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Callan JMB, Bia Power and Alabama State University form $60 million electrical manufacturing joint venture in Alabama

PUBT·08/11/2026 12:04:31
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Callan JMB, Bia Power and Alabama State University form $60 million electrical manufacturing joint venture in Alabama
  • Callan JMB entered a joint venture with Bia Power Systems, Alabama State University to build an advanced transformer manufacturing operation in Brewton, Alabama.
  • Partners project USD 60 million investment, up to 250 jobs, more than USD 150 million annual revenue capacity at full scale.
  • First-year venture revenue forecast at USD 25 million-USD 40 million, rising to USD 100 million-USD 150 million by year three; 25%-35% gross margin target.
  • Commercial sales targeted within nine months of groundbreaking; facility planned at an ASU-owned site, focused on reshoring electrical equipment production.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Callan JMB Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608110800PRIMZONEFULLFEED9807407) on August 11, 2026, and is solely responsible for the information contained therein.