Industries

For the record - Southwest Virginia

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CONSOL Energy furloughed production at its Buchanan mine for a month, citing the falling demand for coal because of the slumping economy. The operation is the largest mine in Virginia and employs 540 people. The company expects demand to pick up later this year or in early 2010. (The Bristol Herald Courier)

Federal-Mogul Corp. laid off 25 workers at its Blacksburg plant where it made powertrain sealings and bearings for vehicles. The company also laid off 25 employees in late 2008. (The Roanoke Times)

J.M. Turner & Co., a Roanoke construction company, ceased work on the Cambria Suites hotel project of Roanoke Hotel Group, terminated its contract and filed a mechanic’s lien for approximately $1.4 million. The upscale, 127-room hotel in the South Jefferson Redevelopment Area was expected to benefit from the growing presence of new hospital and medical facilities in the area. Negotiations are ongoing to resolve the issues and get the project back on track. (The Roanoke Times)

NanoSonic Inc., a Blacksburg-based nanotechnology firm, announced plans to move to the planned Wheatland EcoPark in Giles County. The company passed up a chance to move to a proposed nanotechnology center in Dublin being promoted by several localities. NanoSonic found the Giles plan more attractive since it would have its own building, which would be a green design. Plus, the company found it unnecessary to be situated among other nanotech firms to do its work. (The Roanoke Times)

Robatel Industries, a French company which supports the commercial and nuclear defense industries, will establish a subsidiary in the Roanoke area.  Robatel Technologies LLC will hire about two dozen engineers and project managers. The Roanoke area was chosen because the company has customers in Lynchburg and South Carolina. (The Roanoke Times)

Smith Mountain Lake Partners, developers of the Sunset Cay development in Moneta, filed for Chapter 11 protection from creditors. The economic slowdown squeezed the market for the upscale homes at Sunset Cay which started at $450,000. (The Roanoke Times)


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