Cal-Maine plans closure of Jackson egg facility
Cal-Maine Foods Inc. (NNM: CALM) will discontinue production of egg products at its plant in Jackson. The closure is expected to be finalized within 60 days. It will impact 89 employees.
The Jackson facility produces liquid, frozen and dried egg products for institutional users, fast-food operations and food manufacturers. It was built 29 years ago, and company officials said that the plant would require extensive remodeling and refurbishing to continue to meet regulatory requirements and operate efficiently.
Cal-Maine plans to shift lost production capabilities to a Georgia facility.
Reno Air pulls out of Gulfport-Biloxi market
gulfport — Cheap flights primarily bringing gamblers from Florida and Georgia to the Coast will end June 1 due to a decision by Reno Air to retrench back to its original western markets to reduce losses.
The company was flying an average of about 1,900 passengers per month from Atlanta and 2,734 passengers per month from Tampa, Fla. Coast casinos put up most of a $2 million trust fund to subsidize Reno Air entering the Coast market. The cost of the flights was $39 one way.
Bruce Frallic, director of the Gulfport-Biloxi Regional Airport, said the decision by Reno to pull out wasn’t a result of lack of confidence in the Coast market. Frallic said the company left the market because of a change in the focus of the company. The company lost about $12 million in 1997.
“The new chairman, Joseph O’Gorman, decided to refocus the company’s resources in its core market located mostly in the West,” Frallic said. “While Reno has been here since April 1997, they have built up a very strong market between here and Tampa/St. Petersburg, Atlanta and Orlando. We think it is a golden opportunity for a replacement carrier to come in and pick up the slack. There is no question in our minds that will happen at least on a charter basis immediately. And we will continue to work with carriers to build back to the scheduled service.”
February home sales up
If February home sales in Mississippi are any indication of what the remainder of 1998’s real estate market will be like, Mississippians looking to buy or sell a home this year have something to smile about. The combination of a healthy economy and the lowest interest rates in decades are producing a booming real estate market for the state.
According to the figures from the Mississippi Association of Realtors