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The energy company will also idle two refineries as demand remains at historic lows.
The announcement comes less than a week after Ford reported better than expected income for the second quarter.
The new division is meant to shore up US drug production capability and will create 360 direct jobs and 1,200 indirect jobs.
This pandemic has shown American manufacturing’s weak spots, illustrating a lack of critical infrastructure that China in particular is dominating in an attempt to control the global supply chain.
COVID-19 may own the spotlight today, but manufacturing’s tomorrow is getting some big-dollar investments.
A good mentor can help high-performing employees reach their full potential, while a poor mentor may do the opposite. Consider these ideas to provide better guidance.
Could the introduction of flying car regulations in New Hampshire signal the beginning of a new trend?
Ford records net income of $1.1 billion compared to GM’s net loss of $800 million.
The best path during steady times is not the answer during this time.
Recent research suggests that progress in digital transformation is slow and limited to pockets of success in many organizations. In this State of the Market report, explore the challenges and opportunities manufacturers face in their efforts.