Tier 1 Hyundai supplier to do multimillion-dollar expansion
A multimillion-dollar capital investment in Dallas County is set to bring dozens of new jobs to the area. Tier 1 Hyundai supplier — Seoyon E HWA — is expanding its operation at Craig Field Industrial Park. Economic Development Authority officials made the announcement Tuesday morning. “They’re going to make a $5 million dollar expansion and add 60 new jobs,” said EDA Executive Director Wayne Vardaman. – ALNewsNet
Coronavirus slowing down shipment at Port of Mobile
The coronavirus is already impacting inbound trade to the Port of Mobile. It could soon hurt goods made in Alabama and sold in other countries. “This is totally abnormal and a situation we really haven’t seen before,” Alabama Port Authority CEO Jimmy Lyons said. Lyons said the container inbound trade is down between 25 to 30 percent for the month of March. – NBC
Employers shifting to online model due to coronavirus
Employers around the country are suddenly more interested in people working at home. Big companies like Alabama Power say there are no plans yet to transition to online work, but there are ongoing conversations about how they would shift if they had to. Business leaders say many companies are working on some kind of plans for continuing operation online, if needed, so businesses can operate as close to normal as possible. – WBRC
H&E Equipment opens new branch in Bessemer
H&E Equipment Services has opened a new branch in Bessemer, serving the Birmingham market. The 26,500-sq.-ft. facility sits on 5.5 acres at 806 Labarge Drive with a fully fenced yard area, offices, parts warehouse, and a repair shop with 10 service bays. It is capable of servicing a variety of construction and general industrial equipment. It joins the existing H&E crane facility in Birmingham and is the fifth full-service Alabama branch. – Lift & Access
Is Elon smart enough to build a plant in the South?
Tesla CEO Elon Musk said Tuesday that he’s looking for a location in the “central USA” to build a new factory. Musk revealed the plans on Twitter, saying the factory would make the company’s forthcoming Tesla Cybertruck. He also said the company is eyeing the East Coast for production of the company’s new Model Y SUV. The Cybertruck, an electric pickup revealed at a media event in November, is set to arrive in November. Musk has said that initial orders have exceeded expectations. – USA Today
