Business Notes: Feb. 14, 2016
Bethel — GW Plastics last week announced the completion of a major expansion of its Dongguan, China, facilities. The project more than doubled the size of the plant, and the new 125,000-square-foot facility will permit the company to streamline its tooling, molding and medical device assembly operations while leaving room for contract manufacturing growth, the company said in a news release. The company plans to enhance its Asia...
N.H. to Debate Medicaid in 2016 Session
Concord — The debate over whether New Hampshire should keep more than 45,000 residents on subsidized health insurance is set to dominate the Statehouse when lawmakers return to Concord in January. New Hampshire’s Medicaid expansion plan will expire at the end of 2016, when federal funding drops below 100 percent, if lawmakers don’t vote to reauthorize it. Officials estimate the state will be on the hook for at least $12 million in...
Economy Expected To Stay Steady in 2016
Washington — After a year free from government shutdowns and other self-inflicted wounds, the U.S. economy in 2016 is expected to power forward at a steady, albeit unspectacular pace. Given all the global uncertainty, steady is the new strong. A six-year U.S. economic expansion, long by historical standards, rolls on. Japan remains in the doldrums, China’s growth has slowed precipitously and emerging markets such as Brazil and Mexico...
Plastics Firm Will Add Royalton Jobs
Royalton — GW Plastics announced Monday a planned $10 million expansion to its Royalton facility, which the company said will add roughly 70 jobs over the next three to five years. Starting later this month, the Bethel-based contract manufacturing business plans to grow its plant on Waterman Road by at least 21,000 square feet, creating space for 30 new industrial machines, according to a Monday news release. The addition will also...
