Whirlpool to build new facility in Tenn.
Benton Harbor, Mich.-based Whirlpool announced it will build a new production facility in Cleveland, Tenn.
The company said it has selected Lexington, Ky.-based Gray Construction to build the new 1 million-sq.-ft., LEED-certified manufacturing facility, as well as a 400,000-sq.-ft. distribution center. The new Cleveland facility will produce built-in premium cooking products.
Whirlpool said it will invest $120 million in the new facility, adding approximately 130 new jobs. The new plant will replace an existing 100-year-old facility also located in Cleveland. Construction is slated to begin in the fourth quarter of 2010.
The company said the new facility is just one step in its commitment to invest in its U.S.-based manufacturing footprint. The company also announced plans to build a new $85 million office campus in its headquarters location of Benton Harbor, Mich.; acquisition of the former WC Wood facility in Ottawa, Ohio; a $175 million investment in the company’s manufacturing facilities in Ohio, which will produce advanced, high-efficiency laundry products; a $20 million investment in its Amana, Iowa, refrigeration plant; and the announcement of a new $40 million, 1 million sq.-ft., LEED-certified regional distribution center in Wilmer, Texas.
HD Supply sees signs of stabilization
HD Supply today reported net sales of $1.974 billion for the second quarter, up slightly from $1.973 billion in the same quarter last year.
Consolidated net loss for the second quarter of fiscal 2010 was $115 million, compared with a net loss of $89 million for the same period in fiscal 2009.
“As we enter the second half of this year, we are beginning to see signs of economic and industry stabilization and are cautiously optimistic,” said CEO Joe DeAngelo. “We continue to invest in the critical growth areas for our business that will uniquely position HD Supply to grow faster than the markets as they recover.”
Net sales for the first six months of fiscal 2010 were $3.8 billion, a decline of 2.8% compared with the first six months of fiscal 2009. Operating income in the first six months of fiscal 2010 improved $11 million to $5 million compared with an operating loss of $6 million in the first six months of fiscal 2009.
“Over the past six months, we have enhanced our product mix, continued to improve our operational efficiencies and have made critical investments in our technology systems. In addition, our teams are intensely focused on maintaining and growing current customer relationships, and earning new business by providing outstanding service to our customers,” DeAngelo added. “Our growing liquidity and the extension of the majority of our debt maturities to 2014 enhances our solid financial position.”
Lowe’s expands energy center nationwide
After a 21-store trial period in California last year, Lowe’s announced it is launching its Energy Center nationwide.
Designed to be a one-stop destination for energy-saving products, Lowe’s said The Energy Center is a fully integrated energy solution, bringing products that measure, reduce and generate energy to one convenient location.
“The Energy Center builds on Lowe’s commitment to bring more innovative products and services to our customers,” said Nick Canter, Lowe’s EVP merchandising. “By pulling together comprehensive options to help them manage their energy use, the Energy Center makes it easier for customers to become more energy efficient while putting money back in their pocket.”
The new Energy Centers take a three-tier approach to saving energy around the home. They feature products to measure energy loss, reduce energy consumption and even help generate new energy through solar power.