Industries

For the Record - Central Virginia

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Areva will close its nuclear fuel assembly production in Lynchburg and consolidate it with a plant in Richland, Wash. The move will mean the loss of 150 jobs in Lynchburg. The company plans to build a uranium enrichment plant in Idaho to produce raw material for the Richland plant to turn into fuel assemblies for reactors. (Daily Press)

Genworth Financial Inc., a Henrico County-based financial services company, cut 85 positions at its headquarters. About 40 of the jobs will be transferred to Lynchburg where it is expanding its call center. Employees will have the opportunity to transfer or apply for open positions nationwide. A net loss of 27 Virginia jobs is expected. (Richmond Times-Dispatch)

Philip Morris USA, based in Richmond, will expand its efforts in smokeless tobacco by introducing wintergreen-flavored moist snuff. The company also will market more broadly snus, a Swedish-style product contained in small tea-bag like pouches. Snus have been tested in Dallas, Indianapolis and Phoenix and will be available now under the Marlboro brand. (Richmond Times-Dispatch)

Richmond International Airport will add a second, larger business center on the terminal’s upper level. The 680-square-foot center will offer free work cubicles, a pair of small meeting rooms for rent, as well as free WiFi and Ethernet. The facility will be finished this fall. (Richmond Times-Dispatch)

Ukrop’s Super Market, a Richmond-based grocery chain, closed its 58,000-square-foot Roanoke store. The store’s sales failed to improve after two years. A branch of First Market Bank inside the store will remain open until Dec. 18. (The Roanoke Times)

Union Bankshares Corp., a Bowling Green financial services company, will sell about $62.5 million in common stock. The proceeds will be used for general corporate purposes and may go toward the repayment of federal TARP funds. (PRNewswire)

The University of Virginia passed the $2 billion mark of the $3 billion fundraising campaign it began in October 2004. U.Va. reported the mark was reached only eight weeks later than originally envisioned, in spite of a depressed economy. (News release)


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