BusinessInnovationManufacturing

Canadian Composite Rebar Manufacturer Announces Major U.S. Expansion in North Carolina

A Toronto-based manufacturer of fiberglass rebar is making its first foray into the United States with a significant manufacturing investment. The new North Carolina facility represents a strategic expansion for the composite materials company seeking to strengthen its position in the industrial construction market.

Strategic U.S. Market Entry

Canadian construction materials manufacturer MST Rebar will establish its first American production facility in North Carolina, according to company announcements. The Toronto-based supplier of fiberglass reinforcement products plans to invest $15.5 million in a 56,000-square-foot manufacturing plant in Bladenboro, marking a significant expansion beyond its Canadian operations.

EnergyManufacturingTechnology

GE Vernova Expands Electrical Infrastructure Focus Amid Surging Power Demand

GE Vernova is capitalizing on unprecedented electricity demand growth through strategic acquisitions and expanded manufacturing capacity. The company’s electrification segment revenue jumped 32% year-over-year as data center orders approach $1 billion in 2024 alone.

Strategic Shift Toward Electrification Infrastructure

GE Vernova is reportedly strengthening its position in electrical infrastructure markets through strategic acquisitions and capacity expansions, according to recent reports. The company’s acquisition of Prolec GE is said to override previous contractual limitations that prevented transformer sales into North America, significantly boosting market access during what analysts describe as a “utility investment supercycle.”