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Chobani\u2019s $4 billion goal to expand its U.S. operational portfolio continues as a new production facility is announced in Allentown, Pennsylvania.Getty Images<\/p>\n
A PRODUCTION BOOST IN BEREA<\/p>\n
Astemo Americas, Inc. is placing $112 million toward increased hybrid electric vehicle motor capacity in central Kentucky, according to news released last week. The advanced mobility solutions manufacturer, a subsidiary of Hitachi, Honda Motor Company and JIC Capital\u2019s Japan-based joint venture Astemo, will expand two facilities located in the city of Berea in Madison County. The move comes as part of a multi-year investment that is expected to bring 282 new jobs across Astemo Americas\u2019 Kentucky operations, which includes electric-powertrain and engine-management systems production in Harrodsburg. The fresh investment will bring a combined additional 300,000 sq. ft. across the two Berea plants, which produce chassis and electric powertrain components. Once complete, 114 direct jobs will be created across both facilities. \u201cFor over four decades, Kentucky has been a cornerstone of our U.S. operations, beginning with the establishment of our first plant in Harrodsburg in 1985,\u201d said Astemo Americas President and CEO Tim Clark. \u201cSince then, we have expanded to three plants, making the state a core driver of our North American operations.\u201d<\/p>\n
Chobani\u2019s $4 billion goal to expand its U.S. operational portfolio continues as a new production facility is announced in Allentown, Pennsylvania.
Getty Images<\/p>\n
CHOBANI ARRIVES IN PENNSYLVANIA<\/p>\n
Chobani plans to establish its first operations in Pennsylvania upon acquiring a Lehigh Valley site that formerly served as a Keurig Dr Pepper (KDP) manufacturing plant. A $1.2 billion investment from the company will transform the current 1.5-million-sq.-ft. Allentown facility to support up to 10 production lines, as the company looks to manufacture innovative food and beverage products aside from its leading yogurt brand. With proximity to over 4,300 dairy farmers in the state, in addition to access to 40% of the U.S. population within 500 miles, Allentown\u2019s location provides a prime advantage to meet market demand. \u201cPennsylvania is home to one of the highest number of family-owned farms in the country.\u201d said\u00a0Chobani Founder & CEO Hamdi Ulukaya.\u00a0\u201cWhen we walked into this factory, we knew it was a great fit for what we want to build for the future.\u201d The new facility will be capable of processing 3 billion pounds of Pennsylvania-based dairy each year at full capacity, creating more than 900 direct jobs in the region. In addition to taking over KDP\u2019s facility, Chobani is getting KDP\u2019s full equity stake in Chobani, which KDP is selling back to the company for $800 million.<\/p>\n
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Construction at Cleveland-Cliffs\u2019 facility is anticipated to begin within the next few weeks with a goal to become fully operational by 2030.
Getty Images<\/p>\n
PREPARED FOR THE FUTURE OF STEELMAKING<\/p>\n
The U.S. Department of Energy (DOE) has officially established the framework to finalize negotiations and implementation plans for Ohio-based steel producer Cleveland-Cliffs to upgrade its plant in Middletown. Located about 20 miles southwest of Dayton, the company\u2019s Middletown Works facility currently produces about 3 million tons of raw steel per year. The combined $1 billion investment between Cleveland-Cliffs and the DOE at the Middletown Works facility will support upgrades to its blast furnace, advanced material handling infrastructure and AI-enable process control technologies. Integration of an advanced cogeneration facility will enable the company to capture and use blast furnace gas to create electricity and steam to be utilized on-site, improving the site\u2019s energy efficiency and reducing reliance on externally supplied electricity. \u201cThrough our cooperation with President Trump\u2019s Administration and the U.S. Department of Energy, we developed a project reliant on proven technology that improves operational efficiency and competitiveness,\u201d said Cleveland-Cliffs Chairman and CEO Lourenco Goncalves. \u201cThe DOE\u2019s support for this project is a testament to the importance of preserving the blast furnace route to produce automotive-exposed grade steels in the U.S., while advancing American energy dominance.\u00a0<\/p>\n
Reports compiled and written by Alexis Elmore<\/p>\n","protected":false},"excerpt":{"rendered":"A PRODUCTION BOOST IN BEREA Astemo Americas, Inc. is placing $112 million toward increased hybrid electric vehicle motor…\n","protected":false},"author":2,"featured_media":281549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[119,121,120],"class_list":["post-281548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allentown","tag-allentown","tag-allentown-headlines","tag-allentown-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/281548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=281548"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/281548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/281549"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=281548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=281548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=281548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}