Browsing: manufacturing

LSI Industries has acquired Canada’s Best Holdings to expand its turnkey store fixture portfolio in North America. The strategic acquisition enhances LSI’s capabilities in custom retail fixtures, displays, and integrated store environment solutions, with manufacturing facilities in York and Texas helping to mitigate supply chain and tariff concerns.

Niron Magnetics has been awarded the Innovation of the Year Award at mHUB’s Fourth Revolution Awards for their groundbreaking work in magnetic technology. The company has developed a third-generation magnetic material with applications across multiple industries, offering more sustainable and efficient alternatives to traditional materials while creating new opportunities for small businesses in the manufacturing sector.

The tire manufacturing and RFID technology sectors are poised for significant growth after decades of development, driven by technological convergence and strategic investments. The integration of RFID technology into tire manufacturing is creating new value propositions, attracting venture capital and transforming traditional industry operations while presenting both opportunities and challenges for future development.

Economic experts warn that new tariffs will soon impact prices across industries vital to Alabama’s economy, including defense technology, manufacturing, and drone development. Companies like Anduril may face increased costs for components, while the state’s manufacturing blueprint faces pressure from disrupted supply chains. These changes could stifle innovation and ultimately lead to higher prices for consumers.