News

Kinkisharyo International Inc., the No. 1 supplier of low-floor light rail vehicles in North America, is moving its U.S. headquarters from Massachusetts to El Segundo, bringing about 25 jobs to the South Bay city and another 250 positions to the Palmdale area, where it will manufacture rail cars for the county Metropolitan Transportation Authority.

Manufacturers consume a lot of energy, particularly natural gas. Increased domestic production of natural gas has lowered its price, and a new study by IHS estimates industrial production will increase by 3.5 percent by the end of this decade as a result of the shale energy revolution.

Presentation from March 2011 Economic Outlook Conference