Siemens, Jabil expand electrical equipment manufacturing

Siemens and Jabil Inc. (NYSE: JBL) recently announced plans to operate a new manufacturing facility at the Crosspointe Logistics Center in Prince George County, Va., supporting the energy infrastructure industry. As demand for power infrastructure continues to accelerate, particularly driven by rapid growth in data centers and electrification, this investment will help expand capacity and increase how quickly new infrastructure can be brought online. The Prince George facility, operated by Jabil, will feature approximately 300,000-square-feet of modern industrial space, allowing Siemens to expand U.S. production capacity for its medium-voltage switchgear and integrated power delivery solutions. This facility will expedite the availability of critical equipment needed to energize new infrastructure.

The $30 million investment will go towards scaling-up equipment, tooling, production readiness and operations at the Virginia site. The facility will produce the advanced systems and solutions necessary to protect, control and safely operate equipment in data center, utility, and industrial power generation and distribution applications. With production slated to begin in fall 2026, the Prince George facility is expected to add at least 350 jobs once operational.

“Our data center, utility and industrial customers are under intense pressure to add capacity quickly, with less risk and more predictability,” said Brian Dula, President of the Electrification and Automation business unit at Siemens Smart Infrastructure USA. “By adding additional avenues to expand dedicated manufacturing of Siemens‑designed switchgear and power delivery solutions here in the U.S., we’re helping customers shorten project timelines and improve delivery confidence — while reinforcing a resilient domestic supply chain.”

“Our new Prince George facility will help us build the energy management solutions Siemens needs to meet customers’ growing power requirements with greater speed and scale,” said Brent Tompkins, SVP, Global Business Units, Renewables and Energy Infrastructure, at Jabil. “We’re proud to collaborate with Siemens to expand Jabil’s capabilities within the United States and enable the world’s most important technologies.” Recently achieving a $1 billion manufacturing investment milestone, this expansion reflects Siemens’ continued focus on strengthening domestic supply chains, reindustrializing the U.S. and adding capacity to meet accelerating demand for critical power infrastructure. This will allow Siemens to expand its leadership position in the electrification of data centers and the related grid infrastructure. For Jabil, this investment adds to the company’s growing U.S. manufacturing footprint, spanning more than 30 sites with proven experience and investments in automation, robotics, and process optimization to support production at scale across industries.

Jabil is one of the world’s largest manufacturing solutions providers and has worked with Siemens across the globe for numerous years, supporting high standards for quality and delivery performance. The Prince George collaboration builds on that foundation to help Siemens scale production in the U.S. while maintaining rigorous oversight and adherence to Siemens’ specifications and quality requirements, delivering essential power infrastructure at the pace demand now requires.

To learn more about career opportunities at the Prince George facility, click here.

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Skydio Commits $3.5 Bn to Expand U.S. Manufacturing and Secure American Drone Leadership

Skydio ©

Skydio’s commitment is an investment in American drone dominance, powered by rapidly growing demand for autonomous flying robots that serve America’s critical industries.

Skydio, the largest U.S.-based drone manufacturer and the world leader in flying robots, today announced plans to invest $3.5 billion in the United States over the next five years to expand its domestic manufacturing, accelerate R&D, and strengthen American supply chains. The investment is expected to create over 2,000 new Skydio jobs, support the creation of more than 3,000 additional roles within the U.S. supply chain, and direct more than $1 billion to domestic suppliers.

Skydio already manufactures more dual-use drones than any company outside of China. The company has shipped more than 60,000 flying robots to more than 3,800 customers, including more than 1,200 public safety agencies throughout the country, every branch of the U.S. military, and 29 allied nations, as well as more than 450 utility and energy companies.

A key component of the investment is SkyForge, a new company program designed to ensure the future of flight is built in America. In addition to the billion-dollar investment in U.S. suppliers, Skydio plans to open a new U.S. manufacturing facility five times larger than its current space. The company has outgrown four American manufacturing facilities in eight years; this will be its fifth expansion to meet extraordinary demand. Skydio’s investment in world-class suppliers will help expand – and in some cases initiate – domestic manufacturing of crucial parts and components. The company will invite select suppliers to co-locate production capacity with Skydio, giving suppliers access to production space and Skydio’s engineering talent to help incubate a growing industry.

