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Wolfspeed announces Chapter 11 bankruptcy plans
DURHAM, N.C. and MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a facility in Marcy, announced plans to file for pre-packaged Chapter 11 bankruptcy
Hochul directs NYPA to develop a new upstate nuclear-power plant, location to be determined
LEWISTON, N.Y. — Gov. Kathy Hochul says she wants the New York Power Authority (NYPA) to develop and construct a zero-emission, advanced nuclear-power plant somewhere
International Wire Group to acquire Pennsylvania copper company
CAMDEN, N.Y. — International Wire Group (IWG), a member of the Olympus Partners and Atlas Holdings portfolio, entered into a purchase agreement to acquire Hussey Copper of Leetsdale, Penn. “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem,” IWG CEO Gregory Smith said in a press release announcing the
Micron, U.S. agree on expanded investments in manufacturing, including Clay campus
Micron Technology, Inc. (NASDAQ: MU) says it expects to begin ground preparation in Clay later this year following completion of state and federal environmental-review processes. The expectation was part of a June 12 announcement with the Trump Administration indicating Micron’s plans to expand its U.S. investments to about $150 billion in domestic memory manufacturing and
New York manufacturing activity dips for a fourth straight month
New York manufacturers are indicating that they’re still struggling with new orders and shipments, leading to continued contraction in the sector. The Empire State Manufacturing Survey general business conditions index fell 7 points to -16.0 in June, with business activity for manufacturers declining for a fourth consecutive month. The June survey found that after rising
Saab wins $15M U.S. Navy contract modification for multi-mode radar production
DeWITT, N.Y. — Saab Inc. in DeWitt recently won a $15 million modification to a previously awarded U.S. Navy contract to exercise an option for multi-mode radar production and engineering support. Work on the firm-fixed-price and cost-plus-fixed-fee modification will be performed in DeWitt (49 percent) and Gothenburg, Sweden (51 percent), and is expected to be
Village Grove project in Trumansburg earns Passive House certification
TRUMANSBURG — A Trumansburg housing development that HOLT Architects designed for Ithaca Neighborhood Housing Services (INHS) earned a Passive House certification. Village Grove’s certification — which Ithaca–based HOLT Architects announced March 4 — represents a “significant step forward in the movement toward more sustainable, equitable housing solutions in New York State,” the firm said. Passive
Semikron Danfoss announces Marcy downsizing initiative
MARCY, N.Y. — Semikron Danfoss plans to ramp-down production at its facility in Marcy as part of a controlled scale-down over the remainder of the
Cayuga Milk Ingredients formally opens $270M expansion near Auburn
AURELIUS, N.Y. — Cayuga Milk Ingredients (CMI) on Wednesday formally opened its $270 million expansion following a two-phase project in the town of Aurelius in Cayuga County, near Auburn. The new facility will allow the company to more than double its workforce, adding up to 150 new jobs to the existing workforce of 100 employees,
Air Force’s Rome Lab generated nearly $600 million economic impact in latest fiscal year
ROME, N.Y. — The Air Force Research Laboratory Information Directorate in Rome had a $599 million economic impact on the Utica-Rome and Syracuse metropolitan statistical
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