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Manufacturing

Deere reports third-quarter earnings of $2.98 billion

Deere & Co. on Friday reported fiscal third-quarter earnings of $2.98 billion. The Moline, Ill.-based company also said it had a profit of $10.20 on a per-share basis. Deere reported a net income of $2.86 …
By Business Record Staff | Aug 18, 2023
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IEDA awards incentives to 3M for Ames expansion

3M was awarded tax credit incentives from the Iowa Economic Development Authority to expand production in Ames. Photo by Michael Crumb

A maker of sandpaper and abrasives products has been awarded a package of tax …
By Michael Crumb | Aug 18, 2023
Made in Iowa screen shot Mike ODonnell

VIDEO: Manufacturing forecast recap/video clips

The state’s manufacturing sector remains resilient as it continues to navigate post-pandemic conditions, experts said during the Business Record’s Manufacturing Forecast on Aug. 9.

The event looked at issues ranging from fears of recession and …
By Michael Crumb | Aug 18, 2023
Merx Truck Trailer logo

Merx Truck & Trailer acquires Majestic Truck

Merx Truck & Trailer, a truck and trailer repair and maintenance services provider, recently acquired Majestic Truck Services, a truck service company based in Altoona. Merx Truck & Trailer provides a range of services, including …
By Business Record Staff | Aug 16, 2023
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Clow Valve breaks ground on $75 million expansion

Photo submitted by Clow Valve

Clow Valve, among the McWane Inc. family of companies, began construction to expand its iron foundry with a $75 million investment that will add 36,000 square feet to its footprint.…
By Business Record Staff | Aug 16, 2023
Advanced Heat Treat Corp. logo

Waterloo company fined $85,000 by EPA

Advanced Heat Treat Corp., a Waterloo-based company, has been fined $85,000 for alleged violations of the federal Clean Air Act’s chemical risk prevention provisions, the Environmental Protection Agency announced. According to the federal agency, Advanced …
By Business Record Staff | Aug 14, 2023
RepublicCos

Republic Cos. opening HVAC, electrical distribution center in Grimes

Republic Cos., a long-time Iowa electrical and mechanical distributor headquartered in Davenport, is expanding its operations to Grimes, the company announced.

The company is opening a distribution center and state-of-the-art HVAC and electrical training facility …
By Business Record Staff | Aug 11, 2023
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Manufacturers share challenges they will face in 2024

Keeping pace with advancements in technology, ongoing workforce and supply chain challenges and preparing for fluctuations in demand: Those are some of the challenges the manufacturing sector will face in 2024, according to panelists who …
By Michael Crumb | Jul 31, 2023
Kemin logo

Kemin Nutrisurance opens first pilot lab for wet pet food at global headquarters

Kemin Industries, a global ingredient manufacturer, recently introduced the Research and Exploration Services of Kemin Nutrisurance, the company’s pet food and rendering technologies business unit, with Kemin’s first-ever wet pet food pilot lab at its …
By Business Record Staff | Jul 25, 2023
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IEDA awards tax credits to Illinois company moving to Iowa

An Illinois company will move to Iowa with the help of tax incentives approved by the Iowa Economic Development Authority on Friday.

RILCO Inc. is a large lubricant distributor and service provider that has developed …
By Michael Crumb | Jul 24, 2023