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Mohawk to Add 500 Jobs in North Georgia
Georgia Gov. Nathan Deal announced Wednesday that Calhoun-based Mohawk Industries is expanding the company’s Summerville manufacturing operations in Chattooga County. Mohawk anticipates adding about 500 jobs in Summerville over the next five years through investments in manufacturing technologies that support the company’s sustainable manufacturing processes.
“Mohawk is one of Georgia’s flagship Fortune 500 companies, and we are pleased to see its continued investments in our state leading to the creation of meaningful jobs in Summerville and other communities,” Deal said. “This expansion is a great indicator of the resilience of the carpet and floor covering industry. Mohawk has Georgia’s full support for its continued investments in our state.”
At its Summerville operation, Mohawk recycles billions of reclaimed plastic bottles and containers into polyester fiber used to produce carpet. Through the expansion project, Mohawk will improve the efficiencies of its recycling and manufacturing processes to produce more fiber. The market for polyester carpet continues to grow significantly, and these investments will allow Mohawk to expand its capacity to meet consumer demand.
“The men and women at our Summerville facility contribute significantly to the company’s success,” said Mark Dye, Mohawk’s vice president of recycling. “We continue to invest in leading edge technologies because of our confidence in the skills and dedication of our people. We anticipate the initial phase of the expansion will be operational in 2013, and we expect the manufacturing improvements to yield new, innovative products that will provide even more value to our customers. We appreciate the support of leaders in the City of Summerville, Chattooga County and the State of Georgia that helped to make this expansion possible.”
Mohawk employs thousands of people in Georgia and across the nation. For decades, the company has been a leader in Georgia’s floor covering industry, which is a vital part of the state’s economy. The company offers a complete line of flooring products including carpet, rugs, ceramic tile, stone, wood, laminate and vinyl. Mohawk is at the forefront of sustainable manufacturing through its transformation of recycled materials into fashionable flooring products, a process that ranks the company among the leading recyclers of plastic bottles in North America.
“Mohawk Industries is one of northwest Georgia’s greatest corporate citizens, so we are certainly pleased to collaborate to offer all of our support to ensure one of Georgia’s homegrown companies can expand right here in our community,” said Jeff Mullis, executive director of the Northwest Georgia Joint Development Authority. “The carpet and floor covering industry is truly the backbone of our regional economy, so this expansion will not only benefit Mohawk, but also the people in communities throughout northwest Georgia.”
“The City of Summerville and Chattooga County are excited to join with the state and all of our partners involved in helping Mohawk Industries expand its operations in our community,” said Chattooga County Sole Commissioner Jason Winters. “Mohawk is one of our leading employers, so we remain fully committed to making certain this company has our complete support to remain competitive and grow in Chattooga County.”
The Georgia Department of Economic Development (GDEcD) partnered with the City of Summerville and Mayor Harry Harvey, the Northwest Georgia Joint Development Authority and the Chattooga County Chamber to manage this expansion project. GDEcD regional project manager Carl Campbell managed this opportunity on behalf of the state.
“Mohawk Industries is one of Georgia’s longstanding partners, and has created countless opportunities for the people of this state,” said GDEcD Commissioner Chris Cummiskey. “This expansion makes a significant statement about the future of the carpet industry in Georgia, and will have a tangible positive impact for the communities of northwest Georgia.”
About Mohawk Industries
Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. These products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Lees, Bigelow, Durkan, Daltile, American Olean, Unilin and Quick-Step. Mohawk’s unique merchandising and marketing assist our customers in creating the consumers’ dream. Mohawk provides a premium level of service with its own trucking fleet and local distribution in the United States. Mohawk’s operational international presence includes Australia, China, Europe, Malaysia, Mexico and Russia.
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Last Update on September 30, 2014 07:20 GMT
HONG KONG DEMOCRACY PROTESTS
HONG KONG (AP) -- Pro-democracy protesters in Hong Kong say they'll initiate new civil disobedience efforts tomorrow unless their demands for genuine democracy and the resignation of the city's unpopular chief executive are met.
The protesters spent another night blocking streets in an already unprecedented show of civil disobedience.
Even larger crowds are expected to flood the streets tomorrow, China's National Day holiday. The government says a holiday fireworks display is canceled.
Chief Executive Leung (lee-ung) Chun-ying urged the Occupy Central group today to take into account the considerations of other residents and stop its disruptive protest. And he says China's communist leaders in Beijing will not back down from an August decision to restrict voting reforms for the first direct elections to pick his successor in 2017.
The crowd, mostly students, continues to occupy a six-lane highway next to the local government headquarters.
BEIJING (AP) -- A survey has found China's manufacturing activity in September held steady at the previous month's low level, indicating the world's second-largest economy faces risks to growth.
HSBC Corp. said Tuesday its monthly purchasing managers' index stood at 50.2 on a 100-point scale on which numbers above 50 indicate expansion. It was unchanged from August's 3-month low.
A measure of export orders rose to its highest level since March 2010.
China's economy grew by 7.5 percent over a year earlier in the quarter ending in June but manufacturing, housing sales and other indicators suggest growth might be weakening.
HSBC economist Hongbin Qu said in a statement, "We think risks to growth are still on the downside and warrant more accommodative monetary as well as fiscal policies."
DRUG COMPANIES-DOC PAYMENTS
WASHINGTON (AP) -- The Obama administration is planning to release data Tuesday on drug and medical device company payments to tens of thousands of individual doctors.
