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Pennsylvania Business Report
Westinghouse tech-based nuclear reactors approved for projects in China
Two newly approved projects in China will include AP1000 technology-based nuclear reactors made by Cranberry Township, Pa.-based Westinghouse Electric Co., bringing the total number of operational and approved reactors in China based on this technology to 16. “Westinghouse AP1000 technology continues to be recognized for its record-breaking operational and availability performance through successful deployments in […] The post Westinghouse tech-based nuclear reactors approved for projects in China appeared first on Pennsylvania Business Report.
PPG selling silicas products business for $310M
Pittsburgh-based PPG recently entered into an definitive agreement to sell its silicas products business to Poland-based QEMETICA S.A., a manufacturer of soda ash, silicates and other specialty chemicals, for approximately $310 million in pre-tax proceeds. The sale includes manufacturing facilities in Lake Charles, La., and Delfzijl, The Netherlands. Under the terms of the sale, QEMETICA […] The post PPG selling silicas products business for $310M appeared first on Pennsylvania Business Report.
Enviri Corporation sells Reed Minerals business for $45M
Philadelphia-based Enviri Corporation, a company offering critical recycle and reuse solutions, recently sold its Reed Minerals business to Speyside Equity, a global private equity firm, for $45 million in cash. Enviri will use proceeds from the sale to reduce its debt and strengthen its balance sheet. “Divesting Reed Minerals is yet another noteworthy transaction for […] The post Enviri Corporation sells Reed Minerals business for $45M appeared first on Pennsylvania Business Report.
Morgan Properties opens headquarters in Conshohocken
Morgan Properties, a national real estate investment and management company, recently opened its new corporate headquarters in Conshohocken. It was formerly headquartered in King of Prussia. “The relocation of our headquarters to Conshohocken is a pivotal step in fostering the future growth of our company,” Jonathan Morgan, Morgan Properties JV president, said. “In the last […] The post Morgan Properties opens headquarters in Conshohocken appeared first on Pennsylvania Business Report.
MSA Safety named outstanding corporate innovator
The Product Development and Management Association (PDMA), a nonprofit professional society that organizes and publishes information about new product development, recently honored Cranberry Township-based MSA Safety, an advanced safety products, technologies and solutions company, with a 2024 Outstanding Corporate Innovator (OCI) Award. “The OCI Committee has recognized MSA Safety as a 2024 recipient of the […] The post MSA Safety named outstanding corporate innovator appeared first on Pennsylvania Business Report.
Sen. Yaw to introduce legislation to establish energy development fund
Pennsylvania State Sen. Gene Yaw (R-23) recently announced plans to introduce legislation to establish a Pennsylvania Baseload Energy Development Fund. The proposed fund would provide low-interest grants and loans to finance the construction, maintenance, modernization and operation of electric generation facilities. “Pennsylvania alone supplies nearly 25 percent of baseload electric generation capacity to the grid,” […] The post Sen. Yaw to introduce legislation to establish energy development fund appeared first on Pennsylvania Business Report.
Natural gas rises as bipartisan, no-brainer policy issue for state voters
With Election Day mere weeks away, one policy topic is supported on both sides of the aisle in the Keystone State: natural gas, which is considered by lawmakers and voters alike as being critical to advancing environmental, national security and economic goals. “Natural gas bridges political divides in Pennsylvania because the industry provides universally supported […] The post Natural gas rises as bipartisan, no-brainer policy issue for state voters appeared first on Pennsylvania Business Report.
Nippon Steel plans additional $1B investments in U.S. Steel-operated steel mills
Japan’s largest steel producing company, Nippon Steel Corp., plans to make additional investments in two steel plants operated by U.S. Steel as part of its pending acquisition of the Pittsburgh-based steel producer. “From the outset, we have been clear in our admiration for the entire U. S. Steel portfolio and our desire to provide investment […] The post Nippon Steel plans additional $1B investments in U.S. Steel-operated steel mills appeared first on Pennsylvania Business Report.
PA Democrats host roundtable, tour addressing rural economic challenges
Participants in Tuesday’s Pennsylvania House Majority Policy Committee roundtable and tour examined obstacles for small businesses, particularly those in rural areas across the state. “I’m grateful for everyone who came out today from across Pennsylvania and beyond to talk about these challenges and how to best address this complex issue,” said State Rep. Paul Takac […] The post PA Democrats host roundtable, tour addressing rural economic challenges appeared first on Pennsylvania Business Report.
JVS Fund awards $200,000 to four women-owned businesses in Philadelphia region
The JVS Philadelphia Fund for Women (JVS Fund) recently awarded four women-owned businesses $50,000 each. The grants support women-led businesses in the Philadelphia region that provide professional services or products. Funding helps awardees implement effective growth strategies. “These businesses represent the ingenuity and resilience of women entrepreneurs,” Judith von Seldeneck, JVS Fund founder said. “Our […] The post JVS Fund awards $200,000 to four women-owned businesses in Philadelphia region appeared first on Pennsylvania Business Report.
