GE Foundation Gives $18M To Improve Education
The GE Foundation announced Wednesday it will give $18 million to support the roll-out of new education standards throughout the country, including in Cincinnati.
The money will be spent primarily on tools that will help teachers to share best practices as they work to implement the new standards. The GE Foundation has already created a website,
www.achievethecore.org, to provide teachers free resources and is organizing conferences where teachers can learn more about the new standards.
Meyer Tool Gets Tax Credit To Expand
Meyer Tool Inc. received a 45 percent, five-year tax credit from the state of Ohio for its plans to expand operations in Cincinnati.
Meyer is a maker of turbine engine components and test stands used by aircraft engine manufacturing firms. According to the Cincinnati USA Regional Chamber, the company will build a 30,000-square-foot facility and make renovations to an existing facility. The project
is expected to create 50 new jobs and generate an additional $1.2 million in payroll.
Honda To Make Investment Announcement In Anna
Ohio Gov. John Kasich will be in western Ohio on Wednesday for an investment announcement at American Honda Motor Co.‘s Anna manufacturing plant, the Dayton Daily News reports.
Honda hasn’t released details of the announcement, saying only that it is a “major investment,” the newspaper reports. The automaker builds engines for its vehicle at the 2,400-employee plant, which produced more than 770,000 engines in 2010, the newspaper reports.
L-3 Earnings Rise
L-3 Communications Holdings Inc., parent of L-3 Fuzing and Ordnance in Union Township and Cincinnati Electronics in Mason, said Tuesday fourth-quarter earnings rose slightly despite a 6 percent decline in sales.
The New York-based defense supplier said net income for the three months ended Dec. 31 was $274 million, or $2.72 a share, up from $267 million, or $2.73 a share, in the year-ago period. The latest quarter included a $43 million write-down for declined value of its marine services business.
Sales declined to $4 billion from $4.3 billion a year ago.
Olympics To Give Procter & Gamble $500M Boost
Procter & Gamble Co. is expecting a $500 million sales boost from dozens of Olympics marketing initiatives this year, company officials told analysts in a Jan. 27 conference call.
That would be a five-fold increase over the $100 million impact that P&G has estimated from the 2010 Winter Olympics, when 18 P&G brands sponsored U.S. athletes who competed in Vancouver. For the 2012 Summer Olympics in London, 32 P&G brands are planning to sponsor 150 athletes from all over the world.
Intelligrated Breaks Ground On New Expansion
In an economic climate that has seen the shuttering of some businesses, one Mason company is bucking the trend.
Intelligrated Inc., the fast-growing supplier of material handling systems to retailers and other companies, broke ground Monday on a new facility that is expected to bring 200 new jobs over the next three years.
An artist’s rendering of the planned office expansion for Intelligrated Inc. The building is expected to be completed in the fall of 2012.
P&G Alums Share Tales In Book
Procter & Gamble’s alumni network, a group of 18,000 former P&Gers, has just published its first book, drawing on the stories of more than two dozen executives.
The book features a foreword by A.G. Lafley, P&G’s CEO from 2000 to 2009, and an epilogue from Ed Artzt, CEO from 1990 to 1995. In between are stories and reflections from 35 former P&G execs gathered and written by two authors. Among the stories:
GE Aviation: Record Orders To Boost Dayton Operations
A record amount of new orders for GE Aviation will bolster the company’s Dayton-area operations, the aerospace company reported Monday.
The company recently announced that commitments for some of its engines will lead to long-term stability for a GE facility in Beavercreek that employs more than 300 workers and makes tubes, ducts and manifolds.
Record for GE Joint Venture
CFM International, the joint venture of GE Aviation and Snecma, on Monday reported record orders in 2011 for more than 4,500 engines with a list price of $51.7 billion.
That includes orders for more than 3,000 of its new LEAP engines with a list price of more than $36 billion.
Lion Buys 2 Fire Training Products Companies
Lion, a provider of firefighters’ protective apparel to fire departments, said Wednesday it has bought two companies that furnish fire and
safety training systems and training centers.
Lion said the companies, BullEx Digital Safety, of Albany, N.Y., and HAAGEN Fire Training Products, based in the Netherlands, will operate as a new division to be known as Lion Training Resources Group.
Dayton Area Company Growing Through Work With Military
A Third of Lion's Revenue Comes From Military Logistics Services
VANDALIA — A $12.4 million contract to manage a Marine Corps warehouse network for distributing combat equipment and protective gear calls attention to a growing business sector for Lion, the company best known for supplying protective firefighter apparel.
