The Japanese automaker Honda announced Thursday that it will invest $470million dollars to build its fourth plant in Mexico, which will be located in Celaya, Guanajuato, and will specialize in the production of transmissions.

Italy's Antares Vision announced a strategic partnership agreement with Xyntek Inc, the American global leader in real-time IT and industrial automation solution for the medical and pharma industry.

Italy's US subsidiary, Zilmet USA opened a high-tech facility in Georgetown County, South Carolina, creating 40–50 jobs and citing major cost savings, automation, proximity to suppliers, and strong local workforce support—including top-notch technical schools—as key reasons for choosing South Carolina.

Italian cable giant Prysmian is investing $500 million to expand its McKinney, Texas, operations with a 650,000-square-foot medium-voltage cable facility, creating 120 jobs and boosting U.S. energy infrastructure. The plant, expected to open in 2027, will enhance capacity to meet growing electricity demand.

Farm Credit Canada (FCC) recently announced a $2 billion strategic investment plan, to be implemented by 2030, with the goal of accelerating the development and adoption of innovative technologies in the agriculture and food sectors.

As the possibility of high tariffs on Canadian goods looms, manufacturers must prepare for the potential impact. Tariffs, which could reach 25% on products from Canada and Mexico, threaten to increase costs and disrupt supply chains.

In a strategic move aimed at bolstering its Canadian operations, SCM has appointed Matt Fleming as the new Country Manager for SCM Canada, effective July 23, 2024. With over two decades of experience in the woodworking industry, Fleming brings a wealth of expertise and a proven track record in managing international brands.