In the span of little more than a decade, drones evolved from toys to tools to critical infrastructure for the industries that form the backbone of this country. Skydio leads this new era of drones as infrastructure on the strength of its AI and autonomy innovation: In public safety, for example, our Skydio DFR gives agencies aerial awareness that allows drones to arrive on scene first 71% of the time, resolving nearly a quarter of calls without sending a patrol unit. When lives and livelihoods are on the line, Skydio’s systems are in the field, every day, protecting both.

With this commitment, Skydio is making clear that the United States will lead in flying robotics autonomy, manufacturing, and scale. The investment will reinforce domestic electronics and component manufacturing and strengthen secure supply chains vital to national resilience. At the same time, Skydio will continue to scale domestic production capacity to meet the growing demand across public safety, national security, and utilities.

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Tariffs drive companies to expand manufacturing in U.S., Gerdau says

Gustavo Werneck, chief executive of Gerdau, said the U.S. administration’s tariff policy may be viewed as an unexpected measure, but it also reflects a long-term vision and confidence in the revival of American industry.

According to Werneck, Gerdau does not base its investment decisions on short-term volatility and continues to invest because it believes in the long-term recovery of U.S. manufacturing.

“There has been an additional incentive for Brazilian companies to establish manufacturing operations here in the United States,” Werneck said during the third edition of the Summit Valor Brazil-USA on Wednesday in New York.

The executive, who took part in a panel on trade and investment relations between Brazil and the United States, said the cost of key industrial inputs such as energy and natural gas in the U.S. is unmatched, making it impossible to offset the price gap between the two countries solely through management efficiency.

“In Brazil, we pay around $16 per cubic meter of natural gas. Here, despite all the volatility, we are still paying around $4,” he said.

Gerdau operates 13 of its 29 steel production units in North America, with facilities spread across the United States and Canada.

According to Werneck, the reindustrialization of the U.S. is already visible through customers building new factories in the country.

“We are currently supplying a significant amount of steel to new semiconductor plants being established here,” he added.

Gustavo Werneck — Foto: Vanessa Carvalho/Valor



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FH Capital to Acquire 75.1 Percent Stake in JinkoSolar US Manufacturing Unit, Expand Solar and BESS Platform – Asia Pacific

FH Capital will acquire 75.1 percent of JinkoSolar’s US manufacturing subsidiary, expand 2 GW solar module capacity, and launch domestic BESS production to strengthen America’s clean energy manufacturing and supply chain.

May 13, 2026. By EI News Network

FH Capital has entered into an agreement to acquire a 75.1 percent majority stake in JinkoSolar’s US manufacturing subsidiary, creating a domestic solar and Battery Energy Storage Systems (BESS) platform anchored by a 2 GW solar module manufacturing facility in the United States. JinkoSolar will retain a 24.9 percent minority stake in the venture.

Following the transaction, FH Capital plans to inject additional expansion capital to at least double the facility’s current solar module production capacity while also launching domestic BESS manufacturing operations. The move is aimed at strengthening US-based clean energy manufacturing amid rising demand for locally sourced solar and storage products and evolving US energy policies.

FH Capital is led by Sanjeev Chaurasia, a renewable energy investment banker with more than two decades of experience. Chaurasia previously served as Managing Director at Credit Suisse, where he co-founded the firm’s renewable energy practice and led JinkoSolar’s 2010 NYSE IPO.

According to Chaurasia, the transaction combines JinkoSolar’s established US manufacturing presence, technology portfolio, and customer network with FH Capital’s investment and operational capabilities to support growing domestic solar and storage demand.

Nigel Cockroft, US General Manager of JinkoSolar, said that the partnership provides strategic direction and ownership support to expand manufacturing capacity and serve increasing demand for US-sourced renewable energy products.

The transaction remains subject to customary regulatory approvals and closing conditions. Financial details of the deal were not disclosed.

