Diversification is just as important for company managers as it is for individual investors. Both parties know it helps ensure growth without being dragged down by any one declining market sector.

Taylor Power Systems Inc. manufactures service generators for the oil and gas, agricultural and other industries. Located in Clinton, MS, Taylor Power's headquarters and assembly plant includes more than 300,000 square feet of office, training and production space.

BLUFFTON, OH — GROB Systems Inc, a company headquartered in Germany that manufactures machining and assembly systems, has designed and created coronavirus testing booths for Ohio hospitals.

High-quality carbide cutting tools are essential for CNC machines such as lathes and routers. Possehl France SAS knows this quite well, and has specialized in precisely stamping metal parts used in these tools for more than 45 years.

STATESVILLE, N.C. —Doosan Bobcat North America announced a temporary production suspension at its manufacturing facilities.

SEYMOUR, IN –Cummins Inc. has announced it will change shift patterns and reduce hours for employees at three local manufacturing facilities due to the statewide stay-at-home order.

TYLER, TX — Trane manufacturing plant in Tyler has closed their location for deep cleaning of workstations and common areas after an employee tested positive for the coronavirus.

ROSSLYN, VA—The leading trade associations representing America’s electrical supply chain united to ensure that lawmakers at the state and local levels keep the power on for everyone as they make decisions related to the current COVID-19 health crisis.

MILWAUKEE, WI — Rockwell Automation, an industrial automation and digital automation provider, announced two acquisitions, one domestic and one international, that will be finalized in the coming months.

NORTH CHARLESTON, SC — PRC Laser Corp., an industrial laser manufacturer, plans to invest $1.4 million into a new facility in Charleston County that will create 73 jobs.