014 Power List

by Gwen Moritz 7/28/2014 12:00 am

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks.

Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It's expected to employ more than 525 workers with average yearly compensation of $75,000.

Alliance Rubber Stretches Online

by Brandon Riddle 7/28/2014 12:00 am

Alliance Rubber Co. of Hot Springs has launched a new website at RubberBand.com that allows the company to update and sell its products on a more consistent basis.

A Closer Look: Arkansas Unemployment and Employment

by Arkansas Business Staff 7/28/2014 12:00 am

The unemployment rate in Arkansas fell in June to 6.2 percent, but the number of people employed “continues to be a source of concern,” state economic forecaster Michael Pakko noted recently.

Deltic Timber 2Q Net Down Against One-Time Gains

by Arkansas Business Staff 7/23/2014 04:52 pm

Deltic Timber Corp. of El Dorado reports second-quarter net income of $5.3 million or 42 cents per share, down 53 percent from the same time last year.

Green Bay Packaging to Spend $30M for New Equipment at Morrilton Plant

by Arkansas Business Staff 7/23/2014 10:18 am

Green Bay Packaging Inc. of Green Bay, Wisconsin, says it will spend $30 million to upgrade equipment, which it says will increase efficiency and production at its Arkansas Kraft Division plant in Morrilton.