The vehicles are described as “highly-mobile,” allowing for the transportation of military personnel and gear through “extreme off-road terrain.”
Manufacturing
The Department of Employment and Economic Development hired John Shoffner as the agency says Minnesota is experiencing a surge in business expansions and job openings.
While the layoffs haven’t yet occurred, SIFCO Industries said they will be doled out in upcoming phases.
A new report highlights the importance of manufacturing to Greater Minnesota, which is expected to experience the fastest growth in manufacturing jobs this decade.
The U.S. Export-Import Bank is considering funding a loan that would promote the exportation of U.S.-made equipment—but could aid Minnesota companies’ competitors.
The growing company is looking to increase its manufacturing space.
After missing third-quarter expectations, Valspar now expects to earn between $3.45 and $3.55 per share for the full fiscal year.
Uroplasty’s former chief financial officer retired after the company investigated issues regarding internal financial controls; Brett Reynolds will now take over the role.
The company sold its air emissions control business, which helps plant operators meet requirements involving the use of fossil and renewable fuels.
The Wayzata-based company saw its annual and fourth-quarter profits skyrocket, following especially dismal financial results last year.
U.S. District Judge Joan Ericksen ruled against AGA Medical Holdings in a patent lawsuit involving a medical device used to treat heart defects.
New upgrades to Donaldson’s testing laboratories are expected to boost efficiency and cut costs.
Bike parts wholesaler Quality Bicycle Products plans to expand its business, increase profits, and ship internationally bikes built at its Minnesota warehouse.
After investing in an Australian grain commodities business and beef processing company, Cargill has now purchased Joe White Maltings, an Australian malt producer.
Ecolab increased its full-year earnings outlook as it announced a 16 percent increase in quarterly profits.
The agriculture equipment manufacturer recently broke ground on a 67,000-square-foot facility in the small Minnesotan town of Norwood Young America and plans to hire 15 new employees.
The positive results were driven by increased sales across all of Arctic Cat’s product categories.
The Medina-based company reported double-digit growth in both earnings and revenue, and it’s gearing up for much-anticipated product launches.