MANUFACTURING

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

8minute Solar Receives $400M in Funding From EIG Global Energy Partners

Mid-Wilshire-based 8minute Solar Energy on January 19th announced that it closed $400 million in financing from Washington, D.C.-based EIG Global Energy Partners, which specializes in investments in global energy and infrastructure.

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Parallel Systems Raises $50 Million in Series A

Parallel Systems, an electric rail vehicle maker founded by three SpaceX veterans, picked up nearly $50 million in Series A funding last week.

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Boosted Acquires Hair Care Brand FoxyBae.com

Boosted Commerce Inc. in Beverly Hills acquired FoxyBae.com last week for $35 million.

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Autonomy Turns to Tesla to Launch Subscription Service

Scott Painter’s betting on Tesla. His Santa Monica-based company — NextCar Holding Co. Inc., doing business as Autonomy — which specializes in offering short-term vehicle subscriptions, will focus on providing the popular Model 3 to consumers in the Los Angeles area.

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Virgin Orbit Aims for Larger Market Share Amid Successful Missions

Long Beach-based rocket manufacturer Virgin Orbit Holdings Inc. completed its third successful mission January 13th, sending seven satellites into orbit aboard a rocket launched from the wings of a Boeing 747.

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SpaceX Has Big Projects in the Works for 2022

This year marks the 20th anniversary since the founding of Space Exploration Technologies Corp., and what was once a plucky space startup struggling to launch its first rocket has grown into an aerospace behemoth and one of the most valuable private companies in the world.

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Covid, Airline Challenges Drive Up Demand for Business Jet Flights in LA

Local demand for business jet flights spiked during the last two months of 2021, a likely result of an increase in infections from omicron variant and the onslaught of delays and cancellations of commercial flights across the nation.

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Ports Move Record Amounts of Cargo in 2021

Cargo volume that passed through the San Pedro Bay last year broke previous annual records by double digits.

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Beauty Health Names Andrew Stanleick CEO

Stanleick replaces Clint Carnell, who left the company on Dec. 31.

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New and Converted Warehouses Across LA Provide Business Owners With More Options

In the last five years, more than 185 new warehouses sprung up in Los Angeles County, providing some 14.8 million square feet of additional space to the local logistic chain, according to data aggregated by Reonomy, a New York City-based analytics company specializing in commercial real estate.

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The rocket manufacturer’s latest hire will focus on software platform for 3D printing

With more than $1 billion of capital raised so far and multiple launch contracts already in place, Relativity Space Inc. is perhaps the most successful rocket manufacturer that hasn’t yet launched a rocket.

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VinFast Unveils New Line of EVs

Playa Vista-based VinFast used the Consumer Electronics Show in Las Vegas as a backdrop to introduce three new vehicles and rename its first two models from VF e35 and VF e36 to VF8 and VF9 respectively.

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Global Clean Energy Acquires Spanish Camelina Oil Company

Torrance-based renewable fuels company Global Clean Energy Holdings Inc. on Jan. 3 announced it had acquired Madrid-based camelina oil producer Camelina Co. España for $8.24 million.

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Skechers Brings Philippines Operations In-House

Skechers USA Inc. said it took back its operations in the Philippines from a third-party distributor, Trendworks International Corp., and assigned it to a newly formed subsidiary, Skechers USA Philippines Inc.

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Beyond Meat Plans R&D Center in Shanghai

El Segundo-based Beyond Meat Inc.’s version of plant-based fried chicken will be available this week at more than 4,000 KFC restaurants nationwide.

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