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Manufacturing

NATASHA NELLIS

Mercer International buys closed Katerra plant in Spokane Valley

Canadian timber company needs to secure 40 employees before plant can be operational again
August 12, 2021
Natasha Nellis
A Vancouver, British Columbia-based timber company has acquired the 270,000-square-foot former Katerra Inc. facility in Spokane Valley for $50 million and plans to hire at least 40 workers at the site to
Read More
Natasha Nellis

Distribution space is in high demand across the Inland Northwest

Developers add 4.5M square feet of space in INW industrial market
August 12, 2021
Natasha Nellis
Spokane is booming with new manufacturing and distribution warehouse space as developers attempt to seize on the area's most in-demand commercial sector.
Read More
Continuous Composites Inc.

Continuous Composites secures $17M in financing

Company looks to double workforce within the year
July 29, 2021
Natasha Nellis
Coeur d'Alene-based additive manufacturer Continuous Composites Inc. has secured $17 million in funding that CEO Tyler Alvarado says will help the company double its workforce and bring its product to market within the next year. The financing round
Read More
Kevin Blocker

Medical diagnostics developer prime for growth

COVID, telemedicine may spur GenPrime's market
July 29, 2021
Kevin Blocker
Before the arrival of COVID-19, privately held Spokane-based biotechnology company GenPrime Inc. started developing a digital reader and mobile application that could read diagnostic tests more quickly and accurately. Now, between the pandemic and
Read More

Executive Pay sees double-digit increase

Leadership changes, strong market performances lead compensation escalation throughout pandemic
July 29, 2021
Linn Parish
Executive pay at Inland Northwest-based publicly traded companies increased by double digits during the pandemic year of 2020, a Journal of Business analysis has found. The surge in total compensation for executives occurred during an unusual
Read More

Pacific Steel plans new facility in East Spokane

Current building is in path of North Spokane Corridor
July 15, 2021
Natasha Nellis
Montana-based Pacific Steel & Recycling plans to move its Spokane operations to a new two-building complex the company is constructing in East Spokane.
Read More

Hemmingson's Triumph: Lakeside Capital buys Triumph Composite plant

Group plans to convert 50-acre West Plains site into manufacturing hub
July 15, 2021
Kevin Blocker
Wanting to generate long-term, high-paying manufacturing jobs in the Inland Northwest, a company led by veteran businessman and philanthropist John J. Hemmingson has acquired Triumph Composite Systems Inc.'s nearly 50-acre parcel of land and
Read More

Jubilant HollisterStier broadens its expansion plans in East Spokane

Pharmaceutical company to double capacity by 2024
June 17, 2021
Natasha Nellis
Jubilant HollisterStier plans to invest $92 million to expand its existing facilities in North Spokane and double its capacity, broadening the scope of an expansion the company first disclosed late last year.
Read More

Spokane manufacturers expect long lead times into 2022

Supply issues coupled with steady demand contribute to backlogs
June 17, 2021
Virginia Thomas
Some manufacturers here say that demand for their products remains high, but they expect to experience ripple effects of the COVID-19 pandemic into 2022.
Read More

Gold Reserve cuts executives' pay for $1 million-plus savings

Cost cuts to be spread over three-year period
June 3, 2021
Kevin Blocker
The president of Gold Reserve Inc. and two other executives have taken voluntary salary cuts even though the company is debt free and has $60 million in working capital.
Read More
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