Latest news with #JEA
Yahoo
23-07-2025
- Business
- Yahoo
Former Bacardi-owned land to become 1,000-acre housing, retail project in Jacksonville
Benderson Development filed updated plans June 25 for its mixed-use development in North Jacksonville, moving one step closer to transforming over 1,000 acres of timberland into a residential, industrial and commercial project. The new site plan, submitted to JEA, outlined a mixed-use development at the intersection of Interstate 95 and Pecan Park Road, where the company has been assembling and planning land for years. The plan includes 1,650 single-family homes, 275 apartment units, 1.6 million square feet of industrial space and 87,725 square feet of retail, anchored by a 53,402-square-foot grocery store. Also included in the proposal are a 12,000-square-foot medical office and an 80,000-square-foot showroom, which could become a large-format retail user or specialty display space. The site design also designates five other parcels set to be used as restaurants, banks, convenience stores or other retail spaces. The property is part of the Bacardi mixed-use planned development, which has been in the works for several years. Benderson, a privately held real estate company headquartered in Bradenton, is one of the largest development companies in the U.S. with "over 1,000 properties totaling over 55 million square feet of space nationwide," according to its website. Other development news 'It saved my life': ESPN's Steffi Sorensen plans local gym to heal more than muscles The Jacksonville City Council unanimously approved land use and zoning changes for the site earlier this year, as first reported by the Jacksonville Daily Record. The rezoning allows for a mix of conservation, light industrial, commercial and "medium- and low-density residential uses" across the more than 1,000-acre property. Future phases of development will require traffic impact studies and individual reviews by the city. This article originally appeared on Florida Times-Union: North Jacksonville plan includes 1,650 homes, grocery store near I-95 Solve the daily Crossword
Ammon
28-06-2025
- Business
- Ammon
24 Jordanian companies participate in New York Fancy Food Show 2025
Ammon News - 24 Jordanian companies specializing in the food industry are scheduled to begin their participation in the Summer Fancy Food Show 2025 on Sunday in New York City. According to a statement issued Saturday by the Jordan Exporters Association (JEA), which is organizing the Kingdom's, the show is "one of the key international" food and beverage events in North America, due to the "wide" participation of exhibitors, buyers, and visitors from across the world. IEA Chairman, Senator Ahmed Khudari, said Jordan's presence in the three-day event is the association's 16th consecutive participation in this global show. Khudari added that the Jordanian pavilion will showcase a range of "high-quality" food products, mainly oriental desserts, spices, coffee, chocolate, canned Middle Eastern foods, and various soft beverages. Khudari noted the participation is part of the association's plans and programs to support and enable the Kingdom's industry to enter new markets and keep pace with the latest developments in this field, which contributes to the continued development and growth of Jordan's food industry. On its significance, he said the show constitutes an "important strategic" platform for Jordanian companies to showcase their products to a global audience and connect with major importers and distributors from various markets. Khudari added that this vision would contribute to enhancing "competitiveness" of Jordanian products and increasing their export opportunities. The event, he stated, is witnessing the participation of approximately 2,400 international exhibitors from 50 countries, presenting their products in more than 40 food categories. Khudari said the U.S. is "one of the strongest" destination markets in terms of purchasing power and a "promising" market for national exports, adding that multiple national products have the opportunity to enter the market and meet its needs, as the two countries signed a free trade agreement. Jordan has signed free trade agreement with the United States in 2000 and entered into force in 2010, aimed to strengthen ties of friendship and economic, commercial, and investment cooperation. According to official data, Jordan's exports to the United States last year amounted to JD 2.208 billion, marking a 13 percent increase compared to 2023. For his part, JEA Director General, Halim Abu Rahma, noted the Jordanian pavilion at the show since 2008 represents a "step" to enhance awareness of Jordanian products and network with major retailers and specialty food stores in the United States. Petra
The Citizen
27-06-2025
- Business
- The Citizen
Equestria's road quality improves from 15% to 85%
