Automakers contribute $10.8 billion to Alabama, report says

Alabama’s four automaking plants and affiliated factories contribute $10.8 billion to the state’s economy.

That’s according to a new report from Autos Drive America and the American International Automobile Dealers Association (AIADA).

The two collaborated on an economic impact survey looking at the reach automakers have in terms of investment and jobs.

According to the report, the auto industry has invested $14.5 billion in Alabama.

Last year, Mercedes-Benz, Honda, Hyundai, and Mazda-Toyota produced 1.124 million vehicles, with $10.7 billion in autos purchased from U.S. suppliers.

As far as jobs, the industry created 88,947 total jobs, generating $6.4 billion in total compensation. That includes more than 17,000 direct jobs, and 64,000 indirect jobs. According to the report, every direct automaking job supports 3.5 additional jobs in Alabama.

In revenue, the industry generated $892 million in state and local taxes, and $1.5 billion in federal tax receipts.

AL.com

EFC announces $210m investment in Texas semiconductor market

EFC Gases & Advanced Materials has announced a $210m investment in a brand-new manufacturing facility in McGregor, Texas, to support the semiconductor market.

Described as a “landmark development,” the site will feature chemical synthesis operations for electronic gases and deposition precursors, specialty gas transfill facilities, a central laboratory, a logistics hub, and an administration building.

News of the plant follows the Massachusetts-based company’s recent acquisition of 196 acres of land from the City of McGregor.

Pavel Perlov, President and CEO of EFC, said the facility will play a crucial role in onshoring essential materials for semiconductor fabs, aligning with Texas’ semiconductor industry.

Gas World