Alabama’s original Golden Flake factory site purchased for $6 million
Alabama-based brand Golden Flake has sold its original five-building factory complex in Birmingham, which first began operations in 1958 and includes a 283,310-square-foot warehouse building and an additional 36.7 acres of land. Chattanooga investment group Second in Building Materials Inc. reportedly paid $6 million for the acquisition. The group said it plans to spend $3 […]
Videos Show Aftermath Of Deadly South Korean Factory Explosion That Killed At Least 22
A series of fires and explosions broke out at a lithium battery factory in an industrial area of ​​South Korea on Monday, killing at least 22 people, multiple media reports said. Published videos Reuters and Sky News Fire engines arrived at the scene of the fire, with smoke rising high into the sky. The warehouse […]
Elon Musk Blasts ‘Dumbest Eco-Terrorists’ After German Tesla Factory Set On Fire
Tesla founder Elon Musk on Tuesday criticized a group believed to have claimed responsibility for the alleged arson attack on Europe's only Tesla factory in northeastern Germany. “[U]”In the early hours of March 5, unknown perpetrators deliberately set fire to a high-voltage tower between Steinfurt and Hartmannsdorf,” Brandenburg's interior ministry said in a statement. statement. […]
Leon Panetta Says China Could Use Dem-Backed Battery Factory To Spy On America
Former CIA Director Leon Panetta warned Tuesday that the Chinese Communist Party (CPP) could use Democratic Party-backed green energy factories to spy on Americans. Panetta said during Tuesday's hearing held by the House Select Committee on CCP in Washington, D.C., that the Chinese Communist Party could use Gorshon's planned facility in Michigan to conduct espionage […]
New York’s Deal To Build Elon Musk A Solar Panel Factory Turned Into A Nearly $1 Billion ‘Boondoggle’
According to The Wall Street Journal, New York State invested nearly $1 billion in Elon Musk to build a large-scale solar panel factory, but failed to meet initial expectations such as increased production and economic development. It is said that New York State began construction on a 1.2 million-square-foot industrial facility in 2015 that it […]
KORE Power battery factory in Arizona gets $850M federal loan to build
The company that will operate the advanced battery plant slated for Buckeye has received a conditional commitment to an $850 million federal loan to build the facility. The U.S. Department of Energy financing will support KORE Power’s 1.33 million square foot facility to manufacture batteries for electric vehicles and trucks, as well as energy storage […]
Black workers at California Tesla factory allege rampant racism, seek class-action status | Business
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First solar-powered cobalt factory in the U.S. planned for Yuma | State
license link image source link (central square) – EVelution Energy is building the United States’ first solar-powered cobalt processing facility in Yuma County, Arizona. Construction is set to begin in 2024 and the facility is expected to be fully operational in 2026. The $200 million investment will provide approximately 300 construction jobs and 60 field […]
LG Energy Solution plan for Arizona battery factory grows to $5.5B
LG Energy Solution said it quadrupled the initial budget for its Queen Creek battery manufacturing plant and now plans to spend $5.5 billion on the project. This could create thousands of jobs and make it the largest independent battery complex in North America. South Korean companies’ lithium-ion batteries power electric vehicles, mobility devices, information technology […]
P&G Buys Site for Phoenix-Area Factory – Commercial Property Executive
Procter Gamble’s new site Coolidge Ariz. Image from Google Earth Procter & Gamble Company Completed the acquisition of approximately 430 acres in Coolidge, Arizona for the development of new industrial real estate to support the consumer products company’s fabric care product portfolio. Phoenix Business Journal was recently reported. The land purchase comes just two months […]
