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Manufacturing

Airbus partners with Precision Aviation, Government Capital

COLUMBUS — Airbus Helicopters Inc. (AHI) has partnered with Precision Aviation Services and Government Capital Corp. to provide tax-exempt financing for mission equipment technology upgrades and required major maintenance for law enforcement and government-owned AS350-series helicopters. Precision Aviation Services, of Peachtree City, Ga., AHI’s newest service center, will work with AHI and Government Capital to provide aircraft systems and avionics upgrades, ...

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Fertilizer-maker consolidating, relocating headquarters to Coast

PASCAGOULA — Mississippi Phosphates Corp. is closing its administrative headquarters in Madison and consolidating all operations at Pascagoula manufacturing facility. CEO Jim Sherbert says in the news release that the move will allow the company to increase efficiency and eliminate costs associated with maintaining a remote headquarters. Mississippi Phosphates makes sulfuric acid and phosphoric acid to produce diammonium phosphate, or ...

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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 borrowed $250,000 on July 3 ...

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MDA grants KiOR forbearance after biofuels maker defaults on payment

COLUMBUS, Mississippi — In a sign that biofuel maker KiOR Inc.’s money troubles aren’t letting up, the start-up company will make a $250,000 forbearance payment to the Mississippi Development Authority in exchange for 120 days to get current on its nearly $70 million debt to the MDA. KiOR defaulted on a $1.87 million payment that was scheduled for June 30. The ...

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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 sound financial base, technical expertise ...

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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, have operated in the region ...

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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 Appropriations Committee last week approved ...

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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 19.6 percent to 1,226 units. ...

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