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Auto parts maker to establish North America HQ in Salem
German auto parts manufacturer STS Group AG will establish its North American headquarters in Salem, a $32 million investment expected to create 119 jobs, Gov. Glenn Youngkin announced Thursday. In April 2021, the company announced a greenfield project in Wythe County, but will now use an existing facility in Salem instead, R[...]
Radford’s Highlander hotel names senior leadership
The Highlander, a $40 million boutique conference hotel opening this spring in Radford, announced its senior leadership team March 1. The team includes Executive Chef James Kirby; General Manager Rachel Pegues; Director of Sales and Marketing Ginger Clark; and Director of Food and Beverage John O’Conner. Kirby is a graduate of[...]
Torc to acquire Canadian computer vision firm
Blacksburg-based Torc Robotics on Tuesday announced it will acquire Montreal-based computer vision company Algolux Inc. A purchase price was not disclosed. Torc, a self-driving truck company, is an independent subsidiary of Daimler Truck AG. Torc said in a news release that it is acquiring Algolux for its expertise in computer vision and machine learning. Algolux […]
Chambers of commerce
STATEWIDE Asian American Chamber of Commerce | Tysons | (571) 633-9754 asian-americanchamber.org Virginia Asian Chamber of Commerce | Ashland | (804) 344-1540 aabac.org Virginia Chamber of Commerce | Richmond | (804) 644-1607 vachamber.com Virginia Hispanic Chamber | North Chesterfield | (804) 378-4099 vahcc.com CENTRAL VIRGINIA Altavista Area Chamber of Commerce | Altavista | (434) 369-6665 […][...]
Familiar territory
When it came time to select a new home for its corporate headquarters and distribution center, Würth Revcar Fasteners Inc., a company with Star City roots dating back to 1969, stuck with the Roanoke Valley. Owned by the Würth Group, an industrial distributor headquartered in Germany, and consisting of more than 400 companies a[...]
Sweet valley high
For Paul Mahoney, chair of the Roanoke County Board of Supervisors, the past year has stood out for bringing an “explosion of development” to the county. Home improvement retailer Lowe’s Cos. Inc. opened a new distribution center. North American Specialty Laminations LLC established a mid-Atlantic production facility. And [...]
Va. Tech names new biz school dean
Saonee Sarker, a professor at Sweden’s Lund University, will serve as the next dean of the Virginia Tech’s Pamplin College of Business following an international search. Virginia Tech announced Sarker’s new role Monday. She has been a professor in Lund University’s Department of Informatics in the Schoo[...]
Va. Tech names College of Architecture, Arts and Design dean
Virginia Tech has named a new dean to lead its College of Architecture, Arts, and Design (AAD) following an international search. Tsai Lu Liu will start July 1. He has led the Department of Graphic Design and Industrial Design at North Carolina State University, in Raleigh, since 2012 and has a background in industry and [&helli[...]
Torc names regulatory, safety SVP
Blacksburg-based Torc Robotics has named Michelle Chaka as senior vice president overseeing safety and regulatory matters, the self-driving truck company announced Wednesday. Chaka, who most recently has worked as a director for safety assurance and standards for Pittsburgh-based autonomous trucking solutions firm Locomation Inc[...]
Roanoke shopping center sells for $4.8M
A shopping center in Roanoke has changed hands. Salem-based Omma Management LLC purchased the 49,881-square-foot Oak Grove Plaza in Roanoke for $4.8 million, Cushman & Wakefield | Thalhimer announced. Built in 1964, Oak Grove Plaza is located at 2061 Electric Road. CXL Inc. sold the property, which is on about four acres. Cu[...]
Tech researchers aim to transform power grid
Across the American landscape about 3,000 more wind turbines have popped up every year since 2005, and more than 2.7 million homes in the U.S. now sport solar panels. The power grid also is transforming, but the system is still better suited to centralized coal-fired plants, not widely dispersed sources of renewable energy. A fo[...]
10 Va. companies graduate VEDP export program
Ten Virginia companies are the latest to graduate from the Virginia Economic Development Partnership’s Virginia Leaders in Export Trade (VALET) program, which helps companies work on international export growth strategies, Gov. Glenn Youngkin announced this week. The two-year VALET program helps Virginia companies that have established domestic operations use international exporting as a growth strategy. […][...]
