IMEC | February 04, 2021
IMEC launched the Move Ahead Faster Projects for small and mid-sized manufacturers in Illinois to accelerate growth and productivity. IMEC, Illinois affiliate of the U.S Commerce NIST Manufacturing Extension Partnership (MEP) National Network, initiated projects to provide the necessary assessments and technical support. It will not only improve critical drivers of organizational success but will also address the most crucial needs. From this, eligible Illinois manufacturers will also get support from the industry experts. They will help strategize all plans, implement them and excel in all programs.
IMEC is a team of improvement specialists. They are entirely dedicated to changing lives and positively impacting Illinois' workforce. To drive growth, they help various organizations be productive and valuable by identifying issues, developing and implementing solutions, and providing essential support. Together, these will enable outshine strategy, workforce, leadership, operations, customer engagement, and measurement.
The projects differ by actions but are developed based on over 1,200 manufacturers' immediate needs. These projects are wholly funded through the CARES Act Recovery Assistance Funds. In this context, David Boulay, Ph.D. President – IMEC presented his words. He says this initiative is an influential manufacturing engine. Manufacturers need to upscale their skills and retool their methods, particularly after the pandemic. To do that, the Move Ahead Faster Projects will develop different manufacturing strengths and ensure manufacturers become even more competitive by 2021. With this initiative, Illinois manufacturing has become a significant contributor to the Illinois economy. The Illinois Manufacturers Association's Manufacturing Matters report shows 12.0% of the Gross State Product. It creates 592,200 jobs.
The Move Ahead Faster Projects are valued at $5,000 each, emphasizing various topics such as Global Market Presence, Industrial Hygiene, Finance, Leadership, Maintenance, and Technology. Existing small and mid-sized Illinois manufacturers with less than 500 employees are encouraging themselves to apply for one project. The selected projects must be conducted in Illinois and completed by July 30, 2021.
Marcia Ayala, President -Aurora Specialty Textiles Group, also shared his words. He finds this initiative is an excellent opportunity for the state's manufacturing companies. The Move Ahead Faster project options present the right range of critical topics to advance manufacturing competitiveness in the present marketplace.
IMEC is known among the 51 MEP Centers in the US and Puerto Rico.
MEP Centers are part of the MEP National Network. It includes the National Institute of Standards and Technology Manufacturing Extension Partnership (NIST MEP). Over 1000 manufacturing experts at 400 plus service locations can help US manufacturers succeed and advance US Manufacturing. In 2018, the MEP National Network assisted over 2700 manufacturers and created over 122,000 jobs.
The Lion Electric | March 15, 2021
Lion Electric (Lion), a creative maker of every single electric truck and transports, declared today the development of a battery fabricating plant and advancement focus in Quebec.
Using forefront innovation, the production line is wanted to start tasks in mid 2023 and will create battery packs and modules produced using Lithium-particle cells. Development is projected to get things started throughout the following not many months at an area to be affirmed soon.
The task and its advancement address a speculation of around $185 million CAD by Lion, who will profit by significant help by the bureaucratic and commonplace administrations of roughly $100 million CAD (adding up to $50 million CAD each). With the development of the plant, Lion predicts to see an impressive decrease in the expense of its vehicle producing while at the same time guaranteeing control and advancement of a vital part of its vehicle production network. Given the battery is the most costly part of an electric vehicle, this new assembling ability will straightforwardly affect the advancement of hard core electric transportation while likewise offering significant natural and monetary advantages.
The Prime Minister of Canada, the Right Honorable Justin Trudeau, the Prime Minister of Quebec, Mr. François Legault, the Minister of Innovation, Science and Industry, the Honorable François-Philippe Champagne, and the Minister of the Economy and Innovation, Mr. Pierre Fitzgibbon, made the declaration today, joined by Mr. Marc Bédard, CEO and Founder of Lion Electric.
LEADERSHIP AND STRATEGY
Novaria Group | January 14, 2022
On January 12, Novaria Group announced the acquisition of Hydro Fitting Manufacturing Corporation, a maker of bespoke high-pressure valves, charging kits, hose assemblies, and fittings for the aerospace and military industries. This is Novaria's sixth purchase since April 2020, as the company's broad family of aerospace and military components continues to grow. However, the deal's terms have not been made public.
Hydro Fitting was founded in 1962 and incorporated in 1981. The company serves clients in the aerospace, commercial automobiles, mining, heavy equipment, and military industries. Novaria's current fitting operation, Acra Aerospace, will remain headquartered in Covina, California.
"We’re excited to embark on our relationship with Hydro Fitting,They have a proven track record in manufacturing and supplying components that are vital to the aerospace and defense industries, which fits perfectly within Novaria’s vision and product strategy. I have personally admired their defense products and superb customer service for over two decades and am excited to welcome them to our family."
-Novaria CEO Bryan Perkins.
Novaria General Manager Jed Burmahln added, Hydro Fitting provides specialty expertise that we at Novaria value. It will be a great addition to our engine and airframe fitting business lines.We look forward to Novaria continuing to build on the foundation we’ve established at Hydro Fitting,President Seth Schwartz said. Becoming part of Novaria represents many things for Hydro Fitting – opportunity, market access, growth – all of which we couldn’t be more excited about.