Friends of Manufacturing

Trump takes early victory lap on tax bill

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President Donald Trump took an early victory lap Saturday as Republicans closed in on his administration’s first major legislative accomplishment and the biggest overhaul to U.S. tax policy in 30 years.

“It's going to be one of the great Christmas gifts to middle income people,” the president told reporters outside the White House before boarding Marine One for a weekend getaway at Camp David.

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NAM on Tax Cuts and Jobs Act: Historic Progress for Manufacturers

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National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the Tax Cuts and Jobs Act conference report.

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Riedon Announces Major Expansion With Acquisition of Deltec Shunts

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Riedon, a specialist manufacturer of cutting-edge power and precision resistors, announced today the acquisition of Deltec Shunts, LLC. The company, based in Norwalk, California, is one of the premier US manufacturers of current shunts and fuse-block holders.

The agreement signed by the two companies involves the acquisition by Riedon of all Deltec's assets and product lines. The deal is a significant move for Riedon, as it enables the company to consolidate its position in its core markets, including instrumentation, aerospace, and defense, and significantly expand into key fast-growing market sectors in renewable energy applications and power supply design.

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Foxconn would get $140 million electricity project, use more power than any plant in state

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American Transmission Co. will seek state approval for a $140 million project to run electrical power to the huge manufacturing complex Foxconn Technology Group plans to build in Racine County....

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