JCB recently announced that it will build a new factory in North America, creating 1,500 new jobs over the next five years. The British company is a global manufacturer of construction equipment and also builds machinery for the agricultural and waste-handling industries. JCB said this new facility will manufacture machines mostly for North American customers. […]

“Going to Montana was like going home to Thuringia,” said Jens Bergner, CEO of Vacom, referring to the company’s home base in the city of Größlobichau in the east-central German state. Earlier this month, Vacom announced it will locate its new American headquarters and factory facility in Lewistown, Montana, with an eventual total investment of […]

According to Xometry’s 2024 Automotive Manufacturing Industry Survey, the majority of leading automotive professionals are feeling optimistic about the future. As many as 68% of survey respondents, which include decision-makers and industry experts, said they expect their company to grow in 2024. As well as market growth, automotive companies must navigate worker shortages, pressure to […]

Kim Dong-hoThe author is an editor of economic news at the JoongAng Ilbo.Gloomy signs are prevalent across the Korean economy. Stock brokerage houses and retailers are cutting back their payroll. Even the richest — Samsung Electronics — is contriving ways to save fixed costs by providing less-expensive cars for new executives and shortening the term […]