Chart Industries, which is New Prague’s largest employer, plans to add a 111,525-square-foot manufacturing facility to accommodate 80 new employees in the Minnesota city.
Manufacturing
Driven by a 10.4 percent revenue boost and a growing industrial vending machine business, Fastenal’s earnings grew nearly 13 percent during the third quarter.
Profits rose dramatically as the company cut costs, but Cargill said that the impact of the U.S. drought on its business “has been mixed and will continue to be so in the months ahead.”
The restructuring comes about seven months after CEO Inge Thulin took the helm and two days after the company agreed to acquire industrial ceramics maker Ceradyne.
The Bloomington-based glass products maker beat quarterly earnings and revenue estimates, prompting it to raise its full-year outlook.
Ecolab CEO Doug Baker said that the company is in need of additional leadership support after its $8.3 billion acquisition last year of Nalco Holding Company.
The company will break ground next week on a 144,000-square-foot expansion and expects to complete it by late summer 2013.
Some locked-out American Crystal Sugar workers appealed to North Dakota’s Supreme Court after being denied unemployment benefits; meanwhile, a Crystal Sugar executive said that replacement workers are doing a “fabulous job.”
The metro area’s 2011 exports totaled $26.2 billion in 2011, up 12.9 percent from the previous year, according to the U.S. Department of Commerce.
Geringhoff chose a St. Cloud site over more than 40 other prospective locations across North America because of the quality of the local work force, support from regional government agencies, and proximity to raw material suppliers.
Vadnais Heights-based H.B. Fuller said that the acquisition will help it to better serve the growing electronics market.
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
New York Mills-based Lund Boat Company and its parent company reached a settlement with the federal government over alleged hiring discrimination; the companies admitted no wrongdoing.
Anser Innovation’s PetChatz device, through which pet owners can communicate with their furry friends remotely and even dispense treats, is one step closer to a launch.
Eleven massive propeller pumps designed by Pentair are diverting water away from levees in New Orleans. Twin Cities companies, meanwhile, are watching to see what effect the storm has and what they can do to help.
The countertop maker plans to increase production in order to keep up with a spike in demand.
Company officials and union representatives convened Monday to discuss a “return-to-work” agreement; the company said it is “not optimistic of reaching a resolution” due to the differences between its proposal and the union’s counter proposal.
Workers at Georgia-Pacific’s Duluth plant were notified Tuesday morning that the facility will shut down at the end of the month.