News
Medical device maker to add 30 jobs with growth project in Houston County
DOTHAN, Alabama — Global Resources International and its subsidiary Advanced Product Solutions (GRI-APS) plan to create 30 jobs in the Houston County community of Columbia through a $1.6 million expansion project at a facility there. GRI-APS will utilize a former 40,750-square-foot Russell Corp. building at 101 Industrial Boulevard in Columbia to manufacture operating room procedure…
Sunbelt Solomon plans Alabama transformer repair and service facility
ELBA, Alabama — Sunbelt Solomon Services, one of the world’s largest providers of commercial and industrial electrical distribution equipment, plans to open a facility in Coffee County to repair and recycle electrical transformers, according to Governor Kay Ivey. Sunbelt Solomon will invest over $5 million in the facility, located in Elba, and create 50 jobs…
Alabama firm on trade mission strikes partnership with Australian company
MELBOURNE, Australia — Alabama-based Cummings Aerospace announced today that it plans to team with an Australian company to develop defense technology solutions that would be produced and distributed in Australia. Cummings Aerospace, headquartered in Huntsville, is among six state firms participating this week in a trade mission organized by the Alabama Department of Commerce to…
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 the business development mission to the Australian International Airshow Aerospace and…
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 U.S. and the first to be assembled outside of South Korea.…
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, has committed to creating 200 full-time jobs at the facility…
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 for several Alabama-made models, while Mazda Toyota Manufacturing proceeds with its…
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 boost for Macon County. After finalizing agreements with state and local…
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 shipments of Alabama-made vehicles, aerospace parts, chemicals, minerals, metals and paper…
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 exports approached $23.4 billion in value through November — a figure…