
Truckers of America Announces New Florida Manufacturing Facility
Truckers of America, a manufacturer of heavy-duty trailer axles and precision-machined components, announced that the company, with dual offices in Miami and Brooklyn, will build a new manufacturing facility somewhere in Florida.
According to the official press release, the new Truckers of America manufacturing facility in Florida will open in 2024 and have the capability to produce 5,000 trailers axles per month. The exact location of the new Florida manufacturing facility was not given.
In the second half of the press release, Truckers of America indicates plans for future expansion and construction of new facilities in both New Jersey and Texas in 2025. The company’s CEO, Gary Sultan, is courting private investors for these initiatives.
“We welcome the partnership of individuals and organizations who are as passionate about driving the future of transportation as we are. Our doors are open to private investors who wish to join us on this journey of growth and success.” – CEO Gary Sultan
Georgia Makes Shortlist For BioMADE Network Expansion
Georgia has officially made the shortlist of six states that are under consideration as potential sites for a national network of bioindustrial manufacturing pilot facilities.
The announcement was made by BioMADE, a Defense Department initiative that seeks to re-shore bioindustrial manufacturing jobs here in the U.S. Bioindustrial manufacturing is the process of converting agricultural feedstocks and waste streams to high-value chemicals, materials and industrial products.
Georgia was announced as one of the six states on the shortlist of potential BioMADE sites. The other states under consideration are California, Hawaii, Indiana, Iowa and North Carolina. Last year, BioMADE announced Minnesota would be the site of the first facility in the national network.
Onx Homes Launches New Factory In Pompano Beach
Onx Homes, a highly innovative homebuilder harnessing new technology to streamline the homebuilding process from 8 months down to 30 days, has launched a new factory in Pompano Beach capable of building 1,200 new homes a year.
The company recently opened the doors of its new $50 million, 150,000-square-foot factory to media, housing pros, sustainability experts, and local officials. The company plans to replicate the state-of-the-art X+ Construction Systems Factory in four new markets: Arizona, California, Nevada and Texas.
Self-dubbed as “the first technology homebuilder in the U.S. to crack the speed and scalability code,” Onx is developing attractive communities across South Florida with over 1,500 homes completed and another 700 homes to be delivered this year.
New and planned South Florida communities like On Grandville in Homestead highlight Onx Home’s unique combination of attractive design, quick delivery and affordability with 3-story, 4 and 5-bed townhomes starting in the low $400,000s.
Hyundai Shifting Georgia Plant Focus From EVs To Hybrids
The production focus at Hyundai Motor Group’s Metaplant may be shifting as the pace of EV adoption and popularity plummets here in the U.S.
This week CNBC reported that Hyundai may now be shifting the focus of the $7.6 billion Georgia Metaplant to hybrid vehicles and plug-in hybrid vehicles.
We are now getting ready for a ramp-up on electric vehicles and then we are evaluating if we need to maybe add some additional technologies into the plan depending on the market evaluation. – José Muñoz, Hyundai President and Global COO
As reported last month, the official launch date for new vehicle production at Hyundai’s new multi-billion-dollar Georgia facility has been moved up to the fourth quarter of this year.
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If you own an established manufacturing business in Florida or Georgia and would like to get a better understanding of the current market value of your company and important steps you can take today to maximize that value, get in touch with a CII business advisor today.