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2024 Virginia 500: Manufacturing
DOUG BASSETT PRESIDENT, VAUGHAN-BASSETT FURNITURE, GALAX BRADFORD ‘BRAD’ BEAUCHAMP PRESIDENT AND CEO, CARPENTER, RICHMOND MANMEET S. BHATIA PRESIDENT AND CEO, TMEIC CORP. AMERICAS, ROANOKE HOWARD BROADFOOT PRESIDENT AND CEO, ELECTRO-MECHANICAL, BRISTOL ESTER CODINA MANAGING DIRECTOR, ALFA LAVAL U.S. SALES; CLUSTER PRESIDENT, NORTH AMERICA[...]
Martinsville industrial property sells for $2.35M
An entity connected to Time Equities, a New York diversified investment, development, asset and property management and alternative energy company, purchased a 99,500-square-foot industrial building in Martinsville currently leased by Atlas Molded Products on Aug. 14 for $2.35 million, according to real estate records and a Cushman & Wakefield | Thalhimer news release. Time Equities [&hellip[...]
South Asian yogurt manufacturer to open Frederick County facility
Desi Fresh Foods, a producer of Indian-style spoonable and drinkable yogurt products, is opening a new manufacturing facility in Frederick County, creating 56 jobs, Gov. Glenn Youngkin announced Friday. The New York-based company will “invest a significant amount of money to open a new manufacturing facility,” according to a news release. Desi Fresh Foods and […]
Micron expects to expand Manassas facility soon
Bolstered by hundreds of millions of dollars in state and federal funding, semiconductor manufacturing in Northern Virginia soon will be expanding. In May, Idaho-based Micron Technology applied for federal funding through the 2022 CHIPS and Science Act, which allocated more than $52 billion in subsidies for domestic companies researching and manufacturing semiconductors, to expand its […]
Top Five August 2024
The five most popular daily news stories on VirginiaBusiness.com from June 12 to July 12 included news of Republican Gov. Glenn Youngkin’s appointees now holding a majority on the governing boards of Virginia’s state colleges and universities. 1 | Youngkin peppers university boards with GOP power players New members included some conservative movers […]
Speyside Bourbon Cooperage to create 40 jobs in Pittsylvania
Speyside Bourbon Cooperage will invest $16.85 million to build a new stave mill in Pittsylvania County’s Brosville Industrial Park, Gov. Glenn Youngkin announced last week. A U.S. subsidiary of a French company, Speyside Bourbon Cooperage produces staves, or strips of wood, from American White Oak, which are used to make the company’s bourbon barrels. Pittsylvania […]
Reports: Novo Nordisk in talks to buy Petersburg Ampac plant
Two South Korean media outlets have reported that the South Korean owner of Ampac Fine Chemicals may sell its manufacturing plant in Petersburg to Novo Nordisk, the Danish global pharmaceutical company. Sources told The Korea Economic Daily that the Seoul-based manufacturing conglomerate SK Group, which purchased Ampac in 2018 for a reported $576 million, is […]
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96-acre property located […]
Simmons Equipment announces $8.5M expansion into Russell County
Simmons Equipment, a specialty mining equipment manufacturer based in Tazewell County, plans to expand into neighboring Russell County, Gov. Glenn Youngkin announced Monday. The company expects to invest $8.5 million into converting two buildings in Lebanon, an investment set to create 75 jobs, the governor’s office said. Founded in Tazewell in 2005, Simmons produces soft […]
Hitachi Energy plans $26M expansion in Halifax County
Hitachi Energy plans to invest $26 million into expanding its South Boston facility, that manufactures transformers, a move expected to create about 100 jobs, according to a news release the company shared with a few stakeholders in the Southern Virginia region in June. In April, Hitachi announced plans to invest over $1.5 billion to increase […]
MARGARET SHAIA
Margaret Shaia trained as an accountant, but says she had zero interest in being “a bean counter who sits in an office all day. I wanted to know what the numbers were saying.” That curiosity led her to a series of jobs at Virginia manufacturing companies, where she became involved not just in financial […]
Liebherr to expand Newport News-Hampton facility
Newport News-based Liebherr Mining Equipment will invest $72.3 million to expand a plant at the border of Newport News and Hampton, creating an estimated 175 jobs, Gov. Glenn Youngkin announced Tuesday. “We thank Liebherr, an international leader in mining equipment manufacturing, for its commitment to the commonwealth of Virginia,” Youngkin said in a statement. “Liebherr […]
