Manufacturing Archive

Asa Hutchinson Names Mike Preston as New AEDC Director

by Arkansas Business Staff 3/26/2015 10:58 am

Gov. Asa Hutchinson on Thursday announced Mike Preston as the new executive director of the Arkansas Economic Development Commission.

Arkansas Personal Income Up 3 Percent in 2014

by Arkansas Business Staff 3/25/2015 10:41 am

Arkansas' state personal income rose 3.1 percent in 2014, according to the latest report by the Bureau of Economic Analysis at the U.S. Department of Commerce.

Little Rock Burgundy Book Shows Optimism

by Arkansas Business Staff 3/24/2015 02:51 pm

The Federal Reserve Bank of St. Louis' latest Burgundy Book showed "improving optimism" in the Fed district's Little Rock Zone, which includes all but the northeast part of the state.

Arkansas State University to Hold Women's Business Leadership Conference April 2

by Arkansas Business Staff 3/23/2015 02:41 pm

Arkansas State University in Jonesboro is holding a Women's Business Leadership Conference on April 2 in Centennial Hall at the Carl R. Reng Student Union and at the Delta Center for Economic Development.

Allens' Successor Sager Creek Also Faced Financial Trouble

by Mark Friedman 3/23/2015 12:00 am

The company that bought Allens Inc. of Siloam Springs out of bankruptcy was just a week away from filing its own Chapter 11 bankruptcy in February, according to the trustee for Allens. Sager Creek Vegetable Co. “had significant cash-flow problems,” Allens' Chapter 7 Trustee R. Ray Fulmer II of Fort Smith told Arkansas Business.

Del Monte Will Close Sager Creek Operation in Wisconsin

by Mark Friedman 3/20/2015 09:04 am

Del Monte Foods of San Francisco, which recently bought Sager Creek Vegetable Co. of Siloam Springs, says it will close a vegetable processing plant in Pulaski, Wisconsin.

Judge Refuses to Dismiss Redman & Associates' Lawsuit Against Sales Chief

by Marty Cook 3/19/2015 09:45 am

A federal judge denied a Chinese toy manufacturer's partial motion to dismiss four counts in a $40 million lawsuit filed against it by a Rogers company.

Arkansas Unemployment Rate Falls to 5.6 Percent in January

by Arkansas Business Staff 3/17/2015 10:17 am

The state's unemployment rate fell to 5.6 percent to January from December, and is a full percentage point below what it was the same time last year.

Deltic Executive Pay Drops in 2014

by Jan Cottingham 3/16/2015 11:27 am

Despite Deltic Timber's strong earnings in 2014, compensation paid four of the five top Deltic executive officers dropped compared with 2013.

Jonesboro's Hytrol Conveyor Gifts $200k to ASU College of Engineering

by Arkansas Business Staff 3/16/2015 11:07 am

Arkansas State University has received a $200,000 gift from Hytrol Conveyor Company Inc. of Jonesboro to endow scholarships in the ASU College of Engineering, the school announced Monday.

NanoMech Expanding, Plans To Hire 30

by Sean Beherec 3/16/2015 12:00 am

NanoMech of Springdale is already outgrowing its new production facility as the company plans to continue to expand its manufacturing capacity.

AEDC Wants Seed Money Back from Oxane Materials

by Arkansas Business Staff 3/9/2015 12:00 am

AEDC has filed a complaint against Oxane Materials of Houston, Texas, seeking to recoup money given to the company in hopes of creating jobs in Van Buren.

ASTA's Tim Atkinson Sees Higher Education Meeting Hi-Tech in Arkansas

by Arkansas Business Staff 3/9/2015 12:00 am

Tim Atkinson was appointed president of the Arkansas Science & Technology Authority in 2013 after years of helping scientists find funding for their work.

Gander Mountain Draws $7.2 Million Transaction (Real Deals)

by George Waldon 3/9/2015 12:00 am

The sale of a 123,872-SF store in Sherwood tipped the scales at $7.2 million. A 25,000-SF office-warehouse facility in North Little Rock weighed in at $2.19 million. And the location for a convenience store development in west Little Rock was assembled in two deals totaling $2.1 million.

Innovations Boost Water Conservation, Financial Savings

by Rick Fahr 3/9/2015 12:00 am

To be sure, the state's soil is tailor-made to grow rice, cotton, soybeans, corn and sorghum, but it is producers' ability to irrigate the vast majority of the state's farm acreage that helps guarantee a decent crop in even the worst drought years. When corn and soybean fields are withering in Iowa, Indiana and Missouri, Arkansas' crop thrives as irrigation systems provide a boost when necessary.

Getting The Bugs Out Of Hardwood's Comeback

by Rick Fahr 3/9/2015 12:00 am

After historically low prices kept loggers from removing hardwoods from Arkansas forests for many years, something of a hardwood rebirth began recently. However, at least one timber expert has predicted that market pressures may reverse that trend soon. A significant threat to the industry, however, is an old one — insect infestation.

Nine Billionaires with Arkansas Ties Make Forbes 500 List

by Mark Carter 3/2/2015 10:33 am

Nine billionaires with Arkansas ties find themselves on the most recent Forbes 500 list of the world's richest people, released this week.

Central Arkansas Industrial Vacancy Rate Slips

by Arkansas Business Staff 3/2/2015 12:00 am

The vacancy rate for industrial space in central Arkansas fell slightly in fourth-quarter 2014, slipping to 11.6 percent compared with 11.7 percent in the third quarter and 11.8 percent in fourth-quarter 2013.

Banded Brands Hear Call to Springdale

by Arkansas Business Staff 3/2/2015 12:00 am

Chuck Browning, CEO of Banded Holdings Inc. of Fayetteville, says part of a recent $10 million investment includes buying the Banded Brands license from Maxx Outdoors of Council Bluffs, Iowa. The price paid for the license wasn't publicly disclosed, but some of the money raised went for working capital and inventory, Browning said.

Aerospace Industry Works To Get Word Out

by Marty Cook 3/2/2015 12:00 am

The seventh annual Arkansas Aerospace Summit will be held March 10-11 at the Crowne Plaza in Little Rock. It is being hosted by the Arkansas Aerospace & Defense Alliance, a group of aerospace companies that was formed in 2012.