Tag: 夜上海论坛MH

Wolf Administration: Historic Foundry Expands in Columbia County

first_img SHARE Email Facebook Twitter Wolf Administration: Historic Foundry Expands in Columbia County March 05, 2020center_img Jobs That Pay,  Press Release,  Schools That Teach,  Workforce Development Governor Tom Wolf announced that Benton Foundry, Inc., an iron casting company, will expand its operations and production capacity at its facility in Benton, Columbia County, which will support the combined retention and creation of 304 full-time jobs.“It’s special to not only witness but support a company that has been a staple in Northeast Pennsylvania as it continues to grow,” said Gov. Wolf. “Benton Foundry is a company that has achieved success throughout many years of operation, and, as the company evolves, it continues to bring new career opportunities and better services to Pennsylvanians and consumers alike.”Benton Foundry established itself in Northeast Pennsylvania in the 1950s and, by 1975, was capable of pouring 22 tons of iron daily. Today, Benton Foundry’s state-of-the-art, fully automated facility pours 170 tons of iron daily and anticipates being able to increase its capacity to up to 225 tons per day after expanding. Benton Foundry will expand its core pouring room and cleaning and finishing areas. The company has committed to investing more than $21 million in the project and create at least 40 new jobs over the next three years.“Benton Foundry has prospered by pushing into harder-to-make castings, which has made core assembly an integral part of our success and growth as we double the size of this portion of the foundry,” said Tim Brown, vice president of Benton Foundry. “We feel fortunate to partner with world-renowned ergonomics and industrial engineering professors from Penn State University, in addition to the Governor’s Action Team, whose work reflects tangible results that will provide sustenance for the continued growth of our operation.”The company received a funding proposal from the Department of Community and Economic Development for the project, which includes a $150,000 Pennsylvania First Grant and $40,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.Benton Foundry has been a leader in the iron casting industry for more than 50 years and is equipped with the latest technology to identify how to make jobs easier, less expensive, and more efficient, including design reviews, 3D modeling, solidification analysis, rapid prototyping, and more.For more information about the Governor’s Action Team or DCED, visit the DCED website, and be sure to stay up-to-date with all of our agency news on Facebook, Twitter, and LinkedIn.last_img read more

Football’s sponsors worry that they are paying for nothing

first_img Promoted Content7 Reasons Why You Aren’t Getting The Tasks Done8 Most Expensive Mistakes The World Has Ever Made6 Stunning Bridges You’ll Want To See With Your Own EyesTop 10 Most Iconic Characters On TVWho Earns More Than Ronaldo?Which Country Is The Most Romantic In The World?2020 Tattoo Trends: Here’s What You’ll See This YearThe Models Of Paintings Whom The Artists Were Madly In Love WithCan Playing Too Many Video Games Hurt Your Body?You’ve Only Seen Such Colorful Hairdos In A Handful Of Anime6 Ridiculous Health Myths That Are Actually True5 Of The World’s Most Unique Theme Parks One market expert, who did not wish to be named, said that the risks of deserting can outweigh the financial costs, especially for companies “who are doing well” in sectors that are seen to be less affected, such as technology or the food industry. – ‘White knight’ – “You can go to them and say: ‘You can play the white knight by investing in sport in these difficult times’,” the market expert said. The value of being seen to remain loyal is reflected in the attitude of the Iberdrola Group, the main sponsor of the Spanish women’s first division. Loading… Read Also: Ronaldo has had advantages in the quarantine – Lazio chief “It is now, in this dramatic situation, that the support of sponsors is needed more than ever. You don’t pull out at times like these,” a spokesman for the Spanish electricity supply group told AFP. Even so, players in the sector estimate a 60 to 70 percent drop in investment and the prospect of several lean years. “There is of course a risk that some companies that wanted to invest will no longer do so, but will do so later,” said Bruno Bianzina, director of the Sport Market agency, a French company. FacebookTwitterWhatsAppEmail分享 French hotel group Accor, PSG’s main sponsor, left open the question of whether it would pay the full amount provided for in its contract (about 50 million euros, $54.7 million, a year), before saying two days later that it had honoured its commitments. “When you’re a sponsor, you want visibility,” Accor CEO Sebastien Bazin told French radio. “But at the same time, it’s in bad times that you recognise your friends and those who are there for you.” Sponsors can say overnight “we’re stopping everything because we’re in an emergency situation where we have to eliminate all the superfluous expenditure”, sports economist Jean-Pascal Gayant told AFP. “In the event of a crisis, the first budget item they cut is often the communications.” With stadiums dark, match shirts folded in closets and most players confined at home, football’s sponsors have lost all visibility and are growing restless.European clubs are struggling to offer their ‘partners’ a return on their investments as sport grapples with the coronavirus pandemic.Barcelona make 354.6m euros from sponsorship, according to Deloitte, more than any other club “We’re trying to do activities with our players for our sponsors, who are even more demanding since the lockdown. But it’s very complicated because of the health crisis,” one club marketing manager told AFP. The stars, the surest way for sponsors to attract an audience, are at home, many back in their native countries. Worse, there are no games for them to play. Matches on TV display the brands on the team jerseys or around the pitch to millions of viewers. At West Ham, one of the sponsors, high-risk finance company Basset & Gold, which the club stresses is not connected with owner David Gold, has just gone bankrupt, blaming the coronavirus crisis. Many sponsors are in sectors hit especially hard, such as airlines and hotel and restaurant chains. Some sponsors are beginning to cancel payments. – ‘Everything has to be suspended’ – Bordeaux’s main sponsor Bistro Regent has cancelled its April payment“It’s quite obvious that having no more events, everything has to be suspended, it seems so logical to me. It’s a case of force majeure,” Marc Vanhove, the boss of the Bistro Regent restaurant chain, which sponsors the Bordeaux shirt, told AFP.The Bordeaux-based chain suspended its contract, which runs until 2023, he said, “until we have the dates for the resumption”. With matches cancelled and some broadcasters, notably in France, beginning to withhold payments, club finances are already strained. “Sponsorship is particularly important for Europe’s biggest clubs,” said Deloitte, the accountancy and services firm, in the 2020 edition of its ‘Football Money League’ which ranks clubs by income. It said the primary source of revenue for its top five clubs (Barcelona, Real Madrid, Manchester United, Bayern Munich and PSG) is commercial and averages 49 percent of total revenue — although that number is inflated by PSG, which reports 57 percent of revenue from sponsorship. West Ham will have to remove the name of bankrupt sponsor Basset & Gold from their sleevesLower down the Deloitte table, the proportions change.For the clubs placed 16 to 20 (Roma, Lyon, West Ham, Everton and Napoli), 65 percent of revenue comes from broadcasting.last_img read more