Cincinnati Sub-Zero Takes Cold To New Heights
Cincinnati Sub-Zero has a line of standard temperature-control chambers it sells to industrial customers, as the Business Courier reported in this week’s newspaper, but most of its orders are custom made for specific applications.
Its largest ever chamber was sold to the U.S. Army to test mobile radar installations. It measured 55 feet by 25 feet by 20 feet – big enough to drive mobile radar units into.
Ethicon Cooks Up Comfort For Cancer Lodge Residents
The American Cancer Society Musekamp Family Hope Lodge is equipped with four state-of-the-art kitchens. But the cancer patients and caregivers who stay at the Avondale lodge don’t always feel up to cooking.
MAG wins award from U.S. Department of Defense
Erlanger-based machine tool manufacturer MAG IAS LLC has received a Manufacturing Technology Achievement Award from the U.S. Department of Defense for its role in a project that’s expected to cut $100 million in costs on the F-35 Joint Strike Fighter program.
Projects Unlimited wins $44 million deal
Projects Unlimited Inc. has snagged helicopter parts contracts that could be worth as much as $44 million.
The Dayton-based aerospace electronics company announced Tuesday it won the deals with Bell Helicopter to build ice protection control units, harness assemblies and wiring integration remote terminal assemblies for the H-1 helicopter and the V-22 tiltrotor aircraft.
Projects Unlimited has been producing cables and electronic assemblies for the H-1 and V-22 programs since 2005.
L-3 Names President
L-3 Cincinnati Electronics, supplier of infrared thermal imaging and space and military systems in Mason, has named Russ Walker as president.
Walker joins Cincinnati Electronics, a unit of L-3 Communications Corp., from AAI Textron Systems in Hunt Valley, Md., where he most recently served as vice president of engineering.
Walker has more than 30 years experience in the defense industry. Before joining AAI Textron in 2005, he worked for both Northrop Grumman and Lockheed Martin Corp.
Brewery gets state grant
The grant, approved last month by the Clean Ohio Council, will allow the city to acquire the Calmego foundry property west of the brewery on Poplar Street, demolish the building and complete an environmental clean-up. Boston Beer would make payments to the city during the clean-up and then take ownership of the property once it’s complete.
Wornick Co. Announces Contract
Blue Ash-based Wornick Co. is one of three suppliers of military food rations receiving a five-year contract with a maximum value of more than $2 billion from the Department of Defense logistics agency.
Wornick's contract has a maximum value of $2.3 billion. The largest contract was with Ameriqual Group of Evansville, Ind., with a maxmium value of $2.45 billion and the third contract was was Sopakco Inc. of Mullins, S.C., with a maximum value of $2.28 billion.
Leap of Finishing Faith
Jason Dugle knows that timing is everything when it comes to manufacturing.
In 2008, the president of Cincinnati-based Deltec Inc. decided to add a finishing line to his company’s manufacturing facility. This was during the midst of one of the worst recessions in U.S. history.
But he probably couldn’t have picked a better time to do it.
Henny Penny adds executive positions
Henny Penny Corp. has undergone a major reorganization.
The Eaton-based food service equipment manufacturer announced this week it has created two new executive roles and promoted several others to executive and management positions.
Jeff Kincer is being promoted to the new role of vice president of engineering and operations and Tim Crammer is being promoted to the new role of vice president of marketing and services.
New accessory for boaters gives beer foam a twist
Beer and boating. Steve Kunkemoeller has enjoyed both for years.
Now he’s betting that a new product combining those two popular recreational pursuits can generate hundreds of thousands of dollars a year in sales for his downtown business.
The owner and CEO of Solo Products Inc., a manufacturer of foam rubber parts for the automotive industry, Kunkemoeller has developed a bottle-shaped boat fender imprinted with licensed beer labels.
Manufacturer to consolidate operations into Vandalia
A Tipp City-based manufacturer is expanding operations and relocating to a new facility. Creative Extruded Products Inc., an automotive parts manufacturer, is consolidating two sites in Vandalia to one larger site in Harrison Township in order to handle increased demand from existing customers.
Smucker upgrades HQ, starts work on new plant
J.M. Smucker Co. has moved into a new 153,000-square-foot headquarters that connects three buildings on its Orrville-based campus into one, the Akron Beacon-Journal reports.
