logo
Two new factories expected to create up to 100 jobs

Two new factories expected to create up to 100 jobs

Yahoo20-03-2025
An engineering company has been granted planning permission for two new factories that are set to create up to 100 jobs.
Goodwin International, a subsidiary of Hanley-based Goodwin Group, will build the production units at the Newstead Industrial Estate, where it currently employs 400 people.
It said the new development represented a huge opportunity and would support young people through its apprenticeship scheme.
Stoke-on-Trent City Council's planning committee backed the proposals, but concerns were raised over the impact of the development on wildlife, in particular great crested newts.
"We're really excited about this development at Goodwin, it's a big moment for us as a company, but equally it's a big moment for Stoke-on-Trent," said Paul Root, a director at the firm.
He added: "We're really proud of what we've achieved as a company during our long-standing tenure in Stoke-on-Trent."
Councillor Faisal Hussain raised concerns over the impact of the development on wildlife, in particular great crested newts.
"I've always been a big supporter of greenbelt and I know the government's recent changes to the areas are something that personally doesn't sit right with myself, and it opens the gates for other developments across the city," he said.
Officers said the land constituted "grey belt land" and that the development would not be considered inappropriate.
Councillor Laura Carter said: "I think it's really difficult to be sympathetic with such a huge build, but I'm really pleased with this planning application.
"I think for me it ticks all the boxes as far as planning goes. I'm particularly pleased with the jobs it's going to create and the impact it'll have on the city's economy. I think it's a great thing for the city."
This news was gathered by the Local Democracy Reporting Service, which covers councils and other public service organisations.
Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
Hundreds of jobs set to be created with new lab
Is there a way to successfully build on the green belt?
Is greenbelt at more risk from move to protect it?
Stoke-on-Trent City Council
Local Democracy Reporting Service
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

MIAX-parent Miami International targets $1.7 billion valuation in rare exchange IPO
MIAX-parent Miami International targets $1.7 billion valuation in rare exchange IPO

Yahoo

time29 minutes ago

  • Yahoo

MIAX-parent Miami International targets $1.7 billion valuation in rare exchange IPO

(Reuters) -Miami International Holdings, the parent of bourse operator MIAX, said on Monday it was targeting a valuation of up to $1.67 billion in its New York initial public offering, setting the stage for a rare flotation of a U.S. financial exchange. The Princeton, New Jersey-based company, backed by private equity firm Warburg Pincus, is seeking to raise up to $315 million by offering 15 million shares priced between $19 and $21 apiece. The listing comes at a time when frequent bouts of market volatility, triggered by geopolitical tensions and tariff turmoil, have boosted trading volumes and profits for exchanges in recent quarters. Exchange IPOs are rare. Less than half of U.S. bourse operators are public. Cboe Global Markets was the last to get listed in 2010 after a $339 million IPO. Miami International, which competes with CME Group, Cboe, Nasdaq and New York Stock Exchange owner Intercontinental Exchange, has eyed a stock market listing for some time. It confidentially filed paperwork in 2022. In the first half of 2025, Miami International's revenue jumped 21.4% to $654.9 million, while adjusted earnings nearly quadrupled to $67.8 million. RAPID RISE MIAX was founded in 2007 after a wave of consolidation amongst equity and options exchanges. It is led by Thomas Gallagher, one of its principal founders. The firm operates nine exchanges across asset classes, including options, equities and futures. Since launching its first options exchange in 2012, MIAX has steadily grabbed market share from its peers, making it the fourth-largest U.S. options exchange, according to the Options Clearing Corporation. In June, MIAX acquired the International Stock Exchange, a European listing venue, to bolster its global footprint. It also owns the Bermuda Stock Exchange. Miami International secured $100 million investment from Warburg Pincus last year and another $40 million in June. Asset manager Wellington Management has also indicated interest in buying up to $40 million of shares. J.P. Morgan, Morgan Stanley and Piper Sandler are the lead joint bookrunning managers. Miami International will list on the NYSE under the symbol "MIAX".

