Articles tagged with "Industrial"

Canada has introduced counter-tariffs and protective measures to support its steel and aluminum industries in response to U.S. tariffs. Prime Minister Mark Carney announced these actions and mentioned a mutual agreement with U.S. President Donald Trump to negotiate a trade deal aimed at resolving the tariffs issue within 30 days. This move highlights ongoing trade tensions and efforts towards a resolution.

The Canadian government, led by Prime Minister Mark Carney, has announced new measures to combat U.S. tariffs on steel and aluminum products. These measures include rules to prioritize Canadian steel and aluminum, as well as tariff-free products from other trade partners. This strategy aims to protect Canada's steel and aluminum industries and ensure the smooth operation of trade under current global conditions.

Nippon Steel and U.S. Steel have finalized a major acquisition deal, with the Japanese company taking over the American steelmaker for nearly $15 billion. This comes after addressing national security concerns and navigating the political landscape. The acquisition marks a significant shift in the steel industry, reflecting increased global collaboration and investment.

JetZero, a startup in the aerospace industry, is planning to build a $4.7 billion factory in North Carolina. This facility aims to produce more fuel-efficient and spacious aircraft, creating 14,500 new jobs. The endeavor is part of the company's strategy to advance aviation technology and sustainability.

T1 Energy, a renewable energy company, has selected Yates for the preconstruction phase of their new solar power plant in Texas, valued at $850 million. The facility will have a capacity of 5 gigawatts. Yates, based in Mississippi, is also anticipated to be appointed as the general contractor for the project.

Russia's Rosatom has been appointed as the main constructor for Kazakhstan's first nuclear power plant, a project also pursued by France, China, and South Korea. The Central Asian country, a key producer of uranium, seeks to address its electricity shortage through this project. While Rosatom will lead, Kazakhstan is exploring international financing options with Russia's support. The plant is to be built near the village of Ulken on the shores of Lake Balkhach.

Davie has announced its plan to acquire two shipyards in Texas from Gulf Copper & Manufacturing, with intentions to invest US$1 billion in upgrading them. This acquisition will support U.S. federal priorities and is expected to create roughly 4,000 jobs. The deal, marking Davie's expansion into the U.S., is anticipated to close by summer 2025, following regulatory approvals. The move will strengthen Davie's role in the U.S. shipbuilding industry and address the Arctic capability gap.

In April, the total value of building permits in Canada declined by 6.6%, largely due to a decrease in the residential sector. Residential construction intentions fell to $7.4 billion, with a significant drop in multi-family dwelling permits, particularly in British Columbia. Conversely, non-residential building permits rose by 3.3%, led by industrial and commercial sectors, especially in Ontario. Overall, Ontario saw an increase in non-residential permits, while British Columbia experienced the largest decline in residential permits.

Boeing has selected Jacobs, a Dallas-based contractor, to manage its $1.8 billion campus expansion project in St. Louis. The project involves multiple phases of construction set to be delivered between 2026 and 2030. This expansion aims to enhance Boeing's capacity and capabilities at the site.

A Japanese company, AESC, has paused the construction of its $1.6 billion battery factory in South Carolina. The decision comes amid uncertainty over policies and markets, specifically related to potential changes in federal tax breaks and tariffs. The factory was intended to supply batteries for BMW's electric vehicles. The halt reflects challenges faced by the automotive industry in adapting to fluctuating policy landscapes.

Amazon is planning a $10 billion investment in North Carolina to develop a data center and artificial intelligence campus. This project will significantly bolster the region’s economy, which has struggled since the decline of textile and apparel industries. The new campus will focus on expanding Amazon's capabilities in cloud computing and AI infrastructure.

The latest images reveal that a power plant at the world's largest construction site is nearing completion. This project represents a significant milestone in the development efforts at this expansive site. The power plant is a crucial component of the infrastructure being developed to support the entire site. The successful completion of this project marks a key advancement in the overall construction timeline.