Texas company purchases Stuffed Puffs’ assets
Texas-based Mount Franklin Foods, a foodservice company, recently acquired Bethlehem-based Stuffed Puffs’ assets for an undisclosed amount. The purchase allows Mount Franklin Foods to expand its confectionery portfolio, and is part of a strategic plan to diversify and expand its product offerings. “We are thrilled to join the Mount Franklin Foods family,” Michael Tierney, Stuffed […] The post Texas company purchases Stuffed Puffs’ assets appeared first on Pennsylvania Business Report.
Apprenticeship program to address abandoned, orphaned wells
The Shapiro administration and the United Mine Workers of America (UMWA) have partnered to launch a new registered apprenticeship program to train workers to plug oil and gas wells. The new program, the Gas Well Capping Technician program, is registered with the Department of Labor & Industry’s Apprenticeship and Training Office and will run out […] The post Apprenticeship program to address abandoned, orphaned wells appeared first on Pennsylvania Business Report.
Westinghouse files appeal protesting Czech nuclear deal
Cranberry Township, Pa.-based Westinghouse Electric Company and France’s EDF are protesting the Czech Republic’s recent decision to award a multi-billion-dollar nuclear tender to South Korea’s KHNP. Specifically, Westinghouse and Électricité de France SA, commonly known as EDF, a French multinational electric utility company owned by the government of France, filed formal appeals with the Czech […] The post Westinghouse files appeal protesting Czech nuclear deal appeared first on Pennsylvania Business Report.
Mawson Infrastructure Group expands Ohio lease
Midland-based Mawson Infrastructure Group, a digital infrastructure company, recently expanded its Perry County, Ohio, lease through April 2033. Expansion increases Mawson’s AI (artificial intelligence) and HPC (high-performance computing) growth capacities, and increases its footprint in the deregulated PJM market, the largest wholesale electric market in North America. Under the lease amendment, Mawson 24 megawatts of […] The post Mawson Infrastructure Group expands Ohio lease appeared first on Pennsylvania Business Report.
MPB Risk Services purchases employee benefits firm
MPB Risk Services, an insurance services provider doing business as MPB Insurance and Risk Management, recently purchase Commonwealth Financial Group, an employee benefits firm doing business as Commonwealth Benefits Group. MPB Risk Services is a Mid Penn Bancorp company. The purchase enables Mid Penn to expand its insurance offerings. “This acquisition marks a significant milestone […] The post MPB Risk Services purchases employee benefits firm appeared first on Pennsylvania Business Report.
Allegheny Contracting bought by MPE Partners, Precision Pipeline Services
Ridgway, Pa.-based Allegheny Contracting LLC, a Department of Transportation-qualified pipeline and site work contractor, has new ownership. Morgenthaler Private Equity (MPE) Partners and its portfolio company Precision Pipeline Services acquired Allegheny Contracting, which provides technical utility services for the natural gas end market in Pennsylvania and surrounding Mid-Atlantic and Midwest states. “I am exceptionally proud […] The post Allegheny Contracting bought by MPE Partners, Precision Pipeline Services appeared first on Pennsylvania Business Report.
PPG completes upgrades to Vietnamese facility
PPG recently completed upgrades to its Yen Phong industrial coatings plant in Vietnam. The upgrades expanded the capacity and included a production line dedicated to PPG AQUACRON waterborne decorative and functional coatings for consumer electronics, testing equipment and automated spray booths. The plant now has six production lines, and the company says this will accelerate […] The post PPG completes upgrades to Vietnamese facility appeared first on Pennsylvania Business Report.
Broadband company offering service to Adams, Cumberland and Perry counties
Brightspeed, a North Carolina-based broadband and telecommunications services provider, will soon be offering high-speed Internet to nearly 50,000 homes and businesses in Adams, Cumberland and Perry counties. “In today’s world, Pennsylvania residents cannot run a business without reliable internet. Strong internet is no longer a luxury – it is a necessity, crucial to successfully participating […] The post Broadband company offering service to Adams, Cumberland and Perry counties appeared first on Pennsylvania Business Report.
DCED secretary discusses how state budget supports downtowns
Rick Siger, Department of Community and Economic Development (DCED) secretary, recently spoke about how Gov. Josh Shapiro’s bipartisan 2024-2025 budget supports downtown business districts, creates jobs, and boosts the economy. “The Governor’s bipartisan budget includes bold, meaningful investments — like $20 million for the new Main Street Matters program — to make Pennsylvania more competitive, […] The post DCED secretary discusses how state budget supports downtowns appeared first on Pennsylvania Business Report.
Shapiro administration announces 66 projects across state awarded transportation funding
Pennsylvania Gov. Josh Shapiro announced on Aug. 19 that more than $51 million in funding from the Multimodal Transportation Fund has been awarded to 66 transportation projects in 32 counties in the state. “These improvements will help our communities grow as we continue working together to move Pennsylvania forward,” said the Democrat. The funding is […] The post Shapiro administration announces 66 projects across state awarded transportation funding appeared first on Pennsylvania Business Report.
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