LITTLE ROCK, Ark. (Arkansas Business) -- Stocks fall yesterday amid new signs of weakness in Europe's economy.
Signs of weakness in Europe's economy
Among those signs: new car sales in Europe falling 10 percent in the first quarter. This comes as high unemployment saps demand for big purchases.
Britain said Wednesday that unemployment rose to 7.9 percent during the three months ending in February up 0.2 percent from the previous three months.
SGL Carbon announces Ozark investment
Here in Arkansas, SGL Carbon announcing yesterday that it will invest $26 million in its Ozark manufacturing facility, purchasing equipment for a new workshop it aims to complete by June 2015.
SGL employs more than 90 people at its Ozark plant, which makes high-power graphite electrodes for the production of steel in electric arc furnaces.
SGL has been operating in Ozark since 1981.
In addition to the Ozark plant, SGL operates the Hitco Carbon Composites plant in Arkadelphia, which makes high-performance insulation components for aircraft.
California company invests in Arkansas
Also yesterday: another company making investments in its Arkansas operation.
Enviro Tech Chemical Services of Modesto, Calif., expecting to create as many as 120 new jobs after its 110-thousand-SF facility in Helena is completed.
In July, Gov. Mike Beebe announced that the chemical plant expansion would add about 40 jobs, increasing the company's local workforce to more than 70.
But at the building's groundbreaking this month, Enviro Tech's CEO said the company wants closer to 150 workers.
The facility will replace the one that was already present in Helena, he added. It's expected to open in November 2014.