Last Updated on Monday, 19 March 2012 09:13 Written by Lou Phelps Sunday, 18 March 2012 19:27
March 19 – Savannah Area Business Buzzzzzzzz
Georgia economic development leaders had two good announcements last week: Denmark-based Dinex Group plans to open a manufacturing plant in Dublin-Laurens County. The automotive emissions control and exhaust manufacturer will create 250 jobs and invest $15 million in this operation. “Automotive suppliers are leading the way for the manufacturing rebound in Georgia and we have companies such as Dinex to credit for that,” said Governor Deal. “Our state is uniquely equipped to help manufacturers compete globally, so I am especially glad to welcome this company to Georgia. The company specialized in products for the heavy-duty diesel engine and vehicle industry. The company’s Dublin facility will be its first in the United States and will produce exhaust and emission systems for the off- and on-road markets for diesel engines in North America. Dinex’s customers include Caterpillar, Carrier, John Deere, Case New Holland and Volvo.
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And, CHEP USA, the industry leader in pallet and container pooling solutions and a part of Brambles Limited, will relocate its headquarters to Dunwoody. The company plans to bring 173 jobs to the new facility over the next five years. CHEP manages pallet and container supply chain logistics for its customers in the consumer goods, produce, meat, home improvement, beverage, raw materials, petro-chemical and automotive industries, partnering with a myriad of companies to develop pallet and container management solutions that ensure reduced product damage, offer enhanced delivery efficiencies, eliminate waste and reduce supply chain costs. CHEP expects the facility to be operational by the fall of 2012 and is actively recruiting for open positions in the Atlanta area.
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A recent Golf World survey of TOUR players named Harbour Town as No. 2 in their “Top 10 PGA TOUR Courses,” placing the Pete Dye masterpiece just behind Augusta National. This marks the debut of Heron Point by Pete Dye on the coveted list – giving the Lowcountry destination two of the top 10 layouts in the golf-rich Palmetto State. The 7,103-yard combination of short and long holes lie between newly-created lagoons and centuries-old live oaks. All the Dye signature elements are present – sprawling waste bunkers, railroad ties, fairway mounding and risk / reward greens – creating a classic 18, according to Cary Corbitt, Director of Sports Division of Sea Pines Resort. The Sea Pines Resort also recently received a “Gold Medal” in GOLF Magazine’s 2012-13 edition of “Premier Resorts.”
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Big brother – the FDIC – definitely has its eye on banks, large and small. The FDIC sent a memo to all banks today reminding them about the guidelines regarding the copying and removal of confidential financial institution information. “The FDIC has observed a limited number of instances in which directors and officers of troubled or failing institutions have made copies of financial institution and supervisory records, and removed those copies from the institution in anticipation of litigation or enforcement activity against them personally. This is a reminder to directors and officers that this activity is a breach of their fiduciary duty to the institution and an unsafe and unsound banking practice, which may also violate applicable laws and regulations and contravene the financial institution's information security program. Attorneys who represent an insured depository institution are also reminded that their fiduciary duty, both legally and ethically, obligates them to act in the best interests of the institution. The FDIC will investigate any matter that appears to violate confidentiality and pursue enforcement actions, as appropriate,” it said. And, it added that this applies to community banks, as well.
There are years of litigation ahead where the FDIC is suing bank officers and board members of failed institutions, trying to recover the taxpayers’ money.
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Written by Lou Phelps Monday, 12 March 2012 09:26
Week of March 12 2012 – Business Buzzzzzzzz
The Lady Bamford Center for Early Childhood Development has expanded to offer service to more children in the Savannah area, a project of JCB, the City of Savannah and the United Way. A dedication event was held recently to announce the expansion plans. The center is dedicated to providing education and social skills development to children from six weeks to five years of age.
A new classroom is being added to expand the school’s capacity from 58 to 78 children.
Lady Bamford, John Patterson, Chairman/CEO of JCB and the mayor of Savannah Edna Jackson participated in a ribbon cutting ceremony at the new classroom.
The Lady Bamford Center for Early Childhood Development is located at 1410 Richards Street, Savannah.
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Aron Stubbins of the Skidaway Institute of Oceanography has had research published this month in the March 2012 issue of Nature Geoscience on the process of carbon-containing dissolved organic matter (DOM) in glacial ice.
Glaciers provide a great deal of carbon to downstream ecosystems. Many scientists believe the source of this carbon is the ancient forests and peatlands overrun by the glaciers. However, Stubbins and his colleagues believe the carbon comes mainly from contemporary biomass and fossil fuel burning that gets deposited on the glacier surfaces. His paper can be viewed on-line at http://dx.doi.org/10.1038/NGEO1403. The mission of the Skidaway Institute of Oceanography is to provide the State of Georgia with a nationally and internationally recognized center of excellence in marine science through research and education.
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Foundation Financial Group, with local offices at 17 Park of Commerce Blvd. in Savannah, has announced the opening of its sixth retail branch in Wichita, Kan., its first retail branch opened in 2012 of 11 retail branch locations throughout the Midwest and Mid-Atlantic planned this year as the company continues to grow. Foundation Financial Group named Bobbi Jo Dixon as the Wichita branch manager. Its Savannah office, which was opened in June 2009, is headed by Greg Ludwig.
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