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FyberX to invest $17.5M in Mecklenburg HQ
FyberX Holdings, a regenerative agriculture company, will invest $17.5 million to establish its U.S. headquarters and production operations in Mecklenburg County, creating 45 jobs, Gov. Glenn Youngkin announced Wednesday. The company will be located in the formerly vacant Kinderton Distribution Center in Clarksville, where it will process hemp and other agricultural products and produce fibers [&h[...]
Everything is not awesome
When Lego Group representatives toured Chesterfield County’s Meadowville Technology Park on a winter day early this year, they didn’t speak. As with most industrial site visits, the county economic development authority staffers conducting the tour didn’t yet know which company they were working with, although they’d answered a site consultant’s request for proposal. [...]
Altria strikes $150M deal with Japan Tobacco
Altria Group Inc., the Henrico County-based tobacco giant, announced Thursday it is partnering with Japan Tobacco Group to sell heated tobacco products in the U.S. and worldwide, placing Altria in direct competition with Juul Labs Inc. and Philip Morris International Inc. The $150 million deal, in which Altria subsidiary Philip Morris USA has a 75% […]
Stihl names finance VP
Virginia Beach-based chainsaw and outdoor power equipment manufacturer Stihl Inc. has named Uwe Hirsch its vice president of finance, effective Nov. 7. Hirsch will plan, direct and control the company’s financial plans and will support IT operations and system implementations. He was most recently global vice president of finance, controlling and purchasing in the automotive […]
Fifth District economy little changed since August, Fed says
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has been largely unchanged since August, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic […[...]
Fortis Solutions Group hires chief commercial officer
Virginia Beach-based packaging manufacturer Fortis Solutions Group LLC has named Steve Powers its chief commercial officer, the company announced Monday. Powers joins Fortis from HP Inc. and has been in the printing industry for 30 years, working on the manufacturing and supplier sides of the business. Most recently, he served as HP’s sales director for […]
Executive insights
Virginia Business asked five Hampton Roads leaders to discuss how regional cooperation could directly impact their industries, how they’re coping with staffing shortages and what their hopes are for the region’s future. XAVIER BEALE Vice president of human resources and trades, Newport News Shipbuilding, Newport News Most Hampton Roads leaders say they’d like to see […]
Titanium company investing $82.1M in Halifax County
Charlotte, North Carolina-based IperionX Ltd., a minerals company that produces titanium metal powder for use in manufacturing, announced plans to establish Virginia’s first titanium demonstration facility in Halifax County, an investment of $82.1 million expected to create 108 jobs, Gov. Glenn Youngkin announced Tuesday. The three-year project will be in two phases: The first is […]
Evermade Foods to expand Fauquier County operations
Warrenton-based Evermade Foods is investing $110,000 to expand its manufacturing operations and add 46 jobs, Gov. Glenn Youngkin announced Monday. Evermade Foods is a co-manufacturer of prepared meals sold under private labels at grocery stores and through meal subscription services. The company has invested $1.7 million in building upgrades, machinery and tools to its 12,000-square-foot […[...]
Wisconsin company to open $2M plant in Roanoke County
Osseo, Wisconsin-based North American Specialty Laminations LLC, a company that provides lamination solutions to the building products industry, will invest $2 million to open a mid-Atlantic production facility in Roanoke County, creating 44 jobs, Gov. Glenn Youngkin announced Tuesday. NASL’s 57,000-square-foot plant will be located at 5185 Benois Road. It will serve NASL customers along [&h[...]
IALR names Boeing exec to EVP role
The Institute for Advancing Learning and Research in Danville has named Todd M. Yeatts as executive vice president of manufacturing advancement, effective. Oct. 3. Yeatts joins IALR from The Boeing Co., where he was senior manager for government operations. At the IALR, he will oversee the manufacturing advancement training program, and operation and strategic direction […]
Lutron Electronics to build $28.3M factory in Ashland
Pennsylvania-based Lutron Electronics will invest $28.3 million to build a 145,000-square-foot manufacturing plant in Ashland, creating 200 jobs, Gov. Glenn Youngkin announced Thursday. Lutron manufactures lighting controls, automated shading solutions, and intelligent lighting fixtures for residential and commercial applications. Lutron already has a sales office and training center in Ashland lo[...]
