Manufacturing
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JBS to Shut Down Souderton Beef Plant by August
JBS, one of the world’s largest meat producers and a major Montgomery County employer, plans to close its beef processing facility in Souderton by Aug. 14, writes Ariana Perez-Castells for The Philadelphia Inquirer. A Modernization Push Amid a Tightening Cattle Market The company said the decision is part of a broader effort to modernize its…
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How a Philadelphia Company Fits Into SpaceX’s $2 Trillion IPO Story
SpaceX completed its blockbuster initial public offering on Friday, and by the closing bell, its valuation had surged past $2 trillion, instantly making Elon Musk the world’s first trillionaire, at least on paper. The headlines went where they always go: Musk, Starship, the future of space exploration. But buried in that story is a quieter…
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Inside Philadelphia’s Fleer Factory: The Rise and Fall of Olney’s Baseball Card Empire
For several decades, manufacturing company Fleer helped define generations of Philadelphians, as well as a prominent industry, writes Matt Breen for The Philadelphia Inquirer. Founded in Philadelphia in 1885, Fleer would later become a cornerstone of the city’s baseball card industry, printing its first baseball cards in 1923. Its productions included a 1986 Michael Jordan…
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Accupac Shutting Down New Jersey Plant as Operations Shift to Montgomery County
Accupac is consolidating its operations in Pennsylvania as the Harleysville manufacturer prepares to close a New Jersey production facility, writes John George for the Philadelphia Business Journal. According to a filing submitted to New Jersey labor officials, the company plans to shut down its manufacturing plant in Lakewood, New Jersey, with layoffs beginning in August…
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Hanwha Philly Shipyard Aims to Hire Up to 10,000 Workers, Quadrupling Workforce
South Korea-based Hanwha plans to quadruple its workforce at the Philadelphia Navy Yard shipyard, by aiming to hire up to 10,000 workers over the next five years, writes Ryan Mulligan for the Philadelphia Business Journal. The hiring spree is part of an effort to expand the shipyard’s production capacity more than tenfold, which should increase…
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‘60 Minutes’ Highlights Philadelphia’s Central Role in America’s Shipbuilding Revival
America has been struggling in the shipbuilding department for decades now, but Philadelphia could play a critical role in the potential of the nation’s industrial revival, according to a recent segment on 60 Minutes. The Philly Shipyard is one of only two remaining the nation building large commercial cargo ships. However, it now reflects decline…
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Hanwha Confirms Philly Shipyard’s Nuclear Submarine Capability for U.S. Navy
Hanwha Group’s global chief strategy officer Alex Wong recently said the company’s Philly Shipyard is capable of building a nuclear-powered submarine for the U.S. Navy, writes Heejin Kim for Reuters. “The U.S. government’s commitment to nuclear-powered submarine capability, its own and of the allies is very strong,” said Wong during Hanwha’s recent media day at…
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Multinational Company Puts Exton Property Up for Sale as It Consolidates in Montco
Specialty materials company Arkema is consolidating its company into space in Radnor and King of Prussia after putting its Exton laboratory and office building up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Located in the Oaklands Corporate Center, the four-acre property holds 12 labs, and offices take up the rest of the…
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Multinational Company Puts Exton Property Up for Sale as It Consolidates in Montco
Specialty materials company Arkema is consolidating its company into space in Radnor and King of Prussia after putting its Exton laboratory and office building up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. Located in the Oaklands Corporate Center, the four-acre property holds 12 labs, and offices take up the rest of the…
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Chalfont’s Byers’ Choice Has Crafted Holiday Figures for Almost 50 Years
For decades, Byers’ Choice in Chalfont has been crafting its iconic figurines, helping to decorate homes across the country for the holidays, reports Christie Ileto for 6abc. There are 40 artisans in the production facility who handcraft, paint, dress, and accessorize each figure. The business was started by Joyce Byers almost fifty years ago. “She began making the carolers really as Christmas decorations for around the house,…
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Plumsteadville Business Is One of Two Handbell Manufacturers in America
Plumsteadville is home to Malmark Bellcraftsmen, one of only two handbell makers in the country that have crafted their musical instruments for over 50 years, writes JD Mullane for the Bucks County Courier Times. Malmark employs 34 machinists, fine tuners, and assemblers who craft its handbells. “It’s a very specialized business (because) it’s a hard learning curve to machine…
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WSJ: Philadelphia-Based Paint Maker Merges With Amsterdam Paint Maker to Create Global Giant
Philadelphia-based Axalta Coating Systems has agreed to an all-stock merger with Amsterdam’s AkzoNobel, forming a trans-Atlantic paint company valued at about $17 billion, writes Adrià Calatayud for The Wall Street Journal. The two paint makers that were founded in the 18th and 19th centuries respectively, first explored a potential merger in 2017, though the deal…
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WSJ: Philly Shipyard Faces Tough New Task in Ongoing Mission to Revive U.S. Shipbuilding
Hanwha Philly Shipyard, acquired by a South Korean firm last year, has a new objective in its mission to revive U.S. shipbuilding: producing a nuclear-powered submarine for the first time, writes Timothy W. Martin for The Wall Street Journal. Even before taking on its latest project, Philly Shipyard was already at the heart of President…
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Philadelphia Shipyard to Build South Korean Nuclear Submarines After U.S. Technology Deal
President Donald Trump announced last month on social media that the United States will share its nuclear submarine propulsion technology with South Korea, which plans to construct its submarines at the Philadelphia Shipyard, writes Justin Katz for Breaking Defense. “South Korea will be building its Nuclear Powered Submarine in the Philadelphia Shipyards, right here in…
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Sojo Industries Signs Largest Lease of 2025 for Langhorne Building
Sojo Industries, the fast-growing packaging and robotics firm, has tripled its Bucks County footprint by signing a 215,000-square-foot lease in Langhorne, marking one of the largest leases in the Philadelphia region this year, writes Ryan Mulligan for the Philadelphia Business Journal. “We’re seeing tremendous growth in this region,” said Sojo Industries CEO Barak Bar-Cohen. “There’s…
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Tariffs Deal Blow to Warminster Electrochemical Instrumentation Firm
Warminster-based Gamry Instruments, which produces electrochemical instrumentation and accessories, is one of many Bucks County companies facing challenges related to tariffs, writes Tom Sofield for the New Hope Free Press. Gamry Instruments’ products range from glucose sensors to corrosion testing systems for the U.S. Navy ship hulls. They are used across both consumer and industrial…
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Is Conshohocken Site of Former Cleveland-Cliffs Poised for a Future in Tech?
The once busy Cleveland-Cliffs steel plant in Conshohocken may soon be reborn, writes Paul J. Gough for the Philadelphia Business Journal. In all likelihood, its future will not be in molten metal, but in high-speed data cables. Representatives of the plant that closed earlier this year due to financial loss say they have received serious…
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Defense Contractor Alloy Surfaces in Aston Laying Off Workers
About 52 employees are being laid off at Alloy Surfaces Co. Inc., a military contractor in Aston, writes Ariana Perez-Castells for The Philadelphia Inquirer. The layoffs come as the company decides whether to close the Aston facility or sell the business. Alloy Surfaces is part of Chemring Group PLC, a technology manufacturing and services company…
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