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Skydio to invest $3.5 billion to expand U.S. drone manufacturing

Skydio announced plans to invest $3.5 billion in the United States over the next five years to expand domestic manufacturing and research capabilities. The company said the initiative aims to strengthen supply chains and support long-term growth in the U.S. drone industry.

The investment is expected to create more than 2,000 jobs within Skydio and support over 3,000 additional roles across the domestic supply chain. More than $1 billion of the total funding will be directed to U.S.-based suppliers.

Skydio said it already produces more dual-use drones than any company outside China. The company has delivered over 60,000 systems to more than 3,800 customers, including public safety agencies, U.S. military branches, allied nations and commercial operators.

A central element of the expansion is the SkyForge program. This initiative is designed to support domestic production and reinforce U.S.-based manufacturing capabilities.

The company plans to open a new manufacturing facility that will be five times larger than its current site. This will mark Skydio’s fifth expansion in eight years as it responds to increased demand.

The investment will also support the development of domestic suppliers for critical components. Skydio said it will work with selected partners to co-locate production and provide access to engineering expertise.

Adam Bry, co-founder and Chief Executive Officer of Skydio, said: “U.S. innovation invented the airplane, ramped up manufacturing to win WWII, put a man on the moon, broke the sound barrier, and commercialized space travel.” He added: “Skydio has proven that American companies can compete and win in the civilian drone market against products from our adversaries.”

The company said drones have rapidly evolved into critical infrastructure tools across multiple sectors. Its systems are used in public safety, where aerial capabilities can support faster response times.

Skydio said its technology enables drones to arrive first at incident scenes in a majority of cases. In some situations, operations can be resolved without deploying additional units.

The company said the investment will reinforce domestic manufacturing of electronics and components. It also aims to strengthen secure supply chains that support national resilience.

Skydio said it will continue expanding production capacity to meet demand from public safety, national security and utility sectors. The company added that the initiative reflects a broader effort to position the United States as a leader in autonomous aerial systems.

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Toyota Invests $1 Billion to Expand U.S. Manufacturing Capacity

GEORGETOWN, Ky. — Toyota is investing $1 billion across its Kentucky and Indiana manufacturing operations to expand production capacity and support electrification, as the company marks 40 years of vehicle assembly in Kentucky.

The investment includes $800 million at Toyota’s Georgetown, Kentucky plant to prepare the facility for a second battery electric vehicle and increase assembly capacity for the Camry and RAV4. An additional $200 million will go to Toyota’s Indiana plant to expand production of the Grand Highlander SUV.

Toyota said the investment is part of a previously announced plan to invest up to $10 billion in U.S. manufacturing over the next five years, aimed at meeting customer demand and supporting a broader vehicle lineup.

The Georgetown facility, Toyota’s largest manufacturing plant globally, has produced more than 14 million vehicles since opening in 1986. The site remains a key hub for vehicle assembly and is central to the company’s strategy to expand production in North America.

In Indiana, the investment will increase output of the Grand Highlander, which will be assembled alongside the Sienna minivan in the plant’s East facility while continuing production with the Lexus TX in the West facility.

“Today’s announcement reflects the company’s commitment to meeting customer demand and the belief in our team to get it done,” said Jason Puckett, president of Toyota Indiana.

Toyota said the investments are designed to increase throughput and support production of both traditional and electrified vehicles as demand shifts across the automotive market.

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In addition to manufacturing expansion, the company is investing in workforce development programs tied to its production operations. Toyota Kentucky announced $4 million in funding for STEM education initiatives in local school systems and $400,000 to support manufacturing engineering programs at Eastern Kentucky University.

The company said the efforts are intended to support workforce readiness and ensure a pipeline of skilled workers for future production needs.

Toyota’s Kentucky plant employs approximately 10,000 workers, while its Indiana facility employs more than 7,000. The company said continued investment in facilities and workforce development is essential to maintaining production capacity and supporting long-term manufacturing growth in the United States.

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Apple to Expand American Manufacturing Programme by US$400m

“We are very proud to be working with Apple to accelerate US manufacturing. We share their commitment to do more in the US, and our teams are working side-by-side with theirs in the US.”