Thousands of Boeing fighter jet, munition machinists go on strike
Thousands of Boeing fighter jet, munition machinists go on strike

The Hill

time40 minutes ago

  • The Hill

Thousands of Boeing fighter jet, munition machinists go on strike

Roughly 3,200 machinists at Boeing's defense hub in the St. Louis area went on strike Monday, the first time the union has done so in nearly three decades, after they rejected the latest contract offer from the aerospace giant. The machinists, who work in Missouri and Illinois building and maintaining F-15 and F/A-18 fighter jets and munitions, voted Sunday to reject Boeing's offer of a four-year contract that included a 20 percent wage increase, $5,000 ratification bonus and other improvements such as better retirement benefits. The group went on strike at midnight on Monday. International Association of Machinists and Aerospace Workers District 837, which represents the employees, said any contract should reflect the workers' skill and the critical role they play in U.S. national defense. 'Our union is built on democracy, and our members have every right to demand a contract worthy of their contributions,' IAM International President Brian Bryant said in a statement. 'We will be there on the picket lines, ensuring Boeing hears the collective power of working people.' Dan Gillian, a vice president at Boeing and senior St. Louis site executive, said the company is disappointed the offer was rejected but is prepared for the strike. 'We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers,' he said in a statement. IAM last went on strike in 1996. The strike presents another headache for Boeing, which is struggling to rebound from a spate of safety issues, major financial losses and production delays. Last year, the Federal Aviation Administration placed restrictions on the number of 737 Max jets Boeing could build after a door panel blew out of a 737 Max midair. An ensuing investigation revealed safety oversight shortcomings at the company. The latest strike also follows one that started last September, when a Seattle-based union that represents more that 33,000 Boeing workers essentially halted production of some of the company's best-selling commercial aircraft for nearly two months.

EVI Industries Completes Acquisition of ASN Laundry Group
EVI Industries Completes Acquisition of ASN Laundry Group

Business Wire

time40 minutes ago

  • Business Wire

EVI Industries Completes Acquisition of ASN Laundry Group

MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: 'EVI' or the 'Company') announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group ('ASN'), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI's 31 st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI's presence and market share in the state of New York and will enable the Company to provide increased customer service. Henry M. Nahmad, EVI's Chairman and Chief Executive Officer, commented: 'This acquisition is about more than expanding our footprint—it is about investing in people. Customers do not buy brands; they buy trust, relationships, and expertise. By bringing together the entrepreneurial spirit of thirty-one family-owned businesses, the salespeople, technicians, and specialists who make those solutions real, and the most comprehensive portfolio of commercial laundry products in North America, we are the only company capable of delivering any solution our customers need. Our strategy empowers our distributors to do what they do best: help customers plan, build, and grow with confidence.' EVI's Buy and Build Philosophy Key components of EVI's buy-and-build strategy include: Identify and partner with great businesses led by influential leaders, Retain the leadership team, honor the company culture and empower them, Collaborate on new and transformative ideas to foster a spirit of growth and innovation, Pursue aggressive growth plans and help the leadership team achieve their goals, and Create an ownership culture by motivating the team with long-term equity. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company's robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company's customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company's installation, maintenance, and repair services. Forward-Looking Statements Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of EVI Industries, or industry trends and results, to differ from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that the acquisition of ASN may not be accretive to EVI Industries earnings or otherwise have a positive impact on EVI Industries operating results or financial condition to the extent anticipated or at all, integration risks, risks related to the business, operations, and prospects of ASN and EVI Industries plans with respect thereto. Reference is also made to other economic, competitive, governmental, technological and other risks and factors discussed in EVI Industries filings with the Securities and Exchange Commission, including, without limitation, those disclosed in the 'Risk Factors' section of Amendment No. 1 to EVI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the SEC on September 13, 2024. Many of these risks and factors are beyond EVI Industries control. In addition, past performance and perceived trends may not be indicative of future results. EVI Industries cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. EVI Industries does not undertake to, and specifically disclaims any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store