Core Industries to build new processing and storage facility in Alabama
MOBILE, Alabama — Core Industries plans to invest $8.75 million to construct a processing and storage facility at its port facility in...
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AIDT targets 11,000 new auto industry workers with ‘Shift’ campaign
AIDT, Alabama’s primary workforce development agency, is accelerating its efforts to expand employment in the state’s auto industry by reviving a multi-state...
Enviva kicks off construction on wood pellet plant in Sumter County
EPES, Alabama — Bethesda, Maryland-based Enviva Inc., the world’s leading producer of sustainably sourced woody biomass, recorded a milestone today with a...
Alabama trade mission targets opportunities at Australia’s Avalon air show
MELBOURNE, Australia — An Alabama delegation including six aerospace-focused companies are seeking to make business connections on a trade mission this week to Avalon 2023, the largest aviation, aerospace and defense exposition staged in the Southern hemisphere. The Alabama Department of Commerce is leading...
Hyundai Alabama launches production of electrified Genesis GV70 SUV
MONTGOMERY, Alabama — Hyundai marked a major milestone at its Alabama plant on Tuesday, as company officials, employees and community leaders celebrated the launch of the first Genesis Electrified GV70 SUV. It’s the first model from Hyundai’s luxury division to be assembled in the...
Nucor plans $125 million Alabama facility, creating 200 jobs
DECATUR, Alabama —Nucor Corp. plans to invest approximately $125 million to open an advanced manufacturing facility in Alabama where a new business unit, Nucor Towers & Structures, will produce transmission towers, Governor Kay Ivey announced today. Nucor, which already has a significant presence in...
Alabama auto sector races toward new milestones in 2023
Alabama’s auto industry is poised for another groundbreaking year in 2023, as companies deepen their commitment to electric vehicle production and other new technologies. Both Hyundai and Mercedes-Benz continue to expand their lineup of EV models built in the state. Honda, meanwhile, plans updates...
Auto supplier Samkee Corp. selects Alabama for its first U.S. plant
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Samkee Corp., a major South Korean automotive supplier, plans to invest $128 million to open its first U.S. factory in Alabama through a project that will create 170 jobs in Tuskegee and provide an economic...
Alabama exports soared to new record in 2022, topping $25.5 billion
MONTGOMERY, Alabama — Governor Kay Ivey announced today that Alabama exports surged to over $25.5 billion in 2022, setting a new annual record and providing another indicator that the state’s economy is performing strongly. Last year’s surging export activity was driven by rising overseas...
Rising Alabama exports put 2022 on course for record year
Alabama exports are bouncing back from global trade frictions and disruptions caused by the COVID-19 pandemic, which combined to interrupt years of momentum that lifted overseas shipments of Alabama-made goods. While full-year results are not yet available for 2022, trade data show that Alabama...
Trade missions uncover export opportunities for Alabama companies
For Alabama-based manufacturer Sealing Equipment Products Co., or SEPCO, selling its mechanical seals, gasketing materials, compression packing and other high-performance products in markets around the world has become a core element of its business. Today, SEPCO ships products to customers in approximately 40 different...
Foreign investment accelerates with new growth projects in Alabama
With new growth projects under way in key industries such as automotive and aviation, foreign direct investment continues to act as a powerful catalyst in Alabama’s economy, casting a wave of job creation and triggering positive ripple effects. Since 2018, foreign companies have launched...
Motor vehicles power growth for Alabama’s export machine
Alabama-built vehicles are blazing a trail in the global economy, ranking as the state’s top export product and serving as a brand ambassador that landed in 73 foreign countries in 2021. More than $7.7 billion in Alabama vehicle exports were recorded in 2021, topping...
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