TDK’s US facility will supply TMR sensors in devices shipped all over the world, and will increase the volume of chips that Apple will source from US silicon supply chains.

Expanded with other partners

As part of this new investment in Apple’s AMP, Cirrus Logic and GlobalFoundries will establish new semiconductor process technologies at GlobalFoundries’ facility in New York that will enable Apple to develop mixed-signal solutions for a number of applications, including advanced ICs to power Face ID systems.

Tim Cook, Apple’s CEO, says: “At Apple, we believe in the power of American innovation and manufacturing, and we’re proud to partner with even more companies to produce critical components and cutting-edge materials for our products right here in the US.

“Today, we’re joining with world-class partners like Bosch, Cirrus Logic, TDK, and Qnity Electronics to further expand Apple’s US supply chain through our American Manufacturing Program. This is another powerful example of what is possible when we invest in American ingenuity, and we’re excited to build the future together.”

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Hyundai Plans 36 New Models for N.A. & Expand U.S. Manufacturing

Hyundai Motor Company laid out an ambitious product and manufacturing strategy on Wednesday, announcing plans to introduce 36 new or substantially updated vehicles across North America by 2030 as part of a sweeping effort to deepen its footprint in the United States and cement its standing as one of the industry’s most aggressive growth stories.

The announcement, made by President and Chief Executive José Muñoz at the company’s annual shareholder meeting, signals Hyundai’s determination to compete aggressively in a market that has become central to its global ambitions — even as the broader auto industry navigates economic uncertainty, shifting consumer preferences and an uneven transition to electric vehicles.

The planned vehicles — spanning passenger cars, sport utility vehicles, trucks and commercial models — will be offered with a range of powertrains, including traditional combustion engines, hybrids, fully electric and extended-range electric options. The lineup will also include expanded trim levels, among them the rugged XRT variants and high-performance N derivatives that have cultivated a devoted following among driving enthusiasts. The rollout will cover the United States, Canada and Mexico.

“Hyundai is accelerating across North America,” Mr. Muñoz said at the meeting. “By expanding our product portfolio and offering a wider range of powertrains in North America, we’re giving customers more choice while continuing to strengthen our long-term investment in U.S. manufacturing, jobs, and the broader automotive ecosystem.”

The product push is closely tied to a $26 billion investment in the United States previously announced by Hyundai Motor Group. That commitment, which extends well beyond vehicle development, also encompasses a new state-of-the-art steel mill in Louisiana and a robotics research and innovation hub — investments the company says will strengthen its manufacturing capabilities and technology infrastructure across the region for decades to come.

On the production side, Hyundai said it aims to have more than 80 percent of the vehicles it sells in the United States assembled domestically by 2030, a significant increase from current levels. Simultaneously, the company is targeting a rise in American-made components within its supply chain, pushing that figure from roughly 60 percent today to approximately 80 percent. Together, those goals are designed to reduce the company’s exposure to global supply chain disruptions and improve operational efficiency through more localized sourcing.

The strategy reflects a broader industrywide pressure on automakers to bring production closer to home — a trend sharply accelerated by pandemic-era supply chain upheaval, evolving trade policy and growing political and consumer interest in domestic manufacturing. For Hyundai, the push also represents a calculated bet that committing deeply to American production and American workers will pay long-term dividends in both brand loyalty and market resilience across the United States, Canada and Mexico.

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President Trump Secures Trillions in New U.S. Investments as Companies Expand American Manufacturing

Supporters of President Donald J. Trump say his America First economic policies are driving a massive wave of private investment back into the United States. Since the start of his second term, companies from around the world have announced major plans to expand U.S. manufacturing, artificial intelligence infrastructure, energy production, and advanced technology development.

Advocates of the administration say the investments demonstrate renewed confidence in the U.S. economy and a shift toward onshoring production, strengthening domestic supply chains, and creating American jobs. The announced investments collectively total trillions of dollars, with projects spread across dozens of states.

Below is a non-comprehensive list of companies and projects announcing new U.S.-based investments during President Trump’s second term.

