Industries

For the Record - Hampton Roads, September 2010

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Armada Hoffler, a construction company based in Virginia Beach, was picked to build a new apprentice facility for Northrop Grumman Newport News Shipbuilding. Instruction facilities and housing are planned for the project, but the exact scope could vary based on development plans for the area formulated by the companies and Newport News. (The Virginian-Pilot)

LandMark Design Group, a Virginia Beach engineering and planning firm, joined Vanasse Hangen Brustlin, a Watertown, Mass., design company. The move was prompted by the weakened economy and falloff in contracts. Some clerical jobs will be lost in the transition, but overall work volume is expected to pick up for the Hampton Roads unit. (The Virginian-Pilot)

Northrop Grumman selected Walbridge Southeast of Charlotte, N.C., to manage construction of a 70,000-square-foot facility to meet a planned increase in production of Virginia-class submarines at the Newport News shipyard. The new operation will be open in October 2012. (Daily Press)

Shorewood Packaging, a producer of packaging, primarily for tobacco products, will close its Newport News plant in October with the loss of 35 jobs. Last year Shorewood laid off 100 workers when it ceased lithographic printing. (Daily Press)

TowneBank, a Suffolk-based financial institution, bought the Bank of Currituck and its six North Carolina branches for $10 million. The move fits into TowneBank’s strategy for serving markets between Williamsburg and the Outer Banks. Currituck’s $35 million in loans (most of which are nonperforming) are not included in the deal and will be spun off into a non-commercial bank corporation. (Inside Business)

Western Refining Inc. will idle its Yorktown refinery, laying off about 230 of its 260 workers. The shutdown decision was prompted by a “poor outlook for East Coast refining margins,” the company said in its second-quarter earnings statement. (Richmond Times-Dispatch)


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