Manufacturing and Supply Chain Report for Feb. 5, 2020

Materials Sciences LLC plans next expansion in Greenville

Materials Sciences LLC, an engineering services and manufacturing company, plans to expand operations in Greenville County for the third time since 2013. The $4.2 million investment is expected to create 34 new jobs, according to a news release from the Greenville Area Development Corp. (GSA Business Report)

Boeing plans another 787 rate cut, dropping to 10 next year

For the second quarter in a row, Boeing Co. announced plans to cut the production rate of 787 airplanes. The company said it would cut production early next year and plans to return to 12 per month in 2023. Company leadership attributed the cut to global trade challenges and a lack of orders from Chinese customers. (Charleston Regional Business Journal)

Construction industry struggling to find workers

The shrinking labor pool has frustrated hiring managers across economic sectors, but the hard-hit construction industry is being hammered by a number of factors that keep the worker supply low. An initiative is underway now to bolster the pipeline by reaching out to young people before they settle on another profession. (GSA Business Report)

Milliken & Co. closes deal on Borchers Group specialty chemicals company

Milliken & Co., a global diversified manufacturer based in Spartanburg, has formally acquired Borchers Group Ltd., a global specialty chemicals company that makes high-performance coating additives and specialty catalyst solutions. (GSA Business Report)

Fast-paced April event to match suppliers with employers in Richland, Lexington

Businesses in Richland and Lexington counties can network and establish supplier relationships at a matchmaker event to be held in April at the Columbia Metropolitan Convention Center. The event is designed to connect companies with large employers and original equipment manufacturers in a format that resembles speed dating sessions. (Columbia Regional Business Report)

Michelin named world's most admired tiremaker

Michelin has been ranked the most admired tire manufacturer in the world by Fortune magazine. The company also ranked third among all auto parts makers on the magazine's World's Most Admired Companies list for 2020. (GSA Business Report)