July 23, 2014 at 2:10 p.m.
Saturday September 24
Business roundup
Saint-Gobain, parent company of Dunkirk’s Verallia glass packaging plant, has set the terms for a bond issue totaling 1.75 Euros.
The bond issue will have an average maturity of about six years and an average annual coupon of about 4 percent.
The bond issue will mainly serve to refinance existing debt.
Saint-Gobain’s long-term senior debt is rated BBB by Standard & Poor’s and Baa2 by Moody’s.
Canning resumes
Meridian Foods in Eaton is resuming production of canned goods after installation of a new roof.
Production stopped July 23 to allow time for construction at the 38,000-square-foot facility.
Other upgrades included heating, ventilation and air-conditioning systems.
Meridian Foods soaks, cooks and cans several types of beans sold in supermarkets and health foods stores. Production reaches a daily average of 30,000 pounds, or 150,000 15-ounce cans of Eden Organics beans.
Farmers can donate
A new program adopted by the Farm Bureau in Blackford, Delaware, Jay and Madison counties gives local farmers an opportunity to donate crops to help those in need.
Delaware County Farm Bureau created the Farmers Helping Neighbors program to supplement the Second Harvest Food Bank of East Central Indiana.
The goal is to feed East Central Indiana’s most vulnerable residents through a network of member agencies and programs.
To learn more, visit www.infarmbureau.org
To add jobs
Vera Bradley Inc., designer of handbags, gifts, travel and accessories, announced plans today to expand its operations in Roanoke, creating up to 124 new jobs by 2015, The Angola Herald-Republican reports.
The company will invest approximately $22.5 million to expand its current 220,000 square-foot distribution center in Roanoke to 420,000 square feet. This expansion is scheduled to begin this fall and includes additional warehouse space, truck docks and retail store staging areas. The new facility is expected to be operational in Fall 2012.
Vera Bradley, which currently employs 840 full-time workers in Indiana, will begin hiring additional administrative and warehouse associates in Roanoke later this year to coincide with facility improvements.
Headquartered in Fort Wayne, the company was founded 29 years ago by Barbara Bradley Baekgaard and Patricia R. Miller who were inspired to start the company when they noticed a lack of feminine-looking luggage while waiting at an airport terminal. Today, Vera Bradley has more than 1,800 employees worldwide and reported fiscal 2011 sales as $366 million.
The Indiana Economic Development Corporation offered Vera Bradley, Inc. up to $975,000 in performance-based tax credits and up to $100,000 in training grants based on the company’s job creation plans. Fort Wayne and Allen County will consider additional incentives at the request of the Fort Wayne-Allen County Economic Development Alliance.[[In-content Ad]]
The bond issue will have an average maturity of about six years and an average annual coupon of about 4 percent.
The bond issue will mainly serve to refinance existing debt.
Saint-Gobain’s long-term senior debt is rated BBB by Standard & Poor’s and Baa2 by Moody’s.
Canning resumes
Meridian Foods in Eaton is resuming production of canned goods after installation of a new roof.
Production stopped July 23 to allow time for construction at the 38,000-square-foot facility.
Other upgrades included heating, ventilation and air-conditioning systems.
Meridian Foods soaks, cooks and cans several types of beans sold in supermarkets and health foods stores. Production reaches a daily average of 30,000 pounds, or 150,000 15-ounce cans of Eden Organics beans.
Farmers can donate
A new program adopted by the Farm Bureau in Blackford, Delaware, Jay and Madison counties gives local farmers an opportunity to donate crops to help those in need.
Delaware County Farm Bureau created the Farmers Helping Neighbors program to supplement the Second Harvest Food Bank of East Central Indiana.
The goal is to feed East Central Indiana’s most vulnerable residents through a network of member agencies and programs.
To learn more, visit www.infarmbureau.org
To add jobs
Vera Bradley Inc., designer of handbags, gifts, travel and accessories, announced plans today to expand its operations in Roanoke, creating up to 124 new jobs by 2015, The Angola Herald-Republican reports.
The company will invest approximately $22.5 million to expand its current 220,000 square-foot distribution center in Roanoke to 420,000 square feet. This expansion is scheduled to begin this fall and includes additional warehouse space, truck docks and retail store staging areas. The new facility is expected to be operational in Fall 2012.
Vera Bradley, which currently employs 840 full-time workers in Indiana, will begin hiring additional administrative and warehouse associates in Roanoke later this year to coincide with facility improvements.
Headquartered in Fort Wayne, the company was founded 29 years ago by Barbara Bradley Baekgaard and Patricia R. Miller who were inspired to start the company when they noticed a lack of feminine-looking luggage while waiting at an airport terminal. Today, Vera Bradley has more than 1,800 employees worldwide and reported fiscal 2011 sales as $366 million.
The Indiana Economic Development Corporation offered Vera Bradley, Inc. up to $975,000 in performance-based tax credits and up to $100,000 in training grants based on the company’s job creation plans. Fort Wayne and Allen County will consider additional incentives at the request of the Fort Wayne-Allen County Economic Development Alliance.[[In-content Ad]]
Top Stories
9/11 NEVER FORGET Mobile Exhibit
Chartwells marketing
September 17, 2024 7:36 a.m.
Events
November
To Submit an Event Sign in first
Today's Events
No calendar events have been scheduled for today.
250 X 250 AD