Shippers are having trouble hauling their full cargo loads on Lake Superior because water levels are well below their monthly averages.
Manufacturing
After dropping its frozen pizza manufacturing sector, Austin Packaging will reportedly cut 125 employees from its staff of 250.
700 episodes and still renovating for television.
That figure represents a 0.6 percent increase from the fourth quarter of 2011, lagging the 2.8 percent national average during the period.
Some of the company’s products that are used in catheterization procedures have been recalled because of a potential for air leakage, which could lead to an obstructed artery and result in serious injury or death.
The airplane manufacturer appointed Pat Waddick, a longtime employee and chief engineer of the company’s original aircraft, as president.
In partnership with Bobcat, the company just launched a new line of commercial utility vehicles, a move that signals its growing interest in the commercial market.
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
The Bloomington-based maker of filtration systems lowered its sales and earnings outlook, saying it expects continued weakness in certain markets amid continued economic uncertainty.
Local incentives, including a reported $4.9 million tax incentive package, helped lure an investment that city and state officials believe will help retain about 1,200 jobs in Owatonna.
The Bloomington-based company said quarterly earnings climbed nearly 60 percent, driven by strong demand for large turf equipment and growth in “mico-irrigation” sales.
A U.S. Department of Energy test exposed solar panels made by six manufacturers to high humidity and extreme temperatures and found that those made in a plant on Minnesota’s Iron Range are the most durable.
Cirrus Aircraft is one of several companies that is boosting headcount in Duluth.
The University of Minnesota study found that production of key global crops is likely to increase 38-67 percent by 2050 while the estimated need for those crops will increase by 60-110 percent in that period.
Altec HiLine is awaiting approval for a $250,000 forgivable loan from the state that would aid its planned $1 million expansion in Duluth.
The company’s fourth-quarter profits jumped nearly 400 percent, driving shares of its stock to close Wednesday at a record high of $52.82.
Meanwhile, the plant is undergoing a $50 million upgrade, for which it received several local incentives.
It’s unclear what exactly the future holds for the property, but the new owner reportedly plans to disassemble the plant and will not reopen the paper mill.