Tag: Expand
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GlobalFoundries commits $16B to expand New York, Vermont facilities
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: GlobalFoundries announced plans Wednesday to invest an additional $3 billion to expand its semiconductor manufacturing and advanced packaging capabilities in Malta, New York, and Essex Junction, Vermont. The funds will go toward research and development…
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Lubrication Engineers Acquires RSC Bio Solutions to Expand Sustainable Lubricant Offerings
Lubrication Engineers, Inc. has acquired RSC Bio Solutions, a company known for producing biodegradable lubricants used in marine and industrial environments. The acquisition broadens LE’s product range with environmentally focused lubrication options and extends its presence in applications where sustainability and regulatory compliance are priorities. RSC Bio Solutions manufactures the EnviroLogic® and FUTERRA® product lines—lubricants…
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Utilimarc and Fleetio Partner to Expand Fleet Technology Solutions
Utilimarc has announced a new partnership with Fleetio, integrating the cloud-based fleet management platform into its suite of technology offerings. The collaboration aims to provide fleet operators with enhanced tools for managing maintenance, tracking performance, and improving operational efficiency. The partnership brings together Utilimarc’s expertise in fleet analytics with Fleetio’s platform, which offers maintenance management,…
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viAct Raises $7.3 M in Series A Funding to Expand AI-Powered Safety Solutions
Safety AI startup viAct has announced the successful closure of a US$7.3 million Series A funding round. The round was led by Venturewave Capital, an Irish impact investing firm, with participation from Singtel Innov8, Korea Investment Partners, and PolyU Entrepreneurship Investment Fund. viAct is an AI company dedicated to enhancing safety and efficiency in high-risk…
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Proposed New York law would expand prevailing wage requirements
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Lawmakers in Albany, New York, are weighing a change that could significantly expand the number of private construction projects required to pay prevailing wages. The proposal, which labor groups are hoping to include in the state budget…
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Large construction firms expand backlogs as smaller firms struggle
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog declined to 8.3 months in February, down about 1% from January, according to an Associated Builders and Contractors survey conducted from Feb. 20 to March 5. Work in builders’ pipelines fell for contractors…
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CASE Teams with Stone Equipment to Expand in Alabama
CASE Construction Equipment welcomes Stone Equipment to the CASE dealer family to bring the full line of CASE equipment, attachments, service, parts and financing options to customers in central and northern Alabama. Stone Equipment will operate as CASE Power & Equipment of Alabama with initial locations in Birmingham and Montgomery and plans to open additional Alabama…
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EPD Shares 2025 Plans to Expand in the US
Excavator Parts Direct (EPD), a manufacturer of excavator undercarriage parts and rubber tracks, revealed plans to expand its growth in the U.S. market through various investments. Over the next two years, the company will invest $250,000 in expanding its U.S. team, forming strategic partnerships, and broadening its product categories. EPD will enter a strategic digital…