Industries

For the Record - Southwest Virginia

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Draper Aden Associates, a Blacksburg engineering firm, has been named to the Top 500 Design Firms in the nation by Engineering News Record. This marks the sixth time in seven years the firm has made the list. (News release)

Findlay Industries Inc., a Pulaski County manufacturer of truck cab interiors for Volvo Trucks North America in Dublin, announced plans to close, with the loss of 100 jobs. (The Roanoke Times)

First Community Bancshares, a Bluefield-based financial holding company, bought Tristone Community Bank of Winston-Salem, N.C., in a deal valued at $10 million. Tristone, established in 2004, operates two branches in Winston-Salem. (Business Wire)

FreightCar America Inc., a Chicago-based manufacturer of rail cars, suspended operations at its Roanoke plant because of a shortfall in new orders. About 210 workers are affected by the move. (The Roanoke Times)

O’Neal Steel Inc., a welding operation based in Botetourt County, closed its facility, with the loss of 115 jobs, after FreightCar of America suspended work at its rail car manufacturing plant in Roanoke. (The Associated Press)

Luna Innovations Inc., a Roanoke-based technology company, lost a trial over breach of contract and misappropriation of trade secrets. A Santa Clara, Calif., jury ordered Luna to pay Hansen Medical Inc., based in Mountain View, Calif., $36.3 million for breaching a contract to develop technology for a medical device and sharing Hansen’s trade secrets with Intuitive Surgical Inc. The jury award does not include legal fees, which could be substantial. (The Roanoke Times)

MeadWestvaco Corp. (MWV), a Richmond-based paper products producer, reduced the planned number of one-month furloughs at its Covington plant from 82 workers to 51. The company and the local union worked together to find ways to minimize the number of affected workers. (The Roanoke Times)


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