AI infrastructure company outlines plans for Birmingham land
Nebius, an AI infrastructure provider based in the Netherlands, plans a two-building complex on about 75 acres on Birmingham’s Lakeshore Parkway. The multibillion-dollar project, which could start construction later this year, would generate almost $87 million in school taxes annually for Birmingham City and Jefferson County schools. – AL.com
Birmingham company expanding in North Carolina
Birmingham-based Altec is expanding its operation in Mount Airy, North Carolina. The equipment manufacturer says expansion of its production facility there will create 100 new jobs. – The Mount Airy News
Canadian rail company Cando Rail & Terminals will acquire Utah-based Savage Rail, which has operations in Alabama. The combined company will include 36 railcars for storage, staging and transload terminals; three short-line railways; and 80 first and last mile rail service operations. – Cando Rail & Terminals