• Apple – $600 billion investment in U.S. manufacturing and workforce training while expanding domestic supply chains.
• Meta – $600 billion investment by 2028 to expand artificial intelligence technology, infrastructure, and workforce development in the U.S.
• Project Stargate (SoftBank, OpenAI, Oracle) – $500 billion private investment in U.S. artificial intelligence infrastructure.
• NVIDIA – $500 billion investment in U.S. AI infrastructure over four years, while manufacturing AI supercomputers in the United States for the first time.
• Amazon – $340 billion invested in the U.S. last year, plus $20 billion for cloud infrastructure in Pennsylvania, $10 billion in North Carolina data centers, and $4 billion across small towns nationwide.
• Micron Technology – $200 billion investment in U.S. semiconductor manufacturing, including facilities in Boise, Idaho, and Manassas, Virginia.
• IBM – $150 billion investment over five years in U.S. manufacturing and technology growth.
• Taiwan Semiconductor Manufacturing Company (TSMC) – $100 billion investment in U.S. chip manufacturing facilities.
• Johnson & Johnson – $55 billion investment in manufacturing, research, and technology, including a major facility in North Carolina.
• AstraZeneca – $50 billion investment in medicines manufacturing and research in the U.S.
• Anthropic – $50 billion investment in AI infrastructure, including new data centers in Texas and New York.
• Roche – $50 billion investment in U.S. research and manufacturing expected to create more than 1,000 permanent jobs and 12,000 construction jobs.
• Bristol Myers Squibb – $40 billion investment in U.S. manufacturing, technology, and research operations.
• GSK – $30 billion investment in U.S. research, development, and manufacturing facilities.
• Eli Lilly – $27 billion investment to more than double U.S. drug manufacturing capacity.
• Hyundai – $26 billion investment, including a $5.8 billion steel plant in Louisiana, creating roughly 1,500 jobs.
• Vantage Data Centers – $25 billion project to build a 1.4-gigawatt data center campus in Texas employing more than 5,000 workers.
• ADQ and Energy Capital Partners – $25 billion investment in U.S. energy and data center infrastructure.
• Google – $25 billion investment in AI and data center infrastructure.
• Blackstone – $25 billion investment in digital and energy infrastructure in Pennsylvania.
• Novartis – $23 billion investment to build or expand ten U.S. manufacturing facilities and create 4,000 jobs.
• John Deere – $20 billion investment over the next decade in American manufacturing expansion.
• DAMAC Properties – $20 billion investment in U.S. data centers.
• CMA CGM – $20 billion investment in shipping and logistics expected to create 10,000 jobs.
• Sanofi – $20 billion investment in research and manufacturing in the U.S.
• Venture Global LNG – $18 billion investment in a Louisiana liquefied natural gas facility.
• Woodside Energy Group – $17.5 billion investment in a new LNG facility in Louisiana.
• GlobalFoundries – $16 billion investment expanding chip manufacturing plants in New York and Vermont.
• FirstEnergy Corp. – $15 billion investment in energy infrastructure improvements.
• Nippon Steel – $14 billion investment in U.S. Steel operations, including a new steel mill.
• Stellantis – $13 billion investment to expand U.S. vehicle production by more than 50 percent.
• Gilead Sciences – $11 billion expansion of U.S. manufacturing investment.
• AbbVie – $10 billion investment over ten years, adding four new manufacturing plants.
• JPMorganChase – $10 billion investment supporting U.S. manufacturing growth.
• Merck & Co. – $9 billion investment in U.S. pharmaceutical manufacturing, including new facilities in Delaware and North Carolina.
• PPL – $6.8 billion investment expanding power grid capacity.
• CoreWeave – $6 billion investment in data center expansion.
• Westinghouse – $6 billion investment to build ten nuclear reactors in the United States.
• Clarios – $6 billion expansion of domestic manufacturing operations.
• UCB – $5 billion investment for a new U.S. pharmaceutical manufacturing plant.
• Ford – $5 billion investment in Kentucky and Michigan manufacturing facilities.
• Pratt Industries – $5 billion investment creating 5,000 manufacturing jobs across four states.
• Hanwha Group – $5 billion investment expanding shipbuilding operations in Philadelphia.
• GlobalWafers – $4 billion investment expanding U.S. semiconductor production.
• General Motors – $4 billion investment shifting vehicle production from Mexico and China to U.S. plants.
• Mitsubishi – $3.9 billion investment in American energy projects.
• Shintech – $3.4 billion expansion of a Louisiana chemical manufacturing facility.
• Regeneron and Fujifilm Diosynth Biotechnologies – $3 billion agreement to expand pharmaceutical manufacturing in North Carolina.
• Kraft Heinz – $3 billion investment upgrading U.S. food manufacturing plants.
• GE Appliances – $3 billion investment expanding manufacturing across five states.
• NorthMark Strategies – $2.8 billion supercomputing facility in South Carolina.
• Thermo Fisher Scientific – $2 billion investment expanding manufacturing operations.
• Amkor Technology – $2 billion semiconductor facility in Arizona, creating 2,000 jobs.
• Biogen – $2 billion investment in North Carolina manufacturing.
• Mars, Inc. – $2 billion expansion of U.S. manufacturing operations.
• GE Aerospace – $2 billion combined investment creating 10,000 jobs nationwide.
• Kimberly-Clark – $2 billion investment expanding manufacturing facilities, including a major plant in Ohio.
• Chobani – $1.7 billion investment, including a new dairy processing plant in New York.
• Oklo – $1.68 billion fuel recycling facility in Tennessee.
• Corning – $1.5 billion expansion of Michigan manufacturing, creating 1,500 jobs.
• Smithfield Foods – $1.3 billion pork processing facility in South Dakota.
• MP Materials – $1.25 billion rare earth magnet facility in Texas.
• First Solar – $1.1 billion solar manufacturing plant in Louisiana.
• Carrier – $1 billion investment creating 4,000 jobs.
• Cencora – $1 billion investment strengthening U.S. distribution networks.
• Siemens Energy – $1 billion expansion of grid and turbine manufacturing.
• Hikma Pharmaceuticals – $1 billion investment expanding research and manufacturing.
• Vaxcyte – $1 billion U.S. vaccine manufacturing investment.
• Anduril Industries – $1 billion autonomous defense systems facility in Ohio.
• Live Nation Entertainment – $1 billion investment building 18 new music venues nationwide.
• Hitachi – $1 billion investment in American energy infrastructure, including a transformer plant in Virginia.
• Williams International – $1 billion aviation engine manufacturing facility in Florida.

