GRAND RAPIDS, MICH. (Nov. 19, 6 p.m. ET) -- Paragon Die & Engineering Co. is going big with its plans to diversify its production. Very big. The Grand Rapids-based toolmaker invested $3.5 million on a double-gantry five-axis milling machine that measures 60 feet by 12 feet — or about the size of a typical carwash. (more)

GUANGZHOU, CHINA (Nov. 20, 2:00 p.m. ET) -- Some Chinese industry leaders are happy with the decision to relocate NPE from Chicago to Orlando, with some pointing out that service in Chicago needed improvement. But the spring dates for NPE2012, mere weeks before that year’s Chinaplas trade show, have raised some concern. (more)

ASHLAND, OHIO (Nov. 20, 11:05 a.m. ET) -- Hedstrom Plastics has found a use for a closed-down Wal-Mart in Ashland: A new rotational molding factory. The company also is moving its headquarters into a smaller, vacant JCPenney store. (more)