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Greetings!

 

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:
Automakers account for about a third of the state's industrial expansion
Ribbon cutting to mark completion of SSAB expansion
Guy Bailey stepping down as University of Alabama president
CMI purchased, expected to close in Ozark

 


 

Automakers account for about a third of the state's industrial expansion
By Patrick McCreless
Oct. 31

Alabama's auto industry is selling more cars now than last year and has ramped up hiring to match the increased demand.

Sales figures show that across the board, state auto manufacturers, including the Honda plant in Lincoln, have sold more vehicles to date this year compared to the same period last year. The result has been expansion efforts at various plants and increased hiring. Industry experts say that though the auto industry as a whole is not where it was before the recession, its improvement is encouraging.
 
Steve Sewell, executive vice president for the Economic Development Partnership of Alabama, which works to attract and maintain industry in the state, said the main Alabama automakers have added jobs as they have expanded their operations in the last year.

 Sewell said about one-third of all industry expansions in the state this year have been in the auto industry.

"They are keeping pace with demand," Sewell said. "Production is up at all the state auto manufacturers."






 


 

Ribbon cutting to mark completion of SSAB expansion 
Published:Wednesday, October 31, 2012
By Ellen Mitchell | emitchell@al.com 

AXIS, Alabama -- SSAB will unveil its new quenching line at a ribbon cutting ceremony Thursday morning at SSAB Alabama Steelworks in Axis.

 

The Swedish specialty steel maker said the ribbon cutting will mark the official start of its quenching and tempering line for steel plate, though SSAB began quenched and tempered steel production for customers in August.

 

The line is part of a $220 million, 275,000-square-foot expansion of the Axis steel mill, which began in November 2010 and was completed this summer.

 

SSAB said the line will allow the company to strengthen more steel produced at the mill. SSAB already has a smaller heat treating facility in Axis.



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Guy Bailey stepping down as University of Alabama president
By Kim Eaton
Staff Writer
Published: Wednesday, October 31, 2012

TUSCALOOSA | Guy Bailey is stepping down as president of the University of Alabama after less than two months on the job.

 Meanwhile, a source close to the UA board of trustees confirmed Wednesday night that Judy Bonner, UA's provost and executive vice president, would be named his replacement today.

Bonner had been UA's interim president for six months before Bailey came to UA in September.

 

The source would not say if Bonner would be named permanent president or if her appointment would be interim. She would be the first woman to hold the post on a permanent basis at UA.

 

In resigning, Bailey cited his wife's health problems.

 

Bailey, who has two degrees from UA, turned in his resignation on Wednesday to Chancellor Robert E. Witt, who heads the three-campus UA System.

 

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[al.com]

 

 

 

 

 

 

 

 

 

 


 

CMI purchased, expected to close in Ozark
By:EBONY HORTON | Dothan Eagle 
Published: October 31, 2012

OZARK - After opening in Ozark in 2005 and peaking at about 120 employees, officials said CraftMaster's Manufacturing (CMI) door plant in Ozark is expected to close, likely affecting about 60 local jobs.

 

The company, with facilities in Illinois, Pennsylvania, Texas and Virginia, is located near the former Van Heusen building in Ozark on West Roy Parker Road.

 

Ozark Mayor Billy Blackwell said CMI was sold earlier this year to JELD-WEN, an international windows and doors manufacturer. Calls and email from the Dothan Eagle to both CMI and JELD-WEN were not returned Tuesday and Wednesday to determine when or if the plants in Ozark and other locations would completely shut down.

 

According to the Ozark Economic Development Corporation, between 60 and 70 employees could be affected.


 

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[Dothan Eagle]

 




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