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Daily Archives: September 10, 2012

Metso adding jobs in Clarksdale; mattress maker opening plant in Belmont

Conveyor component maker Metso is initiating a $4 million expansion that will add 30 to 50 workers to its 62-member workforce at the company’s Clarksdale plant, the Mississippi Development Authority said Monday. The announcement follows a notice Friday from the MDA that 200 jobs are expected to be created through sleep products manufacturer Comfort Revolution’s relocation of its manufacturing operation ...

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BP sells Gulf assets for $5.55B to cover cost of oil spill

GULF OF MEXICO — Oil company BP said today it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in BP’s drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere. BP is selling its interests in three ...

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MDEQ: Reports of 'oil sheen' may actually be bacteria

MISSISSIPPI GULF COAST — The Mississippi Department of Environmental Quality advises the public that possible sightings and reports of oil sheen on the Mississippi Gulf Coast after Hurricane Isaac may be naturally occurring iron bacteria, which are not harmful to people’s health or water. Iron bacteria occur naturally in waterways where they feed on minerals in the water. Some oil-like ...

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Metso expanding in Delta; adding 30-50 new jobs

CLARKSDALE — Officials from Metso have announced the company is expanding operations at its Clarksdale facility, according to the Mississippi Development Authority (MDA). The expansion is the result of the company’s decision to increase its conveyor component manufacturing operations at the Clarksdale facility. MDA reports Metso, supplier of technology and services to customers in the process industries, is investing $4 ...

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County wants loan to build levee for KiOR plant

NATCHEZ — Adams County is applying for a $3 million state loan to help pay for a levee to be built on the site of the former Belwood Country Club. The levee is part of the county’s commitment to an economic recruiting package to bring alternative fuels company KiOR to Adams County. The Belwood property fills with water during high ...

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BancorpSouth Insurance offers health care reform calculator

GULFPORT — BancorpSouth Insurance Services Inc., a subsidiary of Tupelo-based BancorpSouth Bank, has released a health care reform calculator to help clients and partners quantify the financial impact of the Patient Protection and Affordable Care Act (PPACA) on their health plans. With this new tool, BancorpSouth Insurance Services consultants will be able to provide financial modeling and project medical plan ...

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Economist: State shouldn't expect big boost from Isaac

JACKSON — State economist Darrin Webb says he does not expect Mississippi to see a surge in tax collections after Hurricane Isaac the way it did after Hurricane Katrina. “My thinking is that while in theory there may be some slight uptick in revenues as a result of Isaac, it will be inconsequential,” Webb told the Northeast Mississippi Daily Journal. ...

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Comfort Revolution bringing 200 new jobs

BELMONT — Officials from Comfort Revolution, developer of sleep products, is locating manufacturing operations in Belmont, according to the Mississippi Development Authority (MDA). The company will locate in the 432,650-square-foot building formerly occupied by Schnadig Furniture Corporation. The project will create 200 jobs within three years. “We looked at sites throughout the southeast for the new plant but were most ...

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Regulators want to know where gas is going

JACKSON COUNTY — A state regulatory panel wants to know why a distribution system in a south Mississippi community is losing large amounts of natural gas. The Sun Herald reports the Moss Point/Escatawpa Gas Distribution System is unable to account for 42 percent of its natural gas, resulting in $2.8 million in lost revenue last year. The problem was discussed ...

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River mayors' meeting to launch new initiative

MISSISSIPPI RIVER — Several mayors of cities along the Mississippi River will gather in St. Louis this week to discuss ways to make the mighty waterway more sustainable. Thursday’s gathering comes amid one of the worst droughts in recent memory. Low water on the Mississippi continues to affect river traffic and recreation. The meeting is the first for the Mississippi ...

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