MOUNT PLEASANT, Wis.--Foxconn Technology Group (FTG) has made its first financial commitment for a planned flat-panel plant in Wisconsin, according to the Milwaukee Journal Sentinel. Hon Hai Precision Industry Co., known as FTG outside of Taiwan, on Friday deposited $60 million to special bank accounts in Wisconsin. The money is to be used by the village and Racine County to buy land for the $10 billion flat-panel plant, the construction of which is to begin next month.
POCASSET, MA—Hydroid Inc., a maker of autonomous underwater vehicles, has begun constructing a new assembly plant and research facility here. The company will hire at least 21 new workers next year.
PENN TOWNSHIP, PA—Schindler Elevator Corp. has begun constructing a new, environmentally friendly assembly plant here. When completed, the facility will employ some 60 people.
CARTERSVILLE, GA—Voestalpine Metal Forming, a supplier of metal parts for the auto industry, is building a $62 million assembly plant here, creating 220 jobs.
On Sept. 25, 2012, Lenze Americas held a grand opening at its new mechanical product assembly and logistics center in Glendale Heights, IL. The facility supports electromechanical product manufacturing operations for the Americas region.
INDIANAPOLIS—Crosspoint Solutions plans to hire up to 75 people to work at its new assembly plant here. The company makes battery-powered auxiliary power units for trucks.
LEXINGTON, NE—Agricultural and industrial equipment company Orthman Manufacturing Inc. has broken ground on a new assembly plant here that will create 100 jobs.