A community-led initiative in Equestria, east of Pretoria, has significantly improved road conditions in the area, thanks to a partnership between residents, local businesses, and organisations. More than 228 potholes have been repaired in May and June through this approach. According to Ward 85 councillor Jacqui Uys, the community teamed up with the Equestria Joint Economic Area (JEA) through a Community Upliftment Precinct agreement to tackle the area's pothole crisis. 'The collaboration resulted in 228 potholes being repaired, pushing the area's road quality from only 15% pothole-free to a remarkable 85%,' Uys explained. She said the initiative was driven by a successful Easter Pothole Challenge fundraiser held in April, during which 200 raffle tickets were sold at R200 each. 'The funds raised were used to purchase six tons of Roadsaver Cold Asphalt, a product guaranteed to last two years,' she said. Uys said the repairs were carried out during May and June, with some of the labour provided by DA volunteers, local activists, and community members, including JEA co-ordinator Wade Tilley. Local businesses also contributed manpower to support the repairs. 'This project shows what can be achieved when civil society, the private sector, and residents work together, especially when government efforts fall short,' said Uys. Uys praised the spirit of collaboration and said similar models could be replicated across the city. 'Where the municipality cannot reach in time, communities are proving they can step in and get the job done,' she said. In April, Tilley explained the initiative was informed by a detailed survey of Equestria's 20km road network. Conducted on March 22, the survey found 192 potholes, an increase of 35 since the previous count in January. To manage the scale of the project, the road network was divided into 20 equal sections. 'Each section represents about 5% of the total network. Breaking the task into milestones made it more achievable,' said Tilley. Before repairs began, only two of the 20 sections or 10% of the network, were pothole-free, including parts of Meerlust Road and Meadow Avenue. 'We challenged residents to help us make the entire road network pothole-free,' said Tilley. 'Each R200 raffle ticket could fix one pothole, and residents stood a chance to win a family hamper sponsored by local businesses.' Tilley said the initiative not only improves daily travel for residents but also makes the roads easier to maintain during the rainy season. Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram or TikTok. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Time of India
16-06-2025
- Automotive
- Time of India
Tata's JLR slashes FY26 EBIT margin guidance to 5–6% on higher EV investment, product transition
Jaguar Land Rover (JLR), the UK-based luxury carmaker owned by Tata Motors , has significantly lowered its earnings before interest and tax (EBIT) margin guidance for FY26 to 5–6%, from the previously stated 10%, as it gears up for a year of high capital investment, model changeovers, and an accelerated push toward electrification. The revised outlook was shared as part of the company's Investor Day presentation on June 16, where top executives outlined their medium-term roadmap and strategic priorities. CEO Adrian Mardell described FY26 as a 'year of transformation,' driven by planned launches of new-generation vehicles and the start of production of key electric models. These developments, he said, will exert pressure on margins and cash flows in the short term but are essential to setting the business up for sustainable growth. The lower margin forecast is attributed to several overlapping factors—elevated capital expenditure, working capital outflows linked to model changeovers, and upfront costs related to electric vehicle (EV) manufacturing readiness across plants. The company expects capex to rise to £3.5 billion in FY26, compared to £3.2 billion in FY25. This spike will fund tooling, product development, and upgrades to manufacturing sites, including the Halewood plant, which is being converted into JLR's first all-electric facility. With its multi-architecture strategy encompassing MLA, EMA and the new JEA platforms, JLR is betting on a flexible approach to transition its portfolio. The first pure-electric Range Rover is expected to roll out in 2025, while an all-new electric Jaguar GT, built on the bespoke JEA architecture, will follow in 2026. Jaguar will become an electric-only brand by then, focusing on high-performance, low-roof GTs priced upwards of £100,000. Even as FY26 is expected to be a transition year, the company reiterated confidence in its long-term targets. By FY27, JLR aims to achieve EBIT margins of over 10%, free cash flows of more than £2 billion, and revenue per unit above £80,000, up from around £71,000 in FY25. The management views the current investment phase as a necessary step to unlock this future value. CFO Richard Molyneux said that despite the near-term margin compression, the business model is designed to generate operating leverage once the new models ramp up and premiumisation gathers pace. JLR's four-brand strategy—spanning Range Rover, Defender, Discovery and Jaguar—remains central to its premium positioning. The company is focused on developing unique identities, customer experiences, and design languages for each brand while continuing to drive average transaction values through special editions and bespoke offerings. Products like the Range Rover SV and Defender 130 have helped JLR increase pricing power, a trend the company expects to continue. Operationally, JLR ended FY25 on a strong note. Wholesales excluding the China JV grew by 25% to 401,000 units, while EBIT margins improved to 8.5% from 4.9% in the previous year. Net debt declined to £0.7 billion, and the company is on track to become net debt-free by the end of FY25. Liquidity stood at £5.3 billion, providing a buffer for the high-spend year ahead. While the FY26 guidance reset has tempered short-term investor expectations, analysts say JLR's strategic direction remains sound. The coming year will test the company's ability to execute on its product, EV, and brand strategies under tighter margins, but the broader narrative of transformation and premium-led growth remains intact.