Numerous additional companies—including Toyota, Lego, Samsung Biologics, Siemens, Abbott Laboratories, Anheuser-Busch, Whirlpool, Rolls-Royce, Philips, ABB, JBS USA, Pratt & Whitney, and many others—have also announced new manufacturing plants, technology facilities, or infrastructure investments across the country.

Supporters say the scale of the announcements reflects a broader trend of reindustrialization and renewed domestic manufacturing capacity, with hundreds of thousands of jobs expected to be created.

Economic analysts note that many large corporate investment decisions span several years and multiple administrations, but the administration’s backers argue the surge signals strong confidence in the American economy and workforce.

More investment announcements are expected as companies continue expanding U.S. operations.

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Manufacturers Expand U.S. Operations With New Plants and Investments

Several major companies are ramping up manufacturing investments across the United States, announcing new facilities, production expansions and job creation as firms strengthen domestic supply chains and meet rising demand in sectors such as pharmaceuticals, steel and advanced electronics.

Courtesy: Photo by Josh Olalde on Unsplash

Industry leaders including Novartis, US Forged Rings, Akston Biosciences and Faith Technologies have recently revealed projects spanning multiple states, highlighting continued momentum in U.S. manufacturing development.

These investments come as companies seek to expand production capacity, shorten supply chains and support growing demand for high-tech products and industrial materials.

Novartis Plans New Cancer Treatment Facility in Texas

Pharmaceutical giant Novartis is planning to build a 46,000-square-foot radioligand therapy manufacturing facility in Denton, Texas, as part of its wider effort to expand research and manufacturing operations in the United States.

