Truck parts maker staffs up in US
Frank Sonzala, chief executive of a South Gate-based truck chassis manufacturer, is transferring about a third of his company’s production from China to the United States, a move he says will create about 275 local jobs.
Motivo machine brings green farming
Motivo Engineering’s new electric-powered Monarch tractor performs farming functions quietly, with no human operator and without any trace of pollution.
Cargo volume slips again at LA and Long Beach
The local ports reported single-digit dips in cargo volumes for January with one notable exception: Port of Los Angeles exports saw a modest upswing.
Security, optoelectronic units drive gains
OSI Systems Inc., a manufacturer of security scanning equipment, medical monitoring devices and optoelectronic components, posted $64.8 million in net income on $1.18 billion revenue during its 2019 fiscal year.
Firm plans NY battery effort
Century City alternative asset management firm Ares Management Corp. has agreed to partner with Atlanta-based Dimension Renewable Energy to further develop large-scale battery energy storage projects in New York state.
Firm benefits from stable federal budget process
Sometimes one of the biggest things executives pray for is a lack of drama in their businesses. That's what Tetra Tech is experiencing now with the federal government.
Port of Los Angeles initiative launches after years of delays
After years of delays, officials for the Port of Los Angeles last week kicked off a $33 million project that aims to connect San Pedro’s Downtown Harbor to the future San Pedro Public Market development.
Tariffs take a toll as traffic falls from 2018 level
The trade war took a toll last year on the ports of Los Angeles and Long Beach, which saw cargo volume dip below the record levels reached in 2018.
$500 million will go toward international distribution centers
Skechers USA Inc. recently upped its short-term borrowing capabilities with a $500 million unsecured loan.
Former Netflix exec will be first marketing head
FabFitFun Inc. has hired its first chief marketing officer, former Netflix Inc. executive Louisa Wee.
Manufacturing: Mergers are changing the landscape for local businesses
The manufacturing sector kicked off 2020 with several aerospace mergers that are poised to roll up local operations into much larger entities.
World Energy has been awarded $11 million in state tax credits toward the expansion of its Paramount jet fuel refinery.
Dairy-free brand plans global expansion
Califa Farms raised $225 million to fuel its international expansion and launch new product lines.
Grocer reduces costs, passes along savings
Trader Joe’s Co.’s Charles Shaw wine is living up to its Two Buck Chuck nickname again, at least in California.
Deal for Seattle company expected to boost capacity
Glasswerks, a Southgate-based glass fabricator, acquired Seattle-based Northwestern Industries Inc.