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Rolls-Royce invests $75 million to expand South Carolina plant

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A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025.

Ronny Hartmann | Afp | Getty Images

British aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina.

The investment will boost output of mtu Series 4000 diesel engines, which are used in backup power systems for data centers and other critical infrastructures.

“The increased investment strengthens our ability to serve our U.S. customers — especially in the fast-growing American data center industry,” Adam Wood, managing director for Rolls-Royce’s power systems division in America, said in a Tuesday press release.

The company said the expansion will create 60 new jobs, increase capabilities and strengthen Rolls-Royce’s U.S. industrial presence.

The move also reflects Rolls-Royce’s shift into energy and power systems, beyond its traditional aerospace focus.

Rolls-Royce said it will machine additional mtu Series 4000 components in the U.S. as part of the investment. The company currently produces many the components in Germany and sends them to the U.S. as finished goods. 

“We are proud to support America’s growing demand for reliable, domestically made energy systems that strengthen our nation’s energy independence and security,” said Adam Riddle, CEO for North America.

This is the second major announcement in two days for the company.

On Monday, the United Kingdom and Czech Republic announced a partnership to collaborate on small modular reactors, according to Reuters.

Rolls-Royce SMRs could export up to six reactors to the Czech Republic under the deal.

The South Carolina site is now set to become a hub in Rolls-Royce’s North American power systems strategy. The first phase of the expansion will begin in the first quarter of 2026, and production will begin in July 2027.



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Reeves’ Limited Budget Options Raise UK Growth Fears

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Chancellor of the Exchequer Rachel Reeves says growth is the solution to Britain’s economic problems, but she has been boxed in by an £8 billion ($11 billion) increase in borrowing costs since her last fiscal statement in March. In her Nov. 26 budget, Reeves plans to introduce growth measures such as transport links and planning reforms, but her options are limited and she may have to rely on spending restraint and tax rises to address the economic problems. Bloomberg’s Kit Rees has more.



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Wall Street Strategists See Investor Concern on Fed Independence

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Wall Street strategists see signs that investors are becoming more concerned about Federal Reserve independence as President Donald Trump seeks to impose his will on the central bank and pushes for interest-rate cuts.



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Templeton’s Sekhon on India’s Tax Reform

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Manraj Sekhon, CIO of Templeton Global Investments, says India’s consumption tax cuts is a positive move, noting that price elasticity is higher in India compared to the US or China. He speaks exclusively on Bloomberg’s ‘Insight with Haslinda Amin’. (Source: Bloomberg)



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