April 27, 2019 at 4:00 a.m.
Dunkirk Ardagh an Energy Star
Business roundup
Dunkirk Ardagh an Energy Star
Dunkirk’s Ardagh glass container plant has once again received an Energy Star certification for superior energy performance from the U.S. Environmental Protection Agency.
Ardagh Group Glass-North America, a division of Ardagh Group, is the only U.S. glass container manufacturer to receive that recognition.
Two other Ardagh plants, located in Bridgeton, New Jersey, and Madera, California, also earned the Energy Star certification.
"Ardagh Group is pleased to accept EPA's Energy Star certification," Bertrand Paulet, president and chief executive officer of Ardagh Group Glass-North America, said in a prepared statement. "We are proud to manufacture infinitely recyclable glass containers in the U.S., and are committed to be the market leader in sustainability by optimizing our manufacturing operations, maximizing the use of recycled materials and lowering energy consumption."
The Dunkirk plant has improved energy performance by upgrading and optimizing furnaces, using recycled glass and installing energy-efficient lighting.
All of Ardagh’s 13 glass manufacturing plants in North America are also ISO 14001 certified.
Chew on it
Beyond Meat Inc., a maker of vegan chicken and beef substitutes that counts Tyson Foods among its investors, is planning an initial public offering of its stock in order to raise as much as $184 million, Bloomberg reported this week. In addition to its stake in Beyond Meat, Tyson is also working on its own alternative-protein products.
Backers of Beyond Meat include Microsoft co-founder Bill Gates and actor Leonardo Dicaprio in addition to Tyson.
Beyond Meat was founded in 2009 and is best known for the Beyond Burger. It’s based in El Segundo, California.
Tyson is the parent company of Tyson Mexican Original of Portland.
International flair?
McDonald’s will be adding some international items to the menu this summer, according to Business Insider.
Among the items expected to be added to the menu in June from McDonald’s international operations are the Stroopwafel McFlurry, soft-serve vanilla with caramel waffle cookies, from The Netherlands, the Grand McExtreme Bacon Burger from Spain and a Tomato-Mozzarella Chicken Sandwich from Canada.
In spotlight
An article in the latest issue of Fortune magazine focuses on the decline of venture capital firm Kleiner Perkins and Mary Meeker’s departure from that firm.
Meeker, a Jay County native, is known internationally as an internet analyst and is currently raising capital for her own new firm, Bond.
Writer Polina Marinova details how Meeker’s success with the Kleiner Perkins growth division coincided with a losing streak in the company’s venture capital division. That created some friction and tension.
“As Meeker was racking up victories, Kleiner’s early-stage practice continued to stumble — especially compared with the competition and its own illustrious past,” Marinova writes.
That tension increased when Mamoon Hamid was brought in as the firm’s new leader under a succession plan.
“Mamoon comes in and thinks he’s the new sheriff in a place where Mary thinks she’s the sheriff. Why wouldn’t she leave?” Marinova quotes one Kleiner Perkins Caufield and Byers source.
“The splitting up of a venture capital firm isn’t so different from the dissolution of a marriage. Meeker, who is 59, hasn’t completed raising money for Bond, and she has continued to look after Kleiner’s ‘children,’ the companies she invested in during her time there. Like divorcing spouses who haven’t yet sorted out the paperwork, the two sides are still cohabitating. They continue to share office space in San Francisco’s South Park neighborhood as well as in Kleiner’s longtime complex on Sand Hill Road in Menlo Park,” Marinova writes.
Joins staff
Tamra D. Kaufman has joined the Alexander Financial Group of Raymond James, Portland, as a financial adviser trainee.
Kaufman has 30 years of experience in the financial services industry, most recently with First Merchants Bank.
Among best
Crown Equipment Corp. of New Bremen, Ohio, has been named of of “America’s Best Employers” by Forbes magazine.
A maker of material-handling equipment, Crown employs more than 15,500 worldwide, with 10,800 in the U.S. working at 84 locations.
Forbes worked with a market research company to survey about 50,000 workers in the U.S.
Companies were rated on competitive wages, benefits and paths to career advancement among other factors.
Abatements renewed
Berne City Council this week renewed tax abatements for FCC Adams and EP Graphics.
FCC Adams employs 1,104 and EP Graphics 117.
New employee
Arts Place has hired Chloe Newman as its sales and marketing coordinator. She’ll succeed Laura Reese, who is moving with her family to Tennessee.
Newman is a 2018 graduate of Ball State University with a bachelor of fine arts degree in visual communications and a minor in Spanish.
Below expectations
Allegheny Technologies Inc., parent of Portland Forge, has reported first quarter 2019 results that show increased sales but disappointing profits.
“While our first quarter sales increased to $1 billion, our financial results were below our expectations as we faced unexpected operational headwinds in both of our business segments,” Robert S. Wetherbee, ATI president and chief executive officer, said in a prepared statement.
The company reported sales for the quarter of $1 billion and net income of $15 million. That compares to the first quarter of 2018 when sales were $979 million and net income was $58 million.
“We continue to work proactively with our customers to jointly address current supply constraints related to the ongoing aerospace production ramp, and as previously announced, we expect to maintain our current production and delivery schedules related to the 737 MAX aircraft,” said Wetherbee. “We have full confidence in Boeing’s ability to address current narrow-body model issues.”
