Essel Propack, an India-based manufacturer of
plastic tubing for the cosmetics and health-care industries,
will invest $14 million to expand its
Danville facility and create a state-of-the-art printing
center that will also support its Arista Tubes subsidiary,
also in
Danville. The project will create 35 jobs. (News release)
Gateway Financial Holdings Inc.,
a Virginia Beach bank holding company, made its first
move into the Chapel Hill/Durham, N.C., market by
opening a loan production office in
Chapel Hill. (News release)
Hanson Brick & Tile of
Charlotte, N.C., will
invest $14.8 million in a 40,000-square-foot plant for
the manufacture of concrete products in
Ashland. The plant replaces an older facility the company
closed in September. The new facility will begin production
by the end of the year with one shift of six workers.
Plans call for expansion to two shifts. (
Richmond Times-Dispatch)
The Hershey Co., a manufacturer of chocolate
candy, plans to invest $25 million in its
Augusta
County facility, expanding manufacturing capacity and
creating 150 jobs. (News release)
MICG Investment Management of
Newport News created a Real Estate Investment Group,
to be headed by Ken Monroe. MICG specializes in offering “tenant in common” investments,
opportunities for co-ownership of large commercial real
estate properties. (News release)
Nestle USA, a producer of food products, will
invest $20 million in an expansion of its
Danville plant, creating 50 jobs. The facility makes
refrigerated pasta, sauces and cookie dough.
Virginia competed with
Idaho and
Wisconsin for the investment. (News release)
The Specialty Group in
Richmond has purchased a building at
9 W. Cary St. The structure currently houses Digital
Inc. This acquisition
lets Specialty move its service businesses, Specialty
Contract Services and Specialty Integrated Systems, downtown
while permitting its core operations, Specialty Drapery
and Specialty Drapery Cleaners, increase work space at
its
Lincoln Avenue manufacturing site. (News release)
The Virginia BioTechnology
Research Park formed the Virginia Israel Biosciences
Commercialization Center as an entry point for
Israeli bioscience firms to enter the
U.S.
market. (News release)
