Industries

For the Record - Central Virginia, November 2010

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Colfax Corp., a Richmond-based producer of pumps and valves for industrial clients, will move its corporate headquarters to Columbia, Md., in January. The move was made to facilitate strategic and logistical access to the Washington and Baltimore areas. (News release)

Cortview Capital Securities opened a Richmond office as a regional broker-dealer focused on small and medium-size fund groups and state pension funds. The firm is backed by a $125 million commitment from Warburg Pincus and has offices in New York, Charlotte, N.C., and Boca Raton, Fla.  (Richmond Times-Dispatch)

The Lynchburg-based Edison2 team received $5 million for creating a consumer-friendly car that can get at least 100 miles per gallon. Edison2’s Very Light Car No. 98 was named the Automotive X Prize winner in its category in a competition sponsored by Progressive Insurance. The team is headed by real estate developer Oliver Kuttner of Charlottesville. (News release)

Smurfit-Stone Container Corp., a Chicago paper products company, will close two container plants and move out of another leased facility in Henrico County. The company will move manufacturing operations to a separate 316,000-square-foot plant in Henrico County. The moves will cost between 184 and 229 jobs, but the company hopes to save about 150 jobs. (Richmond Times-Dispatch)

The University of Virginia received a four-year, $2 million grant from the National Science Foundation to develop smart-building energy systems focused on reducing energy use in heating and air-conditioning systems. (The Associated Press)

Veredus, an IT-staffing company headquartered in Tampa, Fla., opened its fifth national office in Richmond. The move is part of an effort to target and enter 10 other markets around the country. Clay McDonald will head the new office. (News release)


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