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Duke Energy has agreed to acquire Piedmont Natural Gas for $4.9 billion. The acquisition provides Duke Energy with more access to the natural gas infrastructure.The boards of directors of both companies have unanimously approved a definitive agreement for Duke Energy to acquire Piedmont for approximately $4.9 billion in cash. “We look forward to welcoming Piedmont’s […]
According to a new report by Forbes magazine, South Carolina is the 25th Best State for Business. The tenth annual Forbes ranking measures six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. The magazines factors in 40 points of data to determine the ranks across […]
Manufacturing conditions in the region continued to weaken in October, according to firms responding to this month’s Manufacturing Business Outlook Survey. The indicator for general activity remained negative, while the new orders and shipments indexes turned negative this month. Labor market indicators also weakened. The survey’s indicators for prices of inputs and for firms’ own […]
SCRA Applied R&D’s Jon Tirpak was appointed as ASM International Board President during their annual business meeting held at the Materials Science & Technology Technical Meeting and Exposition in Columbus, Ohio. Tirpak, Senior Program Manager for SCRA Applied R&D’s Advanced Materials Division, is directly involved in materials-dependent technologies. He also serves as the Executive Director […]
Sentiment regarding the direction of the global economy took a sharp turn downward among U.S. industrial manufacturers, according to the Q3 2015 Manufacturing Barometer, released by PwC US today. Global concerns also served to moderate optimism regarding the domestic outlook, while slowing plans to hire more workers. At the same time, capital and operational spending […]
While South Carolina has been in the national headlines due to record flooding, the state’s manufacturing machine remains largely intact. Now, the Palmetto state’s manufacturers are focusing on helping their communities recover. Although there have been some minor inconveniences, “the manufacturing industry not been significantly impacted,” said Lewis Gossett, CEO of the South Carolina Manufacturing […]
A South Carolina state court jury has awarded $14 million to the family of a maintenance worker who died from mesothelioma after inhaling asbestos fibers in the 1970s at a Celanese Corp. (NYSE: CE) polyester fiber plant in Spartanburg. Dennis Seay, who died in 2014 at the age of 70, performed maintenance and repair work […]
Economic activity in the non-manufacturing sector grew in September for the 68th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., CFPM, chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee. “The NMI® registered […]
GE Power & Water plans to stop manufacturing gas engines in Waukesha, Wisconsin and open a new facility to build engines in Canada. There was no announcement related to the GE Power & Water facility on Garlington Road in Greenville. Earlier this month, GE announced plans to located new jobs in France. GE Power & […]
Boeing [NYSE: BA] rexently opened its research and technology center in South Carolina, which is devoted to current and next-generation technology development. Boeing leaders joined local dignitaries and employees for a ribbon cutting and tours of the 104,000-square-foot Boeing Research & Technology-South Carolina center, which leads the company’s research and development efforts in areas of […]
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