Recent and archived news stories on: Manufacturing, agribusiness, chemicals, electronics, energy, fabrication, plastics, textiles, international trade, shipping, logistics

Tapatio Pandemic Losses Offset by Strong Retail Sales

Luis Saavedra grew up in 1970s helping his father make hot sauce out of Tapatio Foods’ 700-square-foot shop in Maywood, all the while dreaming of one day becoming a doctor.

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Ports of LA and Long Beach Take New Steps to Reduce Congestion Amid Record Amounts of Cargo

Several measures recently implemented to ease congestion at the San Pedro Bay port complex, coupled with the winding down of the busy holiday season for the shipping industry, appear to be paying off.

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Local EV-Makers Unveil New Designs at LA Auto Show

Led by Fisker Inc., local automakers have a strong presence at this year’s Los Angeles Auto Show.

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Rocket Lab Surpasses Revenue Expectations Amid Successful Rocket Launch, Acquisition Deal

Aerospace company Rocket Lab USA Inc. surpassed third-quarter revenue expectations and announced it has entered into an agreement to acquire Planetary Systems Corp. in a cash and stock deal.

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EV-Maker VinFast Moves to Playa Vista, Plans US Expansion

Last week was a busy one for VinFast. The EV-maker, a subsidiary of Vietnam-based VinFast Trading and Service Co., moved into a 15,000-square-foot space in Playa Vista to set up its U.S. headquarters.

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Romeo Power Reports 753% Revenue Increase

Commercial electric vehicle battery manufacturer Romeo Power Inc. reported third-quarter revenue of $5.8 million, up 753% over the prior year, on a third-quarter loss of 13 cents a share.

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Scrubs-Maker Figs Reports 34% Year-Over-Year Revenue Increase

Scrubs-maker Figs Inc. raised its 2021 full-year revenue outlook to $410 million from $395 million, citing strong third-quarter results and ongoing business momentum.

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Skims, Fendi Partner on Rodeo Drive Pop-Up Boutique

Ecommerce brand Skims Body Inc. has set up a temporary pop-up boutique on Rodeo Drive in partnership with Fendi, an Italian luxury fashion house.

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Toymaker Bandai America Plans Return to Orange County in 2022

El Segundo-based Bandai America Inc. is moving back to Orange County come April.

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SpaceX Crew-2 Returns, Crew-3 Deploys

SpaceX won a recent court case and completed another two missions successfully this week.

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EV Startup Biliti Electric to Receive $400 Million in Funding

EV startup Biliti Electric Inc. is on track to receive $400 million in funding from the Global Emerging Markets Group.

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Skechers Reports Record-Breaking Sales, $1.6B Revenue in Third Quarter

Skechers USA Inc.’s third-quarter sales — although record-breaking — might have been even better if some of its merchandise wasn’t stuck on container ships.

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Alliance Environmental Group to Reorganize Its Indoor Air Services

Alliance Environmental Group in Azusa is reshaping its portfolio of services.

AAA Flag & Banner Manufacturing Launches Division Focused on Custom Visual Experiences

AAA Flag & Banner Manufacturing, a Mid-City-based maker of signs installed at major sporting and entertainment events, has consolidated its experiential and digital services into a new division — A3 Visual.

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Fenix Marine Services Sells for $2.3 Billion

The deal marks Fenix Marine’s return to the CMA CGM fold — the terminal started operating in 1997 as a CMA CGM subsidiary.

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