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With a cost of $22.8 million, the hybrid electric-diesel vessel was due to be delivered to Casco Bay Lines next month. But a contractor snafu has pushed the date out.
Touted as an energy breakthrough, the combined heat and power system will use wood waste and “super-critical carbon dioxide” energy conversion turbine technology.
The Kittery factory of Parker Hannifin Corp. will wind down operations after making industrial parts since 1967. Hazardous materials handled there pose ongoing contamination risks that may linger after the shutdown.
Factory of the Future 1.0 can print objects as large as 96 feet long by 32 feet wide by 18 feet high, and is four times the size of its predecessor.
Guest columnist Derek Volk, CEO of Volk Packaging Corp., writes that Maine companies are saddled with high costs, greater tax burden and more regulations than more competitive states.
Attorney General Aaron Frey has filed a lawsuit against the company and its successors, claiming Monsanto illegally contaminated Maine wetlands, streams and rivers with the toxic chemicals.
Development of the former mill, which had an industrial explosion in 2020 and closed last year, will focus on businesses looking to be near forest resources. About 1 million square feet of industrial space will be available.
The promotional products distributor announced the acquisition of California-based 02 Marketing +Design for an undisclosed amount.
The addition of the machine shop will help Howell Laboratories expand its footprint in Navy shipbuilding, the company says. With the purchase, it now employs 70 people.
A new 85,000-square-foot facility will combine manufacturing, administration and inventory, which is now split up between several leases.
Tempshield, a Trenton-based maker of cryogenic gloves and other protective gear, is among the winners of the Maine International Trade Center's 2024 International Trade and Investment Awards.
If options in the contract are fully executed and funded, the agreement could be worth $343.7 million and run through 2029, Bath Iron Works said.
After sales fell last year, the Freeport-based company has cut its performance bonus from 13.5% of annual pay to 9%.
The listing went live this week and has already garnered inquiries from owner-users and investors. Robbins Lumber acquired the plant last year from Pleasant River Lumber Co.
Under the direction of this 2024 Business Leader of the Year, the food business incubator and shared manufacturing and processing facility, moved to a large facility and is on track to enroll 100 members by June.
A 2024 Business Leader of the Year, Melissa LaCasse, secured $3.2 million in pre-seed funding and used her skills in distribution, business development and strategic planning to position Tanbark for success.