Mining company LKAB has announced plans to build a new sorting facility at its Malmberget mine in Gällivare, Sweden. The project will entail an investment of Skr6bn ($640.38m), the Swedish miner said. It is part of the company’s plans to enhance its sorting process and boost production capacity, all while minimising environmental impact. The construction phase is set to commence in 2025, with the plant anticipated to be operational by 2028. Michael Palo, LKAB senior vice-president for the Iron Ore segm ...

Core Viewpoint - PPG Industries, Inc. is investing $380 million in a new aerospace coatings and sealants manufacturing facility in Shelby, NC, set to begin construction in October 2025 and expected to be completed in the first half of 2027 [1][2]. Group 1: Investment and Employment - The new facility will create over 110 jobs to meet the increasing demands of the aerospace industry by producing a full line of PPG's aerospace coatings and sealants [2]. - The facility will span 198,000 square feet and is expected to enhance supply-chain management and operational efficiency due to its proximity to transport links [2]. Group 2: Environmental Considerations - PPG is focusing on environmental implications by incorporating advanced manufacturing technologies and practices aimed at reducing environmental impact while ensuring high standards of quality and safety [3]. Group 3: Market Performance - PPG's stock has declined by 16.3% over the past year, contrasting with a 1.4% decline in the industry [4].