AABP EP Awards 728x90

Manufacturing

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Cargill proposing $37.6M project to update C.R. corn milling plant

Corridor Business Journal: Cargill is asking Cedar Rapids and state officials to support incentives for a $36.7 million project to update the company’s corn milling plant in Cedar Rapids. The project includes $31.5 million for equipment …
By BPC Staff | Jan 7, 2019
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Marion Process Solutions acquired by private equity firm

Marion Process Solutions, one of the Iowa City-Cedar Rapids area’s oldest locally based manufacturers, has been acquired by a private equity firm in a move that’s expected to accelerate growth, the Corridor Business Journal reported. Chicago-based May …
By BPC Staff | Jan 7, 2019
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Gun maker moving to Eldridge is bringing huge contract for Estonia

Quad-City Times: A gun-making group moving to Eldridge this spring is bringing with it a $25 million contract to make rifles for a European military. Lewis Machine & Tool, which is relocating from Milan, Ill., to …
By BPC Staff | Jan 7, 2019
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Lely to create North American headquarters in Pella

Lely North America sought $724,900 in state tax credits as the company plans a new, 150,000-square-foot facility in Pella to house the Lely Group’s North American headquarters. The expansion will allow products manufactured in Europe …
By BUSINESS RECORD STAFF | Dec 26, 2018
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Winnebago quarterly earnings up 23 percent

Winnebago Industries Inc. reported “robust” sales growth for its fiscal 2019 first quarter. Revenues for the quarter ended Nov. 24 were $493.6 million, an increase of 9.7 percent compared with $450 million for the fiscal …
By BUSINESS RECORD STAFF | Dec 19, 2018
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Deere launches Startup Collaborator program

Deere & Co.’s Intelligent Solutions Group is launching a new startup collaboration program to build relationships with tech companies seeking to reach John Deere customers.

The Startup Collaborator is a partnership initiative to allow Deere …
By BUSINESS RECORD STAFF | Dec 19, 2018
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Lennox International says insurance will cover losses sustained in Marshalltown tornado

Lennox International, which sustained heavy damage to its Marshalltown manufacturing facilities during the July 19 tornado, said insurance proceeds “in some cases exceeded expectations,” reports the Marshalltown Times-Republican. The company expects to receive about $347 million …
By BPC Staff | Dec 17, 2018
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Cedar Rapids mayor vows more talks before Cargill rail yard advances

Cedar Rapids Gazette: Amid a chorus of opposition from neighbors, Cedar Rapids Mayor Brad Hart has vowed more public input will be heard before any official action is taken on Cargill’s proposal to create a 10-track …
By BPC Staff | Dec 6, 2018
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Deere announces senior leadership changes

Deere & Co. today announced realignment of responsibilities for some members of its leadership team in response to the planned retirement of a member of senior management. Jean Gilles, senior vice president of power systems, worldwide parts …
By BPC Staff | Dec 3, 2018
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United Technologies to separate into three companies

United Technologies announced late Monday that it has completed its acquisition of Rockwell Collins, and that it intends to separate into three companies: United Technologies, Otis and Carrier, CNBC reported. United Technologies has combined Rockwell Collins with …
By BPC Staff | Nov 27, 2018