Recent and archived news stories on: Manufacturing, agribusiness, chemicals, electronics, energy, fabrication, plastics, textiles, international trade, shipping, logistics

Ports of LA, Long Beach Prep for Another Record Year

Both the Port of Los Angeles and the Port of Long Beach are prepping for what could be another record-setting year.

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Battle Motors Launches Nationwide EV Charging Network

In December, Michael Patterson had a big hand in taking public a Vernon-based maker of lithium-ion battery packs for electric vehicles.

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Phase Four Raises $26 Million for Satellite Engines

Aerospace startup Phase Four has raised $26 million to support development of engines for satellites.

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Port of LA Processes 10 Million Container Units of Cargo

The Port of Los Angeles reached a major milestone by processing 10 million container units of cargo in a 12‑month period.

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Fisker Plans Climate Neutral Vehicle by 2027

Electric vehicle maker Fisker Inc. plans to manufacture a climate-neutral vehicle by 2027.

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IP Push Helps Drive Mattel’s Transformation

At the recent Virtual Citi Leisure Day investor conference, Mattel Inc. Chief Executive Ynon Kreiz touted the transformation of the El Segundo-based toymaker since he took the helm in 2018.

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Rocket Lab Cleared to Resume Launches

Long Beach-based Rocket Lab USA Inc. has been approved by the Federal Aviation Administration to resume flights following a failed launch attempt in mid-May.

EV Maker Canoo Plans Texas Facility

Canoo Inc.’s latest press releases lists Dallas in the dateline, an unusual designation for a company officially based in Los Angeles County.

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Zero-Emission Vehicle Manufacturer US Hybrid Is Acquired

Torrance-based US Hybrid Corp. has been acquired by New York-based Ideanomics Inc. for $50 million.

Wonderful Co. Ad Agency Hires New Chief Creative Officer

Wonderful Agency, an in-house ad shop tasked with promoting Wonderful Co.’s roster of nut and fruit brands, has hired Margaret Keene as its chief creative officer.

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LA500 Q&A: Henrik Fisker Is Ready to Roll Again

Henrik Fisker has been down this road before, which means he knows the twists and turns that lie ahead.

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Angeles Equity, Clearlake Capital Unload Lumber Business

Santa Monica-based private equity firms Angeles Equity Partners and Clearlake Capital Group have agreed to sell their lumber and building material business.

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Drake-Backed Daring Foods Raises $40 Million

The health-conscience, plant-based chicken substitute market isn’t without competition, so it doesn’t hurt to have rap superstar Drake as an investor.

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Port Logistics Group Rebrands, Shifts Focus

City of Industry-based Port Logistics Group has rebranded as Whiplash Inc., adopting the name of a third-party logistics company it acquired in 2019.

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OSI Systems Contract Could Pay $480 Million

Hawthorne-based OSI Systems Inc. was one of the three vendors awarded an IDIQ contract by Customs and Border Protection for its X-ray inspection equipment.

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