Economic Times
16-06-2025
- Automotive
- Economic Times
Tata's JLR slashes FY26 EBIT margin guidance to 5–6% on higher EV investment, product transition
Jaguar Land Rover, owned by Tata Motors, anticipates lower profit margins in fiscal year 2026. This is due to significant investments in electric vehicles and model upgrades. The company is converting its Halewood plant for EV production. JLR expects higher capital expenditure. Despite short-term challenges, JLR aims for improved margins and cash flow by fiscal year 2027. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Jaguar Land Rover (JLR), the UK-based luxury carmaker owned by Tata Motors , has significantly lowered its earnings before interest and tax (EBIT) margin guidance for FY26 to 5–6%, from the previously stated 10%, as it gears up for a year of high capital investment, model changeovers, and an accelerated push toward electrification. The revised outlook was shared as part of the company's Investor Day presentation on June 16, where top executives outlined their medium-term roadmap and strategic Adrian Mardell described FY26 as a 'year of transformation,' driven by planned launches of new-generation vehicles and the start of production of key electric models. These developments, he said, will exert pressure on margins and cash flows in the short term but are essential to setting the business up for sustainable growth. The lower margin forecast is attributed to several overlapping factors—elevated capital expenditure, working capital outflows linked to model changeovers, and upfront costs related to electric vehicle (EV) manufacturing readiness across company expects capex to rise to £3.5 billion in FY26, compared to £3.2 billion in FY25. This spike will fund tooling, product development, and upgrades to manufacturing sites, including the Halewood plant, which is being converted into JLR's first all-electric facility. With its multi-architecture strategy encompassing MLA, EMA and the new JEA platforms, JLR is betting on a flexible approach to transition its first pure-electric Range Rover is expected to roll out in 2025, while an all-new electric Jaguar GT, built on the bespoke JEA architecture, will follow in 2026. Jaguar will become an electric-only brand by then, focusing on high-performance, low-roof GTs priced upwards of £100, as FY26 is expected to be a transition year, the company reiterated confidence in its long-term targets. By FY27, JLR aims to achieve EBIT margins of over 10%, free cash flows of more than £2 billion, and revenue per unit above £80,000, up from around £71,000 in FY25. The management views the current investment phase as a necessary step to unlock this future value. CFO Richard Molyneux said that despite the near-term margin compression, the business model is designed to generate operating leverage once the new models ramp up and premiumisation gathers four-brand strategy—spanning Range Rover, Defender, Discovery and Jaguar—remains central to its premium positioning. The company is focused on developing unique identities, customer experiences, and design languages for each brand while continuing to drive average transaction values through special editions and bespoke offerings. Products like the Range Rover SV and Defender 130 have helped JLR increase pricing power, a trend the company expects to JLR ended FY25 on a strong note. Wholesales excluding the China JV grew by 25% to 401,000 units, while EBIT margins improved to 8.5% from 4.9% in the previous year. Net debt declined to £0.7 billion, and the company is on track to become net debt-free by the end of FY25. Liquidity stood at £5.3 billion, providing a buffer for the high-spend year the FY26 guidance reset has tempered short-term investor expectations, analysts say JLR's strategic direction remains sound. The coming year will test the company's ability to execute on its product, EV, and brand strategies under tighter margins, but the broader narrative of transformation and premium-led growth remains intact.