The new plant will focus on producing targeted treatments for patients with advanced cancers and will become the company’s fifth U.S. site dedicated to radioligand therapy manufacturing.

Construction on the project is expected to begin in 2026, with commercial production anticipated to start by 2028.

The Denton facility represents part of Novartis’ broader $23 billion commitment to expand its U.S. manufacturing and research footprint, which the company announced last year.

Over the past 10 months, the pharmaceutical company has already broken ground on four additional facilities across the country, demonstrating continued progress toward that long-term investment strategy.

The Texas project is expected to create jobs in several specialized fields including:

• Bioengineering
• Advanced manufacturing
• Quality control
• Operations management

Local officials say the project could generate new opportunities for the regional biotechnology workforce while supporting broader economic growth.

The investment in Denton is estimated at $280 million and may qualify for nearly $9 million in state and local tax incentives, according to local reports.

US Forged Rings Plans Major Steel Production Facility

Startup steel manufacturer US Forged Rings has selected Hertford County, North Carolina, as the location for a large-scale industrial production facility focused on steel forgings and industrial components.

The project is part of a three-phase development plan valued at approximately $875 million.

The first two phases alone are expected to create 625 new jobs in the region while supporting growth in domestic steel production.

“This investment represents an important step in our mission to strengthen American manufacturing capability in critical steel products,” US Forged Rings President and CEO Giacomo Sozzi said in a statement.

Founded in 2022, the company is part of the Sozzi family’s industrial group, which has more than four decades of experience in steel forging operations.

Once operational, the facility will produce specialty tubular products and forged components used in sectors such as power generation and heavy industry.

The plant will also manufacture industrial parts including:

• Forged rings
• Shafts
• Cylinders

The site will be located next to a steel plant operated by Nucor, a key supply chain partner for the project. Rail services will be provided by CSX Transportation to support long-distance freight shipments.

Production for the first phases is expected to begin in 2028.

Additional Manufacturing Projects Expand Across the U.S.

Several other companies are also expanding their manufacturing presence with new facilities and production investments.

Animal health biotech company Akston Biosciences has opened a 31,000-square-foot manufacturing plant in Shreveport, Louisiana, marking a key milestone in its expansion strategy.

The facility is part of a $7 million investment aimed at increasing production of protein therapeutics designed for pet health treatments.

The site is expected to create 69 direct jobs over the next five years, with average annual salaries of around $100,000, according to local economic development officials.

Akston co-founder and CEO Todd Zion described the project as a significant step for the company’s growth.

“major milestone,” saying that it was critical to expand in the U.S. and aims to address unmet needs in pet health with its protein therapeutics.

The facility includes specialized infrastructure such as clean rooms for biologics production, quality control laboratories, cold storage systems and warehouse space.

Meanwhile, electrical equipment manufacturer Faith Technologies is planning to invest $79 million in a new production facility in Opelika, Alabama.

The project involves renovating a former distribution center previously used by Joann Fabrics.

Once completed, the site is expected to create around 200 jobs in the Auburn-Opelika metropolitan area.

Courtesy: Photo by Aleksey on Pexels

Faith Technologies manufactures electrical systems including switchboards, power modules and charging infrastructure used in energy, construction and technology markets.

The company’s modular electrical solutions are also designed for large data center developers and industrial customers, a rapidly growing segment of the construction and technology industries.

Domestic Manufacturing Momentum Continues

The wave of new investments reflects a broader trend toward reshoring manufacturing operations in the United States.

Companies are increasingly prioritizing domestic production to improve supply chain resilience, reduce shipping delays and respond more quickly to market demand.

At the same time, federal and state incentives, growing demand for advanced technologies and expanding infrastructure projects are encouraging firms to build new facilities across the country.

As industries such as pharmaceuticals, energy, electronics and advanced materials continue to grow, analysts expect manufacturing investment in the U.S. to remain strong in the coming years, with more companies announcing expansion plans and new production hubs.

Originally reported by Nathan Owens, Reporter in Manufacturing Dive.

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