Any time the military decides to close an installation, two things are sure: It will take a long time before the lights go out, and even longer for the site to find a new use.
In Philadelphia, the former Navy Yard is being transformed into a business hub. In February, city officials celebrated that 10,000 jobs and 130 companies are now located there. It took more than a decade to get to that point after the Navy signed over 1,000 acres in 2001.
Kansas encountered its own military conflict when a massive ammunition plant in Parsons was placed on the 2005 Base Realignment and Closure (BRAC) list. As with the Philadelphia Navy Yard, employment at the Kansas Army Ammunition Plant peaked during World War II, topping out at 7,358.
Lockheed Martin Corp.'s Moorestown operations have apparently retained the contract for the U.S. Navy's Aegis weapons system, Bloomberg News is reporting.
The defense contractor's Mission Systems and Training unit received a contract worth up to $100 million of which more than half of the work would be done in Moorestown. Bloomberg said Lockheed Martin beat out a team of Boeing Co. and Raytheon Co. who bid to become the engineer for the system which detects and intercepts threats to surface vessels.
Lockheed has been the contractor behind Aegis for more than 40 years.
Campbell Soup Co. may be based in Camden, but Napoleon, Ohio, is the site of the company’s biggest food-manufacturing plant.
Located near Toledo, the factory employs about 1,500 people who produce soups, sauces and beverages for the consumer-products giant.
It’s also one of the focal points for Campbell Soup’s efforts to make its operations more sustainable. In December, the company switched on a 9.8-megawatt solar-panel farm that is expected to supply up to 15 percent of Napoleon’s electricity needs.
Mount Laurel-based PMC Group agreed to acquire the tin stabilizer business of Arkema, a French chemical company.
In a statement, Arkema said that the business, which makes products used in the manufacture of PVC and by automobile companies, generates about $220 million in sales. The business employs 234 people at four locations, including Carrollton, Ky., and Mobile, Ala.
Terms of the sale, which is expected to occur this fall, were not disclosed.
The maker of K'nex toys has long manufactured many of its products in America, and it pushed that as a key marketing message in 2007 after safety concerns arose about toys made in China.
But the family-owned company in Montgomery County decided it needed to do more as the U.S. economy slumped, and it chose to move one of its key operations from China to the United States.
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The Corbett administration has awarded $844,000 in incentives to help a Canadian company that makes catalytic converters for diesel vehicles relocate to Montgomeryville.
Environmental Solutions Worldwide Inc. will move its headquarters from Concord, Ontario, to a 40,220-square-foot building that its U.S. research and development and Air Testing Services units have been using since 2005. Last October, the company relocated all of its manufacturing operations from Canada to the Montgomeryville facility.
The Pennsylvania Department of Community and Economic Development provided a $150,000 Opportunity Grant, a $500,000 low-interest loan from the Machinery and Equipment Loan Fund, and $194,000 in job-creation tax credits. In addition, the state said the company would be eligible to apply for R&D tax credits.
As the end of the first quarter and onslaught of earnings news approaches, you can usually see the slowdown in press release manufacturing at companies.
However, not all companies are preparing to unveil the financial results of the first quarter. Take Harleysville-based Met-Pro Corp. which released results for its fourth quarter and full year ended Jan. 31. (Here is a link to a PDF file of those results.)
Annual sales of the maker of pollution control and other environmental equipment topped $100 million compared with $88.9 million for the previous year. Net income was $7.1 million, or 48 cents per share, vs. $6.1 million, or 42 cents per share, for the year ended Jan. 31, 2011.
Manufacturing activity in the Philadelphia region expanded in January and more companies reported improving conditions in the labor market.
The widely watched Business Outlook Survey of the Federal Reserve Bank of Philadelphia said the percentage of firms noting an increase in employment was higher than that for firms reporting a decrease -- 21 percent vs. 10 percent.
Still, "moderate" is the word the Philly Fed used for the pace of the expansion of the region's manufacturing sector.