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Manufacturing

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Deere names May president and chief operating officer; announces executive promotions

Deere & Co. announced this morning that its board of directors has elected John May as president and chief operating officer, effective April 1. May, 49, has worked for the manufacturer for 22 years and …
By BUSINESS RECORD STAFF | Mar 1, 2019
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Application deadline is March 1 for advanced manufacturing scholarships

Applications are being accepted through March 1 for Elevate Advanced Manufacturing scholarships. Fifteen $500 scholarships will be awarded to high school seniors who are attending an Iowa community college in the fall for a career …
By BPC Staff | Feb 27, 2019
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HNI Corp. reports higher earnings

Quad-City Times: Office furniture maker HNI Corp. reported higher earnings despite facing demand and trade challenges. Muscatine-based HNI announced earnings of $93 million, or $2.11 per share, for the full year that ended Dec. 29, 2018. …
By BPC Staff | Feb 27, 2019
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‘Tariffs and trade’ hobble Deere earnings

Deere & Co. blamed “tariffs and trade policies” for weighing on market sentiment, resulting in first-quarter earnings that missed estimates by a country mile. Deere reported earnings of $1.54 per share on revenues of $6.9 …
By BPC Staff | Feb 15, 2019
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Iowa’s Winnebago Industries has big plans for luxury boatmaker Chris-Craft

Sarasota (Fla.) Herald-Tribune: Sarasota’s Chris-Craft Corp. and its owner, Iowa-based Winnebago Industries Inc., have big plans. The blueprint for increasing the number of boat models Chris-Craft offers, the size of its plant and its workforce are …
By BPC Staff | Feb 8, 2019
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Arconic is splitting in 2

Business Insider: The aluminum-products maker Arconic said this morning that it will split into two businesses and spin-off one of them. Arconic, which was separated from the new Alcoa on Nov. 1, 2016, said it will …
By BPC Staff | Feb 8, 2019
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Winnebago moving some Oregon motorhome production to Iowa

Waterloo-Cedar Falls: Winnebago Industries says it’s shifting to its Forest City campus the production of Class A diesel motorhomes from the company plant in Junction City, Ore. Winnebago announced today that the change will consolidate product …
By BPC Staff | Feb 4, 2019
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Iowa among most at-risk for job automation

Waterloo Cedar Falls Courier: M & W Manufacturing in Cedar Rapids presents one side of the response to a growing body of projections — including a new report from the Brookings Institution — that automation and …
By BPC Staff | Feb 4, 2019
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Maytag Dairy Farms now owned by Iowa private equity fund

Midwest Growth Partners, a West Des Moines private-equity fund, has purchased Maytag Dairy Farms, the nationally recognized maker of Maytag blue cheese, according to a release. Midwest Growth Partners didn’t disclose details about the purchase, but …
By BPC Staff | Feb 4, 2019
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PDM Precast plans expansion in S.E. Agrimergent Business Park

Adam Petersen, one-half of a pioneering team of brothers-in-law that ventured into Des Moines’ Market District to build a three-story office building a few years back, is again venturing where few have gone in recent …
By KENT DARR | Jan 31, 2019
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