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Title: Manufacturing News | Manufacturing Dive

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The company, which is set to officially spin off on June 29, aims to generate $6.5 billion in earnings by 2030.


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Raw and finished steel reached 1.87 million net tons for the month of April, driven by increased imports of tin plate, metallic coatings and other goods, according to census data.


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Defense contractor Rheinmetall is also investing $41 million across six U.S. manufacturing facilities to expand production capacity, upgrade operations and fortify its supply chain.


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The project is expected to create 490 jobs and will be supported by recently approved CHIPS Act funding. The U.S. government will become one of the company’s largest shareholders as part of the funding agreement.


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Semiconductors, textiles, metals and machinery are among the most exposed goods, the McKinsey Global Institute says.


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