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While threats to the industry will continue to exist moving into the future – whether in the global market or at home – many experts are certain that the supplier sector in the state will see growth on the horizon. The BBJ recently caught up with experts, state officials and the companies themselves to learn more about what could lie ahead for the supplier sector. A growing demand Hyundai Motor Manufacturing Alabama in Montgomery has the most substantial supplier presence in the state with 62 individual facilities densely populating east central Alabama. Read more: Supplying demand: How Alabama’s automotive growth is generating jobs
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Southwest Ohio’s economy will continue to grow in 2016, but at a slower rate than the national average — in part because of declines in steel production and federal spending, a PNC Bank senior economist said Tuesday. Nationally, the U.S. economy is seeing a slowdown in manufacturing tied to both the stronger dollar, which is putting a drag on U.S. exports, and a downturn in energy production, said Gus Faucher, a PNC senior economist and vice president. Faucher spoke at PNC’s Economic Forecast Luncheon, an annual event that attracted about 160 area business leaders to the Mandalay Banquet Center in Moraine. Declines in oil and natural gas exploration because of falling gasoline prices have impacted steel producers such as West
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U.S. jobs at manufacturing plants, research and development facilities and dealer networks tied to Japanese automakers grew 11.5 percent last year, for a total of 1.52 million positions. That data, found in a new report from the Japanese Automobile Manufacturers Association USA, underscores the companies’ robust growth across the country, including Alabama. In this state, both Honda and Toyota have a major manufacturing presence, and they have been adding jobs and investment in recent years at their plants. Ron Bookbinder, general director of JAMA USA, said the job growth is fueled by several factors. Read more: Japanese automakers’ jobs growing in the U.S., including Alabama
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Commerce, allies target Alabama auto sector growth

Alabama’s auto sector is charging forward, with record-setting production and new expansion activity that’s adding more muscle to the state’s prominent position in a global industry. Just this week, a new analysis showed that Honda’s Alabama assembly plant had an economic impact totaling $6.8 billion in 2014. A similar study this year focusing on Hyundai’s Alabama assembly operation also outlined that facility’s substantial financial impact. Meanwhile, Mercedes-Benz is launching a $1.3 billion expansion at its Alabama plant to prepare for the production of next-generation sport utilities, while supplier growth across the state has been strong throughout 2015. Read more: Commerce, allies target Alabama auto sector growth
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