The company did not tell the newspaper how much the project cost but did say "it was the most significant investment in company history," the Beacon-Journal reported.
Local manufacturer showcases Reds’ Johnny Bench statue
When the Cincinnati Reds unveiled a bronze statue of Hall of Fame catcher Johnny Bench last month, the team honored a great player — and showcased the work of a small Dayton manufacturer. Global Foam Co. makes shapes out of polystyrene and expanded polystyrene — a synthetic resin that provides the shapes for signs and murals, architectural flourishes, wedding cake forms, crown molding and almost anything an engineer can imagine.
State treasurer tours ElectriPack
After receiving a loan from a state program for small businesses, a Centerville company recently hosted Ohio Treasurer Josh Mandel.
L-3 Fuzing wins $35.9M contract
L-3 Fuzing and Ordnance Systems in Union Township was awarded a $35.9 million military contract to supply electronic bomb fuzes to the Navy and U.S. Foreign Military Sales program, the Pentagon announced. Friday.
The work, including 20,000 electronic bomb fuzes, 200 dummy fuzes, 100 cutaway fuzes and 3,000 accessory kits, was split between Union Township and Orlando, Fla., and should be completed by September 2014.
Melink toasts energy dream: $0 electric bills
Steve Melink has achieved something most businesses and homeowners only dream about: The
monthly electric bills on his 30,000-square-foot building in Union Township have been $0.00 the past five months.
Ethicon Endo-Surgery acquired SterilMed Inc.
Ethicon Endo-Surgery, Inc. in Blue Ash said Wednesday it plans to expand in the medical device remanufacturing market with the acquisition of SterilMed Inc. in Maple Grove, Minn.
Ethicon said it reached a definitive agreement to acquire SterilMed but financial terms weren’t disclosed.
Formica Building New Plant in China
Formica Corp. plans to build a manufacturing facility in Jiujiang, China that will double the company’s capacity in China and allow for additional growth.
Flottman Company names Ed McMasters their new director of marketing and communications
The Flottman Company, one of the Region’s largest full-service graphic communications firms, has selected Ed McMasters as their new Director of Marketing and Communications.
Tom Flottman receives the 2011 Keith Baldwin Volunteer Award
The Goering Center for Family and Private Business at the University of Cincinnati honored Tom Flottman, CEO of the Flottman Company with the 2011 Keith Baldwin Volunteer Award for his
long-term service and dedication to the institution and the business community.
Deceuninck Boasts Thermal Improvement
Deceuninck North America, the Monroe-based supplier of vinyl window and door components, is introducing a new rigid thermal reinforcement system called Innergy.
The product is the result of a collaboration with polyurethane resin manufacturer Bayer Material Science LLC as part of an exclusive agreement between the two companies.
MAG technology used for F-35 Joint Strike Fighter
A new, faster titanium metal cutting technology brought to market by MAG IAS,
the Erlanger-based machine tool company, has been approved for use in the U.S. government’s most expensive weapons program, the Lockheed Martin F-35 Joint Strike Fighter.
The technology, which uses liquid nitrogen flowing through the metal-cutting tool spindle, increases cutting tool life dramatically and doubles the material removal rate in some applications, officials said.
Crescent Wins Family Business Award
At supply chain service provider Crescent, a "Lean Sigma" culture shapes everything from client engagement to employee growth.
"At the end of the day we want to grow and be profitable," CEO Chris Taylor said. "To do it you need to get and retain clients. You have to show cost savings, innovations and ways to improve their supply chain."
Castings Firm Buys Cincy Company
A Greenville manufacturer plans to boost its workforce and capabilities with its acquisition of a Cincinnati company.
AdvancePierre Foods Celebrates Company Growth
Company executives, elected officials and community leaders promote local economic development; encourage volunteerism by donating time and food to help needy families.
Hillenbrand to buy Cincinnati’s Rotex for $240M
Zoo’s solar project gaining national attention
ITT CorpbizWatch - Global company buying YSI Inc
Cincinnati Entrepreneur Innovates - Cincinnati Entrepreneur Innovates for Fishers with Salamander Sinkers
Cincinnati Entrepreneur Innovates - Siemens to create 50 local Jobs
JTM Food Group - JTM kicking Salt out of its school products
Ghent Manufacturing - Ghent changing look, not service
L-3 Communications Corp - L-3 puts focus on people
ThyssenKrupp Bilstein of America - Gov. Kasich will come to Hamilton Monday to talk jobs
