AGP Executive Report
Last update: 3 hours agoFactory Growth: U.S. manufacturing expanded for a 10th straight month in October, with the ISM PMI reaching 55.5 and factory production posting its strongest growth since 2021. But rising input costs and steel tariffs continue to squeeze manufacturers. New Investment: Hyundai plans to invest $450 million in its Alabama manufacturing operations, while Lockheed Martin’s $420 million Camden expansion is expected to add 650 jobs. U.S. Steel has also broken ground on a $1.9 billion direct-reduced-iron facility in Arkansas. Capacity Buildout: Atlas Copco is expanding U.S. compressor and vacuum-pump production at three sites, and Cambrex has begun a $120 million expansion at its Iowa pharmaceutical ingredients plant.
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