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Auto parts maker to establish North America HQ in Salem
STS Group AG to invest $32M, create 119 jobs
Published
German auto parts manufacturer STS Group AG will establish its North American headquarters in Salem, a $32 million investment expected to create 119 jobs, Gov. Glenn Youngkin announced Thursday. In
Filling the steel gap
Australian coal producer expands Buchanan facility
Published
Metallurgical coal may be an unknown to the general population, but it’s very important to the manufacturing of steel and also valuable in the current economy. In August 2022, Australia-based
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It’s official — Ford plant going to Michigan
Youngkin passed on $3.5B project over Chinese involvement
Published
Ford Motor Co. announced Monday that it will build an electric vehicle battery plant in Michigan, a $3.5 billion project that Virginia was considered for until Gov. Glenn Youngkin pulled
Incubator hopes to grow Virginia winemaking
Published
Tim and Ben Jordan are first-generation grape growers on a Shenandoah Valley farm that has been in their family since the 1700s. Although the brothers “leapt off the ground quite
Lynchburg area needs more industrial sites
Published
Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites
Framatome CEO retiring; CFO to be promoted
Katherine Williams to become CEO of Lynchburg nuclear company in July
Published
Framatome Inc. President and CEO Gary Mignogna will retire July 1, and Chief Financial Officer Katherine Williams will succeed him, the Lynchburg-based nuclear reactor and fuel company announced Tuesday. Mignogna
Democrats call out Youngkin on Ford plant decision
Lawmakers say governor harmed SoVa economic prospects
Published
Democratic state delegates excoriated Virginia Gov. Glenn Youngkin on Tuesday for taking Virginia out of the running for a $3.5 billion Ford Motor Co. battery manufacturing plant that would have
Cadence acquires Conn. device components manufacturer
Staunton medical device manufacturer closed on Utitec
Published
Staunton-based medical and drug delivery devices manufacturer Cadence Inc. has acquired Connecticut-based miniature medical device components manufacturer Utitec Inc., Cadence announced Tuesday. Financial details of the transaction were not disclosed.
Virginia MetalFab to invest $9M, expand in Appomattox
Metal fabrication services provider to create 130 jobs in three years
Published
Virginia MetalFab, a provider of metal manufacturing and fabrication services, will invest $9 million to expand to a larger facility in Appomattox, with plans to create 130 jobs during the
FyberX to invest $17.5M in Mecklenburg HQ
Agriculture company to create 45 jobs
Published
FyberX Holdings, a regenerative agriculture company, will invest $17.5 million to establish its U.S. headquarters and production operations in Mecklenburg County, creating 45 jobs, Gov. Glenn Youngkin announced Wednesday. The