tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Whirlpool announces a planned $300M investment in its U.S. laundry manufacturing

Whirlpool (WHR) announced a planned $300M investment in its U.S. laundry manufacturing facilities, one in a series of strategic commitments to grow its American manufacturing footprint. This investment is expected to create between 400 and 600 new jobs across the company’s operations in Clyde and Marion, Ohio, positioning Whirlpool Corp. for increased production of its next generation of washers and dryers, while also supporting approximately 5,000 additional jobs outside the company. Financial assistance from JobsOhio and tax credits from the State of Ohio will support continued investments in workforce development and the company’s Clyde and Marion operations. The investments are subject to final approval of the financial assistance.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1