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Tag Archives: manufacturing

Cal-Maine founder dies; egg company turns quarterly profit

By JACK WEATHERLY Cal-Maine Foods Inc. on Monday announced that Fred R. Adams, Jr., the company’s founder and chairman emeritus, died Sunday at the age of 88 following an extended illness. Adams founded Adams Egg Co. in 1957, which was the predecessor to Cal-Maine Foods, Inc., which incorporated in 1969. He served as chairman and CEO until 2012. Under his ...

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VT Halter Marine awarded fourth U.S. Navy berthing barge

VT Halter Marine of Pascagoula, a company of ST Engineering North America, was awarded a contract option for the U.S. Navy’s fourth Auxiliary Personnel Lighter–Small (APL(S)) 67 Class berthing and messing barge. The contract award is $39,906,609 for a firm, fixed-price option for the detail design and construction of the vessel. VT Halter Marine is currently constructing the first three ...

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Blue Delta shifting from jeans production to masks

By DENNIS SEID / Daily Journal TUPELO • Blue Delta Jean Co. is shifting its focus from making $500 jeans to making much-needed protective masks. “We’re going to be working 12-hour days, six days a week,” said CEO Josh West. “We’re looking at 400 to 500 masks per person per day, so that’s 30,000-50,000 masks per week.” The company is shifting ...

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Some Mississippi furniture manufacturers suspending operations

By DENNIS SEID / Daily Journal PONTOTOC • Thousands of furniture manufacturing employees will be idled in the coming days as the coronavirus continues its march. On Sunday, Behold Washington CEO Lyle Harris said the company would stop production at least through Friday. In addition, Southern Motion and Fusion Furniture said they would not open Monday. The companies said results came ...

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VIP Cinema files for Chapter 11, plans to preserve jobs

By DENNIS SEID / Daily Journal NEW ALBANY – VIP Cinema Seating, the largest maker of luxury reclining seats for movie theaters, filed for Chapter 11 bankruptcy protection, Reuters reported. The move will help preserve 373 jobs, the company said. It hopes to emerge from bankruptcy by mid-April. VIP, which was founded in 2008, has grown to become the largest ...

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Oxford’s Winchester plant lands $75M ammunition order

By DENNIS SEID / Daily Journal OXFORD — The Olin Corp. Winchester Division plant in Oxford was awarded a $75,782,692 contract extension for 5.56mm, 7.62mm and .50 caliber ammunition. The work will be performed in Oxford, with an estimated completion date of May 31, 2021. Olin dedicated its $100 million, 500,000-square-foot centerfire manufacturing plant in Oxford in 2011. Olin opened ...

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Navistar Defense buys West Point Assembly Plant

By DENNIS SEID / Daily Journal Navistar Defense on Monday said it had acquired its assembly plant in West Point for an undisclosed amount. The company has leased the facility from Babcock and Wilcox since 2006. “The purchase of the assembly plant is a part of our strategic plan to grow our business,” said Ted Wright, Navistar Defense chief executive ...

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Navistar Defense lands $24.5M contract to build medium tactical vehicles

By DENNIS SEID / Daily Journal Navistar Defense has been awarded a $24.5 million contract to provide medium tactical vehicles to foreign military sales customers worldwide, except for Iraq. Work will be done at the company’s assembly plant in West Point, with deliveries starting in 180 days after receipt of each delivery order. The three-year requirements contract, awarded by the ...

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Japanese regulators recommend $22 million fine on Nissan

Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to the government’s Financial Services Agency over disclosure documents from 2014 through 2017. Nissan Motor Co. said it accepted the penalty and ...

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UPDATE — Ashley Furniture invests $25 million, will add 100 jobs at Ecru

By JACK WEATHERLY Ashley Furniture is expanding operations at its stationary upholstery manufacturing and regional distribution center in Ecru. The project is a $25 million corporate investment and will create 100 jobs. “Northeast Mississippi’s furniture industry is a strong economic driver throughout the region, employing thousands of Mississippians – many of whom are employed at Ashley Furniture,” Gov. Phil Bryant ...

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