Regional Report Charlotte October 2011

 In 2011-10

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REGIONALREPORT Charlotte

LINCOLNTONLincolnton Furniturewill begin production at a 311,000-square-foot factory here by year-end. CEO Bruce Cochrane says the plant will employ 130 by 2013.

MOORESVILLELowe’s plans to repurchase up to $5 billion of its stock within two to three years. In early September, shares were trading at $19.15, down from a 52-week high of $27.45. The hardware retailer also declared a quarterly dividend of 14 cents per share, payable next month.

CHARLOTTESwisher Hygiene paid $1.1 million in cash for Texas-based Kitter and Tennessee-based Sanico Mat Rentals. Kitter provides laundry services and cleaning chemicals to restaurants and hotels, while Sanico supplies dust-control and linen products to food-service, hospitality and health-care companies.

SHELBYUltra Armoring won a $44.7 million defense contract to make nonstandard commercial vehicles for U.S. Special Operations Command. A subsidiary of Ultra Machine & Fabrication, Ultra makes and installs armor plating for vehicles.

SALISBURYUniversal Forest Products paid $1.7 million for a former Maxon Furniture plant here. The Grand Rapids, Mich.-based maker of industrial packaging will add 50 jobs in the next three years, increasing local employment to about 200. The average wage for the new jobs will be $37,143. The Rowan County average is $36,036..   

CHARLOTTE — More than a dozen unions affiliated with the AFL-CIO plan to boycott the 2012 Democratic National Convention. They are protesting the party’s decision to hold the event in North Carolina because they believe the state is anti-union.

HUNTERSVILLELime Energy will complete the relocation of its headquarters from Chicago to its office here this month. The company, which develops clean-energy projects for businesses and governments, plans to add up to 75 jobs statewide within three years, giving it about 175 total.

     

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