Easter Sunday: Sunny, and BEAUTIFUL from sunrise service to the afternoon egg hunt! Highs in the mid 70s with light winds. (Sunrise is 7:03am)
Becoming partly ... More...
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.
More Business News
Last Update on April 17, 2014 17:08 GMT
WASHINGTON (AP) -- The number of people applying for U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
The Labor Department says that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That is the lowest four-week average since October 2007, just two months before the Great Recession started. The average has fallen by 53,500 applications over the past 12 months.
Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on their workers with the expectation of stronger economic growth ahead.
Employers added 192,000 jobs in March and 197,000 in February, the Labor Department reported. Hiring has picked up after a slowdown caused by severe winter weather.
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
Mortgage rates have risen about a full percentage point since hitting record lows about a year ago.
Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. But housing has struggled to maintain momentum. Rising home prices and higher mortgage rates have held back some potential home buyers. Others have had trouble qualifying for mortgages.
NEW YORK (AP) -- Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.
The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.
Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.
Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.
NEW YORK (AP) -- PepsiCo reports a stronger-than-expected first-quarter profit as the company slashed costs and sold more snacks around the world.
The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, says global snack volume rose 2 percent while beverages were even from a year ago.
In its closely watched North American beverage unit, PepsiCo Inc. says volume was even. Growth in other drinks offset a 1 percent decline in sodas.
For the quarter, the company earned $1.22 billion, or 79 cents per share. Not including one-time items, it earned 83 cents per share, above the 75 cents per share Wall Street expected.
A year ago, it earned $1.08 billion, or 69 cents per share.
Revenue edged up to $12.62 billion, higher than the $12.39 billion analysts expected.
EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.
Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets.
The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.
The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million. Analysts expected $947.6 million. Barbie revenue dropped 14 percent.
NEW YORK (AP) -- Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.
The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.
That program has been expanded more than tenfold this week to nearly 1,600 items across a much wider array of consumer goods. Everything from beauty products and pet supplies, to home office supplies like printer ink, are now available through subscription.
Target, based in Minneapolis, is playing catch up in the subscription arena, which has exploded as companies test consumer appetites for almost every niche, from socks to razors, to clothing and entertainment.
The Good Life
Celebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
SideroadsTake a ride with Don Welch to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
Road TrippinCome Road Trippin' with us and see all the great sites in your area!
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
Educator of the WeekEach week WTVC will profile a teacher in Southeast Tennessee and acknowledge their part in the advancement of the education of their students and the contributions to their profession.
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!