Economy

Zekelman Helps Fund Kabul Airlift Rescue
Written by Tim Triplett
October 14, 2021
Zekelman Industries reports that it donated $1 million to help charter two flights into and out of Kabul, Afghanistan, which successfully rescued 534 American citizens and lawful permanent residents, spouses and children after the U.S. military withdrew from the city.
The mission was sponsored by Task Force Argo, a group of private citizens working to evacuate Americans and Afghan partners stranded in the war-torn country. When Army veteran Jim Young of Sabot Development reached out to Zekelman Industries, EVP Mickey McNamara and Chairman and CEO Barry Zekelman said they jumped at the opportunity to help. “We went all in when our good friend and business partner Jim Young reached out to see if we could support this,” Zekelman said. “We felt privileged to be able to do so – to support those who have served and to play a part in rescuing American citizens, lawful permanent residents, spouses and children. It was the right thing to do.”
The Task Force Argo team said it moved quickly to handle logistics and coordinate with contacts in Kabul, the U.S. Department of Defense and Department of State to vet the passenger lists and clear everyone for landing in Abu Dhabi. The volunteer rescue organization said it continues to work to secure safe passage for all evacuees to their final destinations.
Zekelman Industries is one of the largest suppliers of pipe and tube products in North America.

Tim Triplett
Read more from Tim TriplettLatest in Economy

Chicago Business Barometer falls back in April, remains in contraction
The Chicago Business Barometer declined in April, reversing March’s gains, according to Market News International (MNI) and the Institute for Supply Management (ISM).

Fewer manufacturers optimistic about the economy
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)

Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.

New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey