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Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released April 17. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions [&hellip[...]
HP Hood announces $83.5M expansion in Frederick County
HP Hood, a nationally branded dairy processor, will invest more than $83.5 million to expand dairy processing operations at its Winchester-area facility in Frederick County, Gov. Glenn Youngkin‘s office announced Tuesday. The project includes upgrades to production and packaging equipment as well as construction of additional warehouse and cooler space. HP Hood’s expansion will provide[...]
Boeing CEO Calhoun to step down by year-end
Amid ongoing bad press over production problems and fallout from a high-profile January incident in which a 4-foot wall panel blew out of a Boeing 737 Max 9 jet cabin in mid-air, Boeing announced Monday that its president and CEO, Dave Calhoun, would step down from his position leading the embattled Arlington County-based Fortune 500 […]
Tucker Door & Trim enters Va. with $10M Henrico plant
Tucker Door & Trim, a Georgia-based distributor and manufacturer of doors, windows and specialty millwork for the construction industry, will soon open its first facility in Virginia, creating 50 jobs, Gov. Glenn Youngkin announced Wednesday. Tucker Door & Trim will invest $10 million in a Henrico County manufacturing and assembly facility for fiberboard and fiberglass […]
Fed’s Fifth District economy stays the course
Economic activity in the Federal Reserve’s Fifth District was little changed in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released March 6. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered from the nation’s 12 Federal Reserve Banks. It is compiled from […]
Lego delays Chesterfield production start to 2027
Lego Group will begin production at its $1 billion Chesterfield manufacturing facility in 2027, at least a year later than originally planned, the Danish toymaker announced Thursday. The company also named Preben Elnef as project lead and Gray | Hourigan, a joint venture between Lexington, Kentucky-based Gray and Richmond-based Hourigan, as general contractor. Billund, Denmark-based […]
Mack Trucks will expand Roanoke County facility
North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current facility to increase capacity for its […]
Smithfield Foods hires two C-suite execs
Virginia-based Smithfield Foods named two C-suite executives Monday. The nation’s largest pork product manufacturer and hog producer has named Brendan Smith its chief marketing officer and Allyson Bouldon its chief ethics and compliance officer. Smith is returning to Smithfield Foods, having previously served as senior vice president and chief marketing officer for the company and […]
Northrop Grumman breaks ground on $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman broke ground Friday on its $200 million-plus facility in Waynesboro. Gov. Glenn Youngkin announced the planned facility, which will hold advanced electronics manufacturing and testing, in November 2023. Northrop Grumman anticipates creating an estimated 300 jobs — varied engineering and manufacturing roles — over the next five [...]
Fed’s Fifth District economy sees mild expansion
Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) expanded mildly in recent weeks, 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 conditions[...]
Chemical producer plans $193M Suffolk expansion
Wilmington, Delaware-based Solenis, a producer of specialty chemicals for water-intensive industries, plans to invest $193 million to expand its Suffolk facility, creating 34 jobs, Gov. Glenn Youngkin announced Thursday. Solenis plans to build an 80,000-square-foot production facility, packaging facility, a tank farm and add a new rail spur to accommodate the production of polyvinylamine polymer [[...]
Trucking company plans $50M facility in Botetourt
Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced Wednesday. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations, according to a news release. ULH will revamp a […]
