Industries

For the record - Hampton Roads

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ABC Supply Co. Inc., a distributor of roofing and exterior building materials, based in Beloit, Wis., bought Chesapeake Siding and Roofing, a Chesapeake-based construction supplies company. ABC operates 380 stores nationwide, including two in Hampton Roads. The 15 employees of Chesapeake Siding will remain with the company. (The Virginian-Pilot)

Busch Manufacturing, a German manufacturer of vacuum pumps will invest $10 million for a 50,000-square-foot expansion of its operations at Oceana West Corporate Park in Virginia Beach. The investment will create 50 jobs and open in 2010. (The Virginian-Pilot)

Colonial Williamsburg workers will be furloughed one day a month without pay for the next seven months as a result of the economic slowdown. Colin G. Campbell, president of the Colonial Williamsburg Foundation, is taking a 10 percent cut in his $485,000 salary. Other foundation officers will take a 5 percent cut. (Richmond Times-Dispatch)

International Paper Inc. closed its lumber mill in Franklin, eliminating 123 jobs. The company still employs 1,100 workers in Franklin. International Paper also plans to close its corrugated container plant in Chesapeake by early June. It employs about 100 workers. (The Virginian-Pilot)

Pepsi Bottling Group Inc. will invest $20 million to expand its Newport News bottling plant. The 16,000-square-foot expansion will give the facility the ability to produce bottles, making it one of four such facilities in the country. The expansion will add 15 jobs to the work force of 200. (The Virginian-Pilot)

Norfolk International Terminals opened a new rail yard as Phase I in a plan to replace its 20-year-old facility with one which can better handle the expected doubling of cargo traffic by 2020. The operation features six lines of track and a road dedicated to the terminal’s shuttle carriers. (The Virginian-Pilot)

Norfolk Southern Railway Co. received regulatory approval for a joint venture with Pan Am Railways of North Billerica, Mass., to establish a rail network between Albany, N.Y., and suburban Boston. Norfolk Southern will invest $137.5 million in cash; much of it to improve rail lines, and Pan Am will contribute its 155-mile main line, as well as 281 miles of secondary and branch lines. The venture will operate as Pan Am Southern. (The Virginian-Pilot)

SPARTA Composite Products will invest $13.2 million to start an operation in Suffolk for the manufacture of composite parts for the aerospace and defense industry. The investment will create 198 jobs over a five-year period. Virginia competed with Georgia, Florida and Iowa for the project. (News release)


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