Decatur County, Ga., Chosen as Site for New Lithium-Ion Battery Materials Factory

July 27, 2023

Chicago-based Anovion Technologies, a climate tech-driven advanced materials company, announced recently that it had selected Decatur County, Ga., as the site of its first large-scale expansion of manufacturing capacity for production of premium synthetic graphite anode materials. Anovion chose the location in the southwest part of the Peach State to invest an initial $800 million […]

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Computer Vision Insurtech Pioneer CompScience Raises $10M Series A Led By Valor Equity Partners

July 27, 2023

Rapid adoption by safety-conscious customers, deployments at Fortune 500 facilities, and passionate early adopters drove interest in AI-powered safety analytics insurtech platform SAN FRANCISCO, July 27, 2023 (GLOBE NEWSWIRE) — CompScience Insurance Services, the leading AI-powered safety analytics platform, announced a $10M Series A round led by operational growth investment firm Valor Equity Partners, early […]

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Building materials maker Holcim banking on U.S. reshoring boom

July 27, 2023

ZURICH, July 27 (Reuters) – Holcim said on Thursday it expects to set another record for sales from North America this year as the world’s biggest cement maker goes after new business resulting from companies bringing production home and taking advantage of government subsidies. The forecast came as the company (HOLN.S) posted better-than-forecast quarterly results. […]

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De-risking from China will lead to a ‘more expensive world,’ warns CEO of Singapore’s nearly $290 billion investment firm: ‘It’s an insurance policy, you pay a premium’

July 26, 2023

The G7, the collection of rich economies including the U.S., debuted a new approach toward China at the group’s annual summit in May, hoping to imply that the West was merely interested in reducing its dependence on the world’s second-largest economy, rather than trying to constrain Beijing more broadly. But the CEO of Temasek Holdings, […]

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The Top 5 States Benefiting from Reshoring

July 25, 2023

Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox. According to Xometry’s latest American Manufacturing Resurgence Poll, 48% of CEOs have reshored some or all of […]

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The Hidden Risk of Chinese Suppliers

July 25, 2023

The economic news coming from China isn’t good. While the U.S. economy is expanding, the Chinese economic growth rate has declined from double digits just a few years ago to 3% in 2022. According to China’s General Administration of Customs, China’s exports have fallen for four of the six months so far in 2023. Shipments […]

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Nucor Corporation: A Well-Managed and Promising Steel Company

July 25, 2023

Nucor Corporation (NYSE:NUE) is a steel company that offers strong prospects and is undervalued. While the current valuation may not seem like a bargain, it fails to recognize the importance of steel in the four mega-trends of rebuilding, reshoring, repowering, and renewing. These trends, which are essential for the transition towards cleaner energy sources, will […]

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Smart manufacturers enable industrial independence

July 25, 2023

And it goes beyond chips. The US has also passed the Inflation Reduction Act which envisages the mobilisation of $1.5 trillion of capital into clean energy, including advanced manufacturing production credits. Europe has followed suit with its Green Deal Industrial Plan which offers €390 billion of funding to enhance the EU’s manufacturing strength in strategic […]

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The Rise of The Robots – So What?

July 24, 2023

In this article, David Alatorre – Chief Technical Officer at Rivelin Robotics, explores the challenges being faced by manufacturing organisations across industries. A societal and cultural shift away from manual, craftsmanship-based roles, coupled with the perception of health risks in manufacturing occupations has led to a significant skills shortage in the sector. Various other challenges […]

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Talent Talk: Welcome to the Titanium Economy

July 24, 2023

After taking a “week off” to spotlight the jaw-dropping number of new US factories being built, this is a continuation of the tremendous story that US manufacturing is writing. Thus far we have discovered that we are in what is commonly referred to as Industry 4.0, and that factors like reshoring and government incentives are […]

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