Top Headlines: SAC kicks off, Bessemer begins Amazon site construction

Southern Automotive Conference starts today in Atlanta
Get ready for the biggest, most incredible Southern Automotive Conference ever – with more sponsors, exhibitors, and attendees than ever before, and more chances to connect with all of them. The three-day event starts with a welcome party today at the Cobb Galleria Centre Concourse in Atlanta. – News release

Mobile to become largest maker of phenol in world
INEOS Phenol today announced that it is planning to expand the capacity of its plant in Mobile up to 850,000 tons a year, making it the largest phenol production unit in the world. Hans Casier, CEO INEOS Phenol said “This expansion will meet anticipated growth in demand and shows a clear commitment to our customers to meet their long-term needs in North America.” Phenol is used in a variety of manufacturing processes. – News release

Perdido Key condos now available for $1.4 million and up
If you’ve got a million or three burning a hole in our pocket, there’s a new Perdido Key condo development taking pre-orders. According to promotional information, the 10-story Krystal Key Beach Resort will pack 30 four- and five-bedroom units onto 200 feet of beachfront in Perdido. Florida. To answer the obvious question, that’s a little over a mile from the Flora-Bama. – AL.com

Construction under way at Amazon site in Bessemer
Internet retail giant Amazon officially kicked off a construction project Tuesday for a technologically advanced fulfillment center in Bessemer that will employ 1,500 workers once the sprawling facility is fully operational next year. Amazon’s 855,000-square-foot facility is being constructed on 133 acres of property formerly owned by U.S. Steel in Bessemer, just minutes away from Birmingham. Total investment in the project is $325 million. – Made In Alabama

New trade deal may be good news for Alabama farmers
The last part of the new trade agreement between the United States, Mexico and Canada was finalized Sunday. The appropriately named the United States-Mexico-Canada Agreement, or USMCA, may impact industries in Alabama if approved by all three countries legislatures. One of those industries and a major economic driver for the state of Alabama — agriculture. The new agreement is estimated to bring U.S. farmers a $70 million increase in exports to Canada’s dairy market and greater access in the egg and poultry markets. – WHNT

- Sponsor -

Cintel wins part of a $36 million energy contract
The U.S. Marine Corps Installations Command has awarded Concurrent Technologies Corp. a contract to support the Marine Corps’ efforts to meet Energy Reliability and Resilience requirements. Huntsville-based Cintel Inc. is one of four small business subcontractors chosen as a team member on this effort based on their unique, best-in-class technical capabilities. The contract could reach up to $36 million in value if all the option years are exercised. – News release

Amazon becomes largest company to commit to $15 minimum wage
Amazon has become the largest company to commit to the minimum wage of $15 an hour. The retail giant worth almost a trillion dollars faced a lot of criticism after disclosing earlier this year that a median salary at Amazon was less than $29,000. That’s just a little over the federal poverty level for a family of four. – APR

The latest Alabama business news delivered to your inbox