Archive for the ‘MANUFACTURING/PRIVATE COMPANIES – Market Sector’ Category

KiOR retains investment bank to explore sale or restructuring

COLUMBUS — Struggling biofuel maker KiOR, deeply in debt to the state of Mississippi and others, says it has hired an investment bank to try to sell or restructure the company. KiOR, based in Pasadena, Texas, announced it had hired Guggenheim Partners in a yesterday stock filing. KiOR’s cash level is unclear, but the company […] [...]

Hol-Mac Corporation – Best Places to Work 2014

MEGA-LARGE CATEGORY Based in South Mississippi, Hol-Mac Corporation is a major supplier of steel fabrications, cylinders and tanks. Founded by Charles Holder in 1963, the company began operations as Southern Welding and Machine in Bay Springs and furnished welding and machine shop services to local timber, oil field, construction and farming industries. Anchored by a […] [...]

Ergon plans significant expansion of Appalachian operations

JACKSON — Ergon Inc. plans to enhance its subsidiaries’ facilities in the Appalachian Basin. The Appalachian Basin comprises the Marcellus Shale and Utica Shale Plays. Several Ergon subsidiaries, including Ergon-West Virginia Inc., its refinery, acquired from Quaker State in 1997, Ergon Oil Purchasing Inc., Ergon Terminaling Inc., Ergon Trucking Inc. and Magnolia Marine Transport Company, […] [...]

Senate committee okays funding for Coast Guard cutter

PASCAGOULA — The Senate Appropriations Committee has approved full funding for production of the U.S. Coast Guard’s eighth National Security Cutter (NSC-8) at the Ingalls Shipbuilding in Pascagoula. U.S. Sen. Thad Cochran (R-Miss.) yesterday provided the update following the award of a $76.5-million long-lead materials contract for Ingalls to prepare for production of NSC-8. The Senate […] [...]

Nissan set yet another monthly sales record in June

CANTON — Nissan Group has unveiled its sales report for June, and it shows the automaker set a new record. Mississippi highlights include: Altima sales finished June at 26,111, led by gain of 9.1 percent in retail sales; Frontier sales edged up 5.7 percent to 5,722 units in June; NV sales jumped in June by […] [...]

GAO rules against VT Halter, Ingalls in Coast Guard contract dispute

PASCAGOULA — The Government Accountability Office has denied a protest from two Mississippi shipbuilders over the award of design contracts for U.S. Coast Guard offshore patrol cutters. VT Halter Marine and Ingalls Shipbuilding protested the February award of contracts to Maine-based Bath Iron Works Corp., Florida-based Eastern Shipbuilding Group Inc. and Louisiana-based Bollinger Shipyards Lockport, […] [...]

Five injured when cranes collapse at VT Halter Marine

PASCAGOULA — Jackson County EOC director Earl Etheridge says two cranes collapsed at the VT Halter Marine shipyard in Pascagoula shortly after 2 p.m. yesterday. Etheridge told WLOX-TV that one of the cranes fell on top of a building. Officials say five people were injured in the accident. Etheridge says one person has been air […] [...]

Georgia-Pacific buying SPG facilities in three states

HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia. CIC Partners, a Dallas-based middle market private equity […] [...]

Pipe-maker files for bankruptcy; wants to sell plant

BAY ST. LOUIS — The owner of a steel pipe mill in Bay St. Louis has filed for bankruptcy protection and seeks to sell the plant. PSL North America, LLC, which began operations in 2008, made the Chapter 11 filing June 16 in Delaware. In court papers, it said it plans to sell itself for […] [...]

Horizon Energy rolls out Intellipumper for digital oil fields

GULFPORT — Horizon Energy Corporation (OTCQB:HORI) has introduced the Intellipumper, a new rod pump control solution to optimize the reliability and energy efficiency of pump wells. The Intellipumper was designed for digital oilfields and comes ready for use, featuring cable-free installation, integrated supervisory control and data acquisition (SCADA) communications, wireless control and low maintenance. “Our […] [...]

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