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Hitachi Energy powers up $457M expansion in South Boston
Hitachi Energy will invest $457 million to expand power transformer production in South Boston, creating 825 jobs and building the nation’s largest large transformer plant.
Georgia-Pacific to close Emporia mill, cutting 550+ jobs
Georgia-Pacific will permanently close its Emporia plywood mill, cutting 550 jobs. The shutdown deals another economic blow to Southern Virginia.
FOR THE RECORD May 2024
CENTRAL VIRGINIA Richmond-based Atlantic Union Bankshares completed its acquisition of Danville-based American National Bankshares, parent company of American National Bank and Trust, on April 1. Based on the $35.31 per share closing price of Atlantic Union common stock on March 28, the transaction value was approximately $507 million. The deal was announced in July 2023, […]
Danville center launches companies faster
British aerospace and defense components manufacturer MEP Ltd. isn’t moving into its U.S. facility for another few years, but that isn’t stopping the company from getting its operation off the ground in Danville sooner. In August 2021, MEP (which will operate in the U.S. as Making Everything Possible LLC) moved into a space at the […]
