Sabic's quarterly net profit rose to $133 million despite lower sales volume. S&P has warned that Gulf petrochemical and fertilizer producers face falling export volumes and higher logistics costs. For Gulf chemical makers the constraint is getting product out by sea.
Audi plans to invest about $4 billion in a plant near Macon, Georgia, with capacity for up to 200,000 vehicles a year and about 4,500 jobs. Construction starts in 2027 and production in the early 2030s. That is years of construction, power and skilled-labor demand landing in one region.
Explainer: The Wall Street Journal
Drawing on AMT technology chief Ryan Kelly's report, Modern Machine Shop says generative AI could matter as much to factories as CNC did. Kelly argues the shift will take decades and favor manufacturers that can make sense of their machine data.
Rivan Industries and other startups are betting small units that make synthetic natural gas and fuel from air can compete on cost with fossil fuel. Cost parity is still the claim to test.