The goal is to shine a light on potential ethical conflicts in medicine. Consumer groups say it's overdue, but doctors' groups fear consumers will jump to the wrong conclusions.
President Barack Obama's health care law calls for companies to report payments of $10 or more to physicians. It's a provision that has bipartisan support.
The goal is to allow patients to look up their own doctors online. That functionality won't be ready yet. But the preliminary data being released Tuesday is expected to be useful for researchers.
ATLANTIC CITY, N.J. (AP) -- A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume today.
The auction that began last Wednesday was suspended due to the approach of the Rosh Hashanah holiday. Revel has refused to reveal details of what has transpired so far.
The former casino's management has received multiple bids for the property. The lone bid made public thus far is $90 million from Florida developer Glenn Straub, who envisions a gathering place for "geniuses" tackling a number of problems, with or without a casino.
The casino cost $2.4 billion to build, and had been open for just over two years before going out of business on Sept. 2.
NEW YORK (AP) -- Two supermarket companies -- Supervalu and Albertsons -- are reporting that the credit and debit card data of their shoppers may be at risk because of a hack.
The companies say that in late August or early September, malicious software was installed on networks that process card transactions at some of their stores.
Albertsons says the malware may have captured data including account numbers, card expiration dates and the names of cardholders at stores in more than a dozen states. Supervalu says the malware was installed on a network that processes card transactions at several chains, but it believes data was only taken from certain checkout lanes at four Cub Foods stores in Minnesota.
The breach could affect Albertsons stores in California, Idaho, Montana, Nevada, North Dakota, Oregon, Utah, Washington and Wyoming; Acme Markets stores in Delaware, Maryland, New Jersey and Pennsylvania; Jewel-Osco stores in Illinois, Indiana and Iowa; and Shaw's and Star Markets stores in Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The Boise, Idaho-based company has a total of 1,081 stores.
DETROIT (AP) -- Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.
The recall covers Tacoma Four-by-Four and Pre-Runner pickups from the 2005 through 2011 model years.
The automaker says the leaf springs can fracture due to stress and corrosion. They can move out of position and come into contact with surrounding components, including the gas tank. Toyota says it's not aware of any fires, crashes or injuries from the problem.
Owners will be notified by mail and Toyota says dealers will fix the problem at no cost.
Owners with questions can call Toyota at (800) 331-4331.
WASHINGTON (AP) -- A report by federal investigators says IRS workers are often not doing all the research they are supposed to do to track down people with unpaid tax bills.
The study doesn't estimate how much money that costs the government. But it says that in 2012, the IRS declared $6.7 billion in unpaid taxes to be uncollectable because it couldn't find the taxpayer.
The Treasury Inspector General for Tax Administration released the report Monday. That office is the agency that audits the IRS.
The report found that in 57 percent of 250 cases studied, there was no evidence that workers did all required research before declaring taxes uncollectable.
The IRS contested some of the study's findings. It said investigators had significantly overestimated the value of some of the unpaid taxes.
WASHINGTON (AP) -- Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.
The Commerce Department reports that consumer spending in August rose 0.5 percent from the previous month after showing no gain in July. It was the best result since spending also expanded 0.5 percent in June.
Helped by higher wages and salaries, income rose a modest 0.3 percent in August, slightly faster than a 0.2 percent July increase.
The acceleration in spending added to signs that the economy is sustaining strength in the current July-September quarter. Consumer spending accounts for about 70 percent of economic activity, and the lackluster showing in July had raised concerns about whether the economy would retain the momentum it built in the spring after a harsh winter.
NEW YORK (AP) -- A New York judge has ruled that Argentina was in contempt of court on Monday for its open defiance of his orders. U.S. District Judge Thomas Griesa had issued an order requiring that U.S. hedge funds holding Argentine bonds be paid the roughly $1.5 billion they are owed if the majority of the South American nation's bondholders are paid interest on their bonds.
Griesa made the announcement after a lawyer for U.S. hedge funds -- led by billionaire hedge fund investor Paul Singer's NML Capital Ltd. -- argued that Argentina has openly defied Griesa's court orders for more than a year. The judge reserved a decision on sanctions pending further proceedings.
The judge said repeated efforts to avoid paying U.S. bondholders was illegal conduct and no longer could be ignored. Griesa said that Argentina in various ways has sought "to not attend to" its financial obligations.
DEARBORN, Mich. (AP) -- Ford shares have tumbled after the automaker said that it will fall short of its full-year profit goals.
At a conference for investors, the Dearborn, Michigan-based automaker said it expects a pretax profit of around $6 billion this year, down from the $7 billion to $8 billion it previously forecast.
Chief Financial Officer Bob Shanks said record profits in North America aren't enough to offset trouble in South America, where Ford expects to lose $1 billion this year, and Russia, where falling sales and the rapid deterioration of the ruble took the company by surprise. Warranty costs -- including a $500 million charge for last week's recall of 850,000 vehicles for defective air bags -- are also higher than expected.
Shanks said Ford expects a pretax profit of $8.5 billion to $9.5 billion in 2015, based partly upon an expected recovery in South America and improvement in warranty costs. The company also plans fewer vehicle introductions in 2015, which will cut costs. Ford is introducing 23 vehicles worldwide this year; next year, it plans to introduce 16.
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