Industries

Southwest Virginia—For the Record

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AAA Mid-Atlantic of Wilmington, Del., bought Martin Travel of Roanoke, a travel agency established in 1978. The deal expands AAA’s presence in Southern and Western Virginia. (The Roanoke Times)

Federal-Mogul, a manufacturer of automotive bearings, agreed to a contract with its workers’ union to end a two-day strike at its Blacksburg plant. The International Association of Machinists and Aerospace Workers Local 2533 negotiated a raise of 42 cents per hour for workers this year and a similar boost in March 2009. (The Roanoke Times)

Luna Innovations Inc., a Roanoke-based technology company, received a $1.9 million contract from the Navy to enhance and adapt for underwater use of its fiber-optic sensing technology. The system is expected to provide more sensitive “shape-sensing” technology to enhance threat detection and assessment in the ocean. (The Roanoke Times)

MTI Groendyk, a subsidiary of Canada’s MTI Global, plans to close its Buchanan rubber plant. About 70 workers will lose their jobs at the Botetourt County facility. The move comes as MTI consolidates its manufacturing operations. Aging and expensive infrastructure in the plant made it impractical to move new production there. The work will likely go to plants in Richmond or Florida. (The Roanoke Times)

Nationwide Mutual Insurance Co. charged in a lawsuit that Advance Auto Parts Inc. of Roanoke backed out on a deal to place Nationwide agents in about 1,000 Advance Auto stores around the country. Nationwide expected a $150 million profit from the five-year agreement which it says began to come apart after the 2007 departure of some of Advance Auto’s senior management team. (The Roanoke Times)

Virginia sided with Norfolk Southern Corp. on its choice for the site for a proposed cargo terminal. The 65-acre site in the Montgomery County community of Elliston was judged to be the best location for the facility which Norfolk Southern wants to use to switch cargo containers between trucks and trains, speeding container traffic between the port of Hampton Roads and the Midwest. Virginia will bear about 70 percent of the cost of the terminal, expected to be about $35 million. Local opposition to the project promoted the state to examine the site options. (The Roanoke Times)


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