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Here is today's summary of economic development news, a free service of the Economic Development Partnership of Alabama, representing Alabama's private sector investment in economic development.  If you enjoy NewsFlash, thank an EDPA Partner

 

In this issue:
Hartselle plant gets new owner...Indiana company acquires Copeland plant, plans job increase
Commerce chief to aerospace suppliers: Alabama no newcomer to sector, global trade
Economic and restoration efforts following Gulf oil spill honored
Honda says N.A. plants could grow CEO: Sales could top 2 million units by 2016

 


 

Hartselle plant gets new owner
Indiana company acquires Copeland plant, plans job increase
By Deangelo McDaniel

HARTSELLE - An Indiana-based company has purchased the 263,000-square-foot Copeland building near Hartselle and has plans to increase employment to more than 200 people during the next three years.

 

Busche finalized negotiations with CP Compressors on Monday to buy the manufacturing facility, which is on 48 acres near Thompson Road and Interstate 65.

 

In the short term, the company will continue to manufacture compressors for air conditioning systems, Hartselle Mayor Dwight Tankersley said. The plant's long-range plan is to transition into an after-market automotive parts supplier, state Sen. Arthur Orr, R-Decatur, said.

 

"We've been talking with them for almost two years and they were very intent on purchasing this facility with plans of being an auto supplier," Orr said.

 

The company did not release an exact number but said it would retain some of the plant's existing 40 to 50 employees to help with the transition.

 

 

more...

 

[Decatur Daily]


 


 

 

Commerce chief to aerospace suppliers: Alabama no newcomer to sector, global trade
Published: Monday, October 22, 2012
By Kelli Dugan | kdugan@al.com 

TOULOUSE, France - Alabama boasts more than 300 existing aerospace companies employing 80,000 workers, Alabama Commerce Secretary Greg Canfield told 350 aerospace suppliers Monday during the 2012 Airbus Global Supplier Conference.

 

"Airbus is a tremendous opportunity for Alabama to be one of a few large aircraft assembly venues, but this is not our first experience in aerospace. We have already made the necessary preparations, and have what it takes to grow this industry in the state," Canfield said.

 

Airbus unveiled plans in July to construct a $600 million final assembly plant at Mobile's Brookley Aeroplex. The plant is expected to employ about 1,000 people by 2016, and economic development officials estimate the radius of the facility's supply chain could extend 300 miles from the Port City within seven years.

 

"Alabama has long invested in the preparation for economic growth in the aerospace sector, and we have already begun to reap the rewards. We would like to provide these suppliers with the resources to start their businesses in Alabama and the training necessary to maintain a healthy level of growth and continued success," Canfield told the crowd, representing global companies such as Labinal, Triumph Actuation Systems, Hexcel, Turkish Aerospace Industries and Safran Aircelle.

 

 

more...

 

 

[al.com]


 

 

 


Economic and restoration efforts following Gulf oil spill honored at first Connecting Coastal Alabama Awards 
Published: Monday, October 22, 2012
By Ellen Mitchell | emitchell@al.com 

MOBILE, Alabama -- A lumber salesman that helped form the Coastal Alabama Leadership Council, a psychiatrist that helped addressed the mental health and needs of those impacted by the Deepwater Horizon Oil Spill and an advocate for the Gulf Coast seafood industry. 
 

Those were just some of the winners at the first annual Connecting Coastal Alabama Awards, held this morning at the Battle House Hotel in downtown Mobile.

 

Ten members of the community were honored at the ceremony, which seeks to recognize those who have championed the betterment of the coastal region following the Deepwater Horizon Oil Spill.

 

Mobile and Baldwin counties account for about 25 percent of Alabama's economy. The area's vast economic importance propelled industry leaders and citizens to apply their skills and talents to restore the coast to its original beauty after the spill. As a result, the community now shows signs of steady recovery. This award seeks to honor those efforts. 

 

more...

 

[al.com]

 



 



Honda says N.A. plants could grow CEO: Sales could top 2 million units by 2016 
Oct. 22, 2012
Nick Bunkley
Automotive News

American Honda Motor Co. is prepared to boost production capacity in the United States, Canada or at its plant under construction in Mexico, depending on which vehicle segments have the most growth in the next few years.

 

By 2016, Honda's North American sales will rise to "more than 2 million" units, from about 1.7 million this year, Tetsuo Iwamura, CEO of American Honda, told Automotive News.

 

Globally, Honda is working to raise sales 50 percent within four years to 6 million vehicles, with most of the growth coming from developing countries such as India, China and Brazil. Its North American goal amounts to an 18 percent increase.

 

The overall market's rising tide should largely lift Honda to its North American goal. Forecasts from IHS Automotive and LMC Automotive show light-vehicle sales for the region increasing about 15 percent during the same period.

 

 

more...

 

[Automotive News]






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