November 2014 Archive

Steubenville, Jefferson County poised for an upswing: panel

Panelists at the Pittsburgh Business Times Corridors of Opportunity event Wednesday in Wintersville, Ohio, were (from left): Ed Looman, Eastern Ohio project manager of the Appalachian Partnership for Economic Growth; Rich DeLuca, president of the Jefferson County Chamber of Commerce; Evan Scurti, director of economic development at the Jefferson County Port Authority; and Pittsburgh Business Times Publisher Alan Robertson, who moderated the panel.

Steubenville and Jefferson County, Ohio, may not be seeing the large Utica Shale-related growth of neighboring counties, but they’re on the cusp of big things.

That’s the message from economic development officials who spoke at the Pittsburgh Business Times’ Corridors of Opportunity: Jefferson County event held Wednesday afternoon at the St. Florian Hall in Wintersville, about five miles west of Steubenville.

“The timing is great, because there is a lot of opportunity in our area,” said Evan Scurti,…

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Gold Rush in Ohio? Small Town Plays Big Role

Refinery in Jackson Sends Recycled Gold to Asia for Jewelry

JACKSON, Ohio – Building contractor Alan Stockmeister is known around town for his stewardship of local businesses: radio stations, a movie theater and a bank, for example. But nothing has been quite like his refinery just off Main Street, which has become an outpost in the multibillion-dollar global gold trade.

Ohio Precious Metals LLC owns one of five refineries in the U.S.-there are 73 world-wide-certified to melt scrap gold and pour it into ingots that can be traded on global markets. OPM’s more than 170 workers process several billion dollars a year in gold and silver headed for banks and jewelers in New York, London and Shanghai.

“Historically, gold refineries have been near production sites, mines or the big financial centers where gold is traded,” says David Jollie, a London-based analyst at gold trader Mitsui Precious Metals. Ohio…

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Coshocton brings home bacon with Kraft 300-job expansion

Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. Tribune file photo Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. (Photo: Tribune file photo)

Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. Tribune file photo Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. (Photo: Tribune file photo)

Coshocton was the perfect place for the Kraft to move its bacon production, representative Joyce Hodel said, because it already produces about two-thirds of…

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GE Aviation’s Peebles Test Operation Blows Out Candles Celebrating 60 Years of Operation

PEEBLES, OHIO – GE Aviation’s Peebles Test Operation celebrates 60 years of operation with the opening of a new $40 million indoor jet engine test facility.

The new indoor test facility (Site 5D), which will begin testing production engines by year end, was built to accommodate the growing volume of GE90 and GEnx engines as well as the new GE9X and LEAP engines. The new site is the eleventh test site at the 7,000-acre Peebles Test Operation, located near the foothills of the Appalachian Mountains in southeastern Ohio.

GE Aviation’s Peebles Test Operation began as a GE rocket engine test facility in 1954. After a year of operation, GE mothballed the site until 1965 when it helped with certification testing of the TF39 engine for the Lockheed C-5 Galaxy military transport aircraft. The site continued to grow during the next five decades and has seven outdoor…

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GE opens new engine testing facility in Ohio

ge-aviation GE Aviation has opened a new indoor jet engine test facility at its Peebles, Ohio site.

GE said the $40 million facility will begin testing production engines by the end of this year. GE90, GEnx , GE9X and LEAP engines will all be tested at the new facility in southeastern Ohio.

“Since 2006, GE has invested more than $160 million in facilities expansion at Peebles to manage our growing volume of development engine and production engine testing as well as final engine assembly of GE90 and GEnx engines,” GE’s Peebles plant leader Brian De Bruin said in a statement, noting that “the Peebles site will test 1,600 production engines along with 70 development engines and will assemble and ship more than 500 engines from our assembly area” in 2014.

From ATW, Air Transport World   |  November 5, 2014

By Aaron Karp

Photo:…

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Ormet Auction Is Set

HANNIBAL – Eric J. Spirtas said old pots once used for making aluminum are no longer needed at the Ormet Corp. site, as he plans to auction off virtually everything left in the buildings to make room for “international energy groups.”

“We are not naming the names yet,” Spirtas, president of Niagara Worldwide, said Thursday. “We are moving forward to get the old stuff out of here to make way for the new. We need to get started before we can finish.”

Spirtas’ company purchased the Monroe County facility out of bankruptcy for $25.25 million in June. As recently as Aug. 21, he said Niagara was in discussions with three companies who may be interested in restarting the plant that previously employed nearly 1,000 workers, but said last month this would not happen.

Emphasizing the 1,700-acre plant site’s location in the heart of the Marcellus…

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160 Jobs Announced In Pike County

Governor John Kasich joined federal, state and local officials in Waverly on Monday to listen to an announcement by Rural King about the opening of a distribution center and retail store that will bring 160 jobs to the area.

According to the company, the Pike County-facility plans to open in summer 2015 and service 30 of the company’s eastern-most stores in the United States. The Pike County facility will be the companies second distribution center, with the first in Mattoon, Ill.

“What a great opportunity for Rural King, Waverly and the state of Ohio. We’re very excited about coming to the area. Some of our executive team came down and saw the facility for the first time they eyes were open wide about the possibilities,” said Alex Melvin, Rural King CEO.

Melvin said once the Waverly facility is open it will be able to keep…

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