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Roanoke-based TMEIC Corp. Americas buys Spanish division
The Roanoke-based subsidiary of crane automator Toshiba Mitsubishi-Electric Industrial Systems Corp. has completed the acquisition of Spanish maritime terminal business Orbita Ingeniería S.L.’s ports and terminals division, as of April 1. The companies did not divulge financial details. The acquisition was completed throu[...]
Norfolk cement company to invest $37M in new dome
Norfolk-based Titan America LLC, a producer of heavy building materials, announced last week it will construct a 70,000-ton dome in Chesapeake, a project estimated to cost $37 million. Titan will build the dome to hold bulk storage, adding to its current 35,000-ton capacity at its Roanoke Cement import terminal. According to the company, the expansion […]
Stihl Inc. names new president and CEO
Virginia Beach-based chainsaw and outdoor power equipment manufacturer Stihl Inc. has appointed Terrence “Terry” Horan as the company’s president and CEO effective April 1, the company announced in a news release Thursday. Stihl Inc. is the largest subsidiary of the global Stihl Group and employs more than 3,000 U.S. w[...]
