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

Trade War Reshapes CIE

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.

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Fertile Ground for Tractor

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.

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Ports Report January Declines

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.

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Growth Spurt at OSI Systems

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.

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Ares Partners on Projects

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.

Tetra Tech Gets Government Boost

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.

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Waterfront Project Gets Underway

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.

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Ports Finished 2019 on Down Note

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.

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Skechers Looks Abroad After Loan

$500 million will go toward international distribution centers

Skechers USA Inc. recently upped its short-term borrowing capabilities with a $500 million unsecured loan.

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FabFitFun Hires CMO

Former Netflix exec will be first marketing head

FabFitFun Inc. has hired its first chief marketing officer, former Netflix Inc. executive Louisa Wee.

Aerospace Takes Off

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.

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World Energy Gets $11 Million Tax Credit for Paramount Refinery

World Energy has been awarded $11 million in state tax credits toward the expansion of its Paramount jet fuel refinery.

Califa Farms Raises $225 Million

Dairy-free brand plans global expansion

Califa Farms raised $225 million to fuel its international expansion and launch new product lines.

Trader Joe’s Cuts ‘Two Buck’ Price

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.

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Glasswerks Buys NWI

Deal for Seattle company expected to boost capacity

Glasswerks, a Southgate-based glass fabricator, acquired Seattle-based Northwestern Industries Inc.