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Business news briefs — Jan. 31

LOCAL BUSINESS

Team NEO touts growth

Team NEO said Friday that its efforts attracting businesses coupled with those of local economic development organizations helped 16 companies decide to locate or expand in Northeast Ohio.

The companies are expected to create 1,400 new jobs over the next few years, adding more than $85 million in payroll annually.

The list of companies includes Six C Fabrication Inc. of Rootstown, a manufacturing facility, and Mesnac, which plans to open a research and technical center in Akron.

Six C Fabrication moved from Louisiana into the former Delphi plastics plant last year and is manufacturing piping and structural steel there. The equipment is used in the state’s emerging Utica shale industry.

Six C hoped to have 100 jobs at the facility by the end of last year; current employment figures were not available late Friday.

Mesnac, a Chinese company that makes equipment for the rubber and tire industry, expects to create 35 full-time jobs at its planned Mesnac Americas Co. research and technical center off Ridgewood Road in West Akron. Annual payroll is expected to be $3.9 million.

The other Summit County companies on the list are Quest Medical Imaging, which is locating a facility in Akron that is expected to employ about 20 workers in three to four years; and Lexi-Comp an existing company in Hudson that is adding roughly 30 jobs. Lexi-Comp Inc provides drug information to those who work in the health-care industry.

The list also includes a Daisy Brand cottage cheese plant proposed for Wooster. Local officials have said the company is expected to break ground on the $116 million facility sometime in the spring. Initial employment is expected to total around 90.

Team NEO, headquartered in Cleveland, was formed by various chambers of commerce in Northeast Ohio. The nonprofit serves as the regional arm of JobsOhio, Gov. John Kasich’s program that has taken over much of the state’s job-creation and retention duties.

New interim CEO

Building products supplier Associated Materials LLC in Cuyahoga Falls has a familiar face as its new interim chief executive officer.

Dana R. Snyder succeeds Jerry W. Burris as CEO.

Burris resigned as president and CEO, effective Jan. 17, the company said in a filing with the Securities and Exchange Commission. He had been hired as CEO in September 2011.

Snyder, 67, has been member of the company’s board of directors since 2010 and had previously served as interim CEO from June 2011 to September 2011 and also from July 2006 through September 2006.

Snyder will receive a monthly base salary of $82,000 as part of his interim agreement, according to documents filed with the SEC.

TIRE INDUSTRY

Changes at Bridgestone

Gordon Knapp will become chief operating officer, chairman, chief executive officer and president of Bridgestone Americas Tire Operations in Nashville, effective March 1.

He will succeed Eduardo Minardi who will head Bridgestone Corp.’s European operations.

Knapp will continue in his current position serving as president, North American Consumer Tire, until a successor is in place. Bridgestone Americas Tire Operations consists of the company’s Latin American tire operations and its U.S. and Canadian consumer and commercial tire businesses.

The moves are part of Bridgestone Group’s plan to globalize.

Minardi will relocate to Brussels, Belgium, for his new job as executive chairman in Europe.

UTILITIES

Work at Davis-Besse

Akron-based FirstEnergy Nuclear Operating Company, a subsidiary of FirstEnergy Corp., said on Friday that its Davis-Besse Nuclear Power Station in Oak Harbor, will shut down early this morning to begin installation of two new steam generators and complete refueling and other scheduled maintenance.

The new steam generators are expected to enhance safe and reliable operation of Davis-Besse, the company said As part of Davis-Besse’s design, the steam generators function as heat exchangers, producing the superheated steam that is used to drive the turbine generator, which ultimately produces electricity.

Compiled from staff and wire reports



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