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News

Unemployment compensation tax rates to drop for businesses

By Melina Druga  |   January 10, 2020   |   News

Unemployment compensation (UC) tax rates for Pennsylvania businesses will decline by 1.1 percent in 2020, the lowest tax rate in 41 years, after the elimination of the UC tax rate interest factor. ...

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CONSOL Energy purchase stake in inorganic carbon material company

By Melina Druga  |   January 10, 2020   |   Companies

Canonsburg-based CONSOL Energy recently purchased a 25 percent stake in CFOAM Corp., a new holding company, for $3.5 million. CFOAM Limited owns the remaining stake. CONSOL Energy produces high...

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Philadelphia’s Hill International to provide quality control management services for MIT transportation research center

By Kevin Randolph  |   January 9, 2020   |   Companies

Hill International, a construction consulting firm based in Philadelphia, Pa., announced Tuesday that the Massachusetts Institute of Technology Investment Management Company (MITIMCo) selected it to p...

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Allentown-based Air Products awarded long-term supply agreement for project with Gulf Coast Ammonia

By Kevin Randolph  |   January 9, 2020   |   Companies

Air Products, an international supplier of gases and chemicals for industrial use based in Allentown Pa., announced yesterday its largest-ever investment in the United States. The company won a lon...

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AMETEK to sell alloys business to Kymera International

By Melina Druga  |   January 9, 2020   |   Companies

Berwyn-based AMETEK recently signed an agreement to sell its Reading Alloys business to Kymera International, which is headquartered in North Carolina, for $250 million. It is an all-cash transaction....

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Gov. Wolf announces $500,000 for agriculture education

By Kevin Randolph  |   January 8, 2020   |   Investment

Gov. Tom Wolf announced Monday the approval of $500,000 in Ag and Youth Grants for 55 projects that aim to improve access to agriculture education in Pennsylvania. “Today’s youth are tomorrowâ€...

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Kennametal agrees to downsize Essen, Germany facility, avoiding previously proposed closure

By Kevin Randolph  |   January 8, 2020   |   Companies

Kennametal, a supplier of tooling and industrial materials based in Latrobe, Pennsylvania, announced yesterday that it has agreed to downsize its Essen, Germany facility instead of closing it as previ...

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Penn State New Kensington to offer special business course

By Melina Druga  |   January 8, 2020   |   Companies

Penn State New Kensington campus' innovation hub, The Corner, will be hosting a free, 10-week, business course beginning in February. Participants will meet for nine two-hour sessions and will work...

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EQT Corporation appoints David Khani as chief financial officer

By Kevin Randolph  |   January 7, 2020   |   Companies

EQT Corporation, a natural gas production company based in Pittsburgh, recently announced that its board of directors appointed David Khani as chief financial officer, effective Jan. 3. Kyle Derham...

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Tenaris completes acquisition of IPSCO Tubulars, Pennsylvania steel pipe manufacturing facilities

By Kevin Randolph  |   January 7, 2020   |   Companies

Tenaris recently announced the completion of its acquisition of IPSCO Tubulars, Inc., a U.S. manufacturer of steel pipe from PAO TMK. Tenaris will acquire IPSCO’s steel shop in Koppel, Penn., the...

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Pennsylvania Farm Show 2020 opens

By Melina Druga  |   January 7, 2020   |   Investment

The 2020 Pennsylvania Farm Show opened Saturday at the Pennsylvania Farm Show Complex and Expo Center in Harrisburg. Gov. Tom Wolf and state Agriculture Secretary Russell Redding opened the show, ...

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Pennsylvania PUC administrative decision cites pipeline emergency response plan bill

By Kevin Randolph  |   January 6, 2020   |   Featured

A Public Utility Commission (PUC) Administrative Law Judge recently cited Senate Bill 284 in an initial decision as a potential solution to the issue of what confidential security information pipeline...

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Toomey calls for tariff reductions in letter to United States Trade Representative

By Kevin Randolph  |   January 6, 2020   |   Companies

U.S. Sen. Pat Toomey (R-PA) recently sent a letter to United States Trade Representative Robert Lighthizer calling for tariff reductions between the United States and China. Lighthizer is expected ...

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Triumph Group sells Nashville operations

By Melina Druga  |   January 6, 2020   |   Companies

Berwyn-based Triumph Group recently sold its Nashville-based structures assembly operations to TECT Aerospace. The sale is part of the company’s multiyear plan to revamp its portfolio. The Na...

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Pennsylvania American Water signs agreements to purchase Valley Township water, wastewater systems

By Kevin Randolph  |   January 3, 2020   |   Companies

Pennsylvania American Water, a subsidiary of American Water, recently announced that it signed agreements to purchase the water and wastewater system assets of Valley Township in Chester County. Th...

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Danboro-based PennEngineering acquires Eurotec Ltd.

By Kevin Randolph  |   January 3, 2020   |   Companies

PennEngineering, a global provider of fasteners and hardware products based in Danboro, Pa., announced Thursday that it acquired Eurotec Ltd., a reseller of metal fabrication equipment, fastener insta...

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Utz completes merger with Kitchen Cooked

By Melina Druga  |   January 3, 2020   |   Companies

Utz Quality Foods recently completed its merger with Kitchen Cooked, which included the Kitchen Cooked snack-food brand, manufacturing operations, and direct store delivery operations. "We are very...

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Sagent Lending Technologies to acquire ISGN Corporation

By Kevin Randolph  |   January 2, 2020   |   Companies

Sagent Lending Technologies, a mortgage servicing technology provider based in King of Prussia, Pa., recently announced that is signed a definitive agreement to acquire ISGN Corporation, a global prov...

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Chewy to expand operations in Lackawanna County, create 1,000 jobs

By Kevin Randolph  |   January 2, 2020   |   Companies

Chewy, an online retailer of pet-related products, will expand its operations in Lackawanna County, Pa., constructing a new fulfillment center and creating at least 1,000 new, full-time jobs in Archba...

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State awards more than $5M to 42 revitalization projects

By Melina Druga  |   January 2, 2020   |   Investment

The Keystone Communities program, administered by the Department of Community and Economic Development, recently awarded more than $5 million in funding to 42 community revitalization projects through...

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