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Home » Investment » Page 14

Investment

Proposed 76ers arena would create more than 1,000 construction jobs

By Melina Druga  |   September 27, 2024   |   Investment

A proposed new $1.3 billion arena for the Philadelphia 76ers would create more than 1,000 construction and operations jobs. The project also is paired with an Economic Opportunity Plan (EOP) that w...

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Vishay Intertechnology announces restructuring to support five-year growth strategy

By Melina Druga  |   September 26, 2024   |   Companies

Malvern-based Vishay Intertechnology, a manufacturer of discrete semiconductors and passive components, recently announced its is restructuring to streamline business decision making as it prepares to...

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Pennsylvania legislators say contract delay for Gecko Robotics, U.S. Navy must be fixed

By Kim Riley  |   September 26, 2024   |   Featured

A bipartisan group of Pennsylvania lawmakers on Capitol Hill urged the General Services Administration (GSA) to expedite a U.S. Navy contract with Gecko Robotics to bolster national security and creat...

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Braskem selected to negotiate $50M in funding to drive future of electrification

By Melina Druga  |   September 25, 2024   |   Companies

The U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains recently selected Philadelphia-based Braskem America, a polyolefins and biopolymer producer, to negotiate a $50 milli...

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Hitachi Energy investing $60M in Mount Pleasant facility

By Melina Druga  |   September 25, 2024   |   Companies

Swiss-based Hitachi Energy, an energy technology company, plans to invest $60 million in its Mount Pleasant facility. The investment will double production capacity for high-voltage switchgear and ...

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Constellation-Microsoft deal helps prepare launch of PA energy center, restart of nuclear reactor

By Kim Riley  |   September 23, 2024   |   Companies

Constellation Energy Corp. signed its largest-ever power purchase agreement (PPA) with Microsoft, a 20-year deal that will pave the way for the launch of the Londonderry, Pa.-based Crane Clean Energy ...

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Georgia company purchases Altronics Security Solutions

By Melina Druga  |   September 23, 2024   |   Companies

Georgia-based Pye-Barker Fire & Safety, a fire protection and security systems provider, recently purchased Bethlehem-based Altronics Security Solutions, a security alarms, video surveillance and acce...

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PPG, environmental group partner to promote climate change education

By Melina Druga  |   September 23, 2024   |   Companies

Pittsburgh-based PPG and the Foundation for Environmental Education (FEE), one of the world’s largest environmental education networks, recently entered into a two-year partnership. Under the ter...

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WhiteHawk Energy purchases additional Marcellus Shale assets

By Melina Druga  |   September 20, 2024   |   Companies

Philadelphia-based WhiteHawk Energy, a company focused on acquiring mineral and royalty interests in top tier natural gas resource plays, recently acquired additional Marcellus Shale natural gas miner...

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Guttman Energy, Source One Transportation purchase Weaver Energy assets

By Melina Druga  |   September 19, 2024   |   Companies

Belle Vernon-based Guttman Energy, a full-service fuel distribution company, and Source One Transportation, a petroleum and alternative fuels delivery and logistics services provider, recently acquire...

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Braskem launches new bio-circular polypropylene

By Melina Druga  |   September 18, 2024   |   Companies

Braskem, the largest polyolefins producer in the Americas, recently launched WENEW, a bio-circular polypropylene (PP). WENEW is derived from used cooking oil, and will be marketed to the restaurant...

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Taylor Chip expanding Lancaster County facility

By Melina Druga  |   September 17, 2024   |   Companies

Taylor Chip, a family-owned cookie manufacturer, is investing $15.1 million to expand its Lancaster County facility. The company plans to construct a 25,000-square-foot building at its existing l...

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BAE Systems receives $440M contract to produce Bradley Fighting Vehicles for U.S. Army

By Melina Druga  |   September 16, 2024   |   Companies

The U.S. Army recently finalized a contract modification worth more than $440 million with UK-based BAE Systems, a defense and space manufacturing company, to produce additional Bradley Fighting Vehic...

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Manufacturing sector needs natural gas to stay competitive, says American Gas Association

By Kim Riley  |   September 16, 2024   |   Featured

Natural gas will have an increasingly critical role in fueling and maintaining the competitiveness of U.S. manufacturing and advanced manufacturing, particularly as energy demand continues rising, acc...

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Medical equipment company opening Pittsburgh facility

By Melina Druga  |   September 16, 2024   |   Companies

Germany-based BGS Beta-Gamma-Service GmbH & Co., a medical equipment manufacturing company, plans to open a facility in Pittsburgh next year. The facility, which will operate under the name BGS US ...

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House committee advances Smucker’s USA Workforce Investment Act

By Kim Riley  |   September 13, 2024   |   Featured

With many companies facing or expecting to face a skills gap in the coming years, help could come from a Pennsylvania Republican’s proposed federal legislation, which would create a pilot program to...

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Braskem opens Massachusetts center

By Melina Druga  |   September 12, 2024   |   Companies

Philadelphia-based Braskem, a polyolefins and biopolymers producer, recently opened a 35,000-square-foot Renewable Innovation Center in Lexington, Mass, in the Greater Boston area. “This is a gr...

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Ohio company opening Montgomeryville facility

By Melina Druga  |   September 12, 2024   |   Companies

Ohio-based Sage Sustainable Electronics, a company that refurbishes and recycles used electronics, recently announced it will open a repurposing center in Montgomeryville. This is the company’s f...

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Legislation would deposit gaming revenue into two funds

By Melina Druga  |   September 11, 2024   |   Investment

Legislation soon to be introduced in the state House of Representatives would require expanded gaming revenue to be deposited exclusively into the Property Tax Relief and Motor License funds. Under...

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Agility Robotics expanding customer support capabilities

By Melina Druga  |   September 11, 2024   |   Companies

Agility Robotics, an Oregon-based robot builder with an office in Pittsburgh, recently partnered with Japan-based Ricoh, an integrated digital services and print and imaging solutions provider, to exp...

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