New leaders
Matthew R. Miller has been named president of Park National Corp., the Newark, Ohio, parent company of Second National Bank.
And David Trautman has been named chairman of the board.
Both appointments are effective May 1.
Miller joined Park in 2009, and Trautman has been chief executive officer the past five years.
The community bank and finance holding company has assets of $7.9 billion.
Ardagh Group Glass-North America, a division of Ardagh Group, is the only U.S. glass container manufacturer to receive that recognition.
Two other Ardagh plants, located in Bridgeton, New Jersey, and Madera, California, also earned the Energy Star certification.
"Ardagh Group is pleased to accept EPA's Energy Star certification," Bertrand Paulet, president and chief executive officer of Ardagh Group Glass-North America, said in a prepared statement. "We are proud to manufacture infinitely recyclable glass containers in the U.S., and are committed to be the market leader in sustainability by optimizing our manufacturing operations, maximizing the use of recycled materials and lowering energy consumption."
The Dunkirk plant has improved energy performance by upgrading and optimizing furnaces, using recycled glass and installing energy-efficient lighting.
All of Ardagh’s 13 glass manufacturing plants in North America are also ISO 14001 certified.
Chew on it
Beyond Meat Inc., a maker of vegan chicken and beef substitutes that counts Tyson Foods among its investors, is planning an initial public offering of its stock in order to raise as much as $184 million, Bloomberg reported this week. In addition to its stake in Beyond Meat, Tyson is also working on its own alternative-protein products.
Backers of Beyond Meat include Microsoft co-founder Bill Gates and actor Leonardo Dicaprio in addition to Tyson.
Beyond Meat was founded in 2009 and is best known for the Beyond Burger. It’s based in El Segundo, California.
Tyson is the parent company of Tyson Mexican Original of Portland.
International flair?
McDonald’s will be adding some international items to the menu this summer, according to Business Insider.
Among the items expected to be added to the menu in June from McDonald’s international operations are the Stroopwafel McFlurry, soft-serve vanilla with caramel waffle cookies, from The Netherlands, the Grand McExtreme Bacon Burger from Spain and a Tomato-Mozzarella Chicken Sandwich from Canada.
In spotlight
An article in the latest issue of Fortune magazine focuses on the decline of venture capital firm Kleiner Perkins and Mary Meeker’s departure from that firm.
Meeker, a Jay County native, is known internationally as an internet analyst and is currently raising capital for her own new firm, Bond.
Writer Polina Marinova details how Meeker’s success with the Kleiner Perkins growth division coincided with a losing streak in the company’s venture capital division. That created some friction and tension.
“As Meeker was racking up victories, Kleiner’s early-stage practice continued to stumble — especially compared with the competition and its own illustrious past,” Marinova writes.
That tension increased when Mamoon Hamid was brought in as the firm’s new leader under a succession plan.
“Mamoon comes in and thinks he’s the new sheriff in a place where Mary thinks she’s the sheriff. Why wouldn’t she leave?” Marinova quotes one Kleiner Perkins Caufield and Byers source.
“The splitting up of a venture capital firm isn’t so different from the dissolution of a marriage. Meeker, who is 59, hasn’t completed raising money for Bond, and she has continued to look after Kleiner’s ‘children,’ the companies she invested in during her time there. Like divorcing spouses who haven’t yet sorted out the paperwork, the two sides are still cohabitating. They continue to share office space in San Francisco’s South Park neighborhood as well as in Kleiner’s longtime complex on Sand Hill Road in Menlo Park,” Marinova writes.
Joins staff
Tamra D. Kaufman has joined the Alexander Financial Group of Raymond James, Portland, as a financial adviser trainee.
Kaufman has 30 years of experience in the financial services industry, most recently with First Merchants Bank.
Among best
Crown Equipment Corp. of New Bremen, Ohio, has been named of of “America’s Best Employers” by Forbes magazine.
A maker of material-handling equipment, Crown employs more than 15,500 worldwide, with 10,800 in the U.S. working at 84 locations.
Forbes worked with a market research company to survey about 50,000 workers in the U.S.
Companies were rated on competitive wages, benefits and paths to career advancement among other factors.
Abatements renewed
Berne City Council this week renewed tax abatements for FCC Adams and EP Graphics.
FCC Adams employs 1,104 and EP Graphics 117.
New employee
Arts Place has hired Chloe Newman as its sales and marketing coordinator. She’ll succeed Laura Reese, who is moving with her family to Tennessee.
Newman is a 2018 graduate of Ball State University with a bachelor of fine arts degree in visual communications and a minor in Spanish.
Below expectations
Allegheny Technologies Inc., parent of Portland Forge, has reported first quarter 2019 results that show increased sales but disappointing profits.
“While our first quarter sales increased to $1 billion, our financial results were below our expectations as we faced unexpected operational headwinds in both of our business segments,” Robert S. Wetherbee, ATI president and chief executive officer, said in a prepared statement.
The company reported sales for the quarter of $1 billion and net income of $15 million. That compares to the first quarter of 2018 when sales were $979 million and net income was $58 million.
“We continue to work proactively with our customers to jointly address current supply constraints related to the ongoing aerospace production ramp, and as previously announced, we expect to maintain our current production and delivery schedules related to the 737 MAX aircraft,” said Wetherbee. “We have full confidence in Boeing’s ability to address current narrow-body model issues.”
New leaders
Matthew R. Miller has been named president of Park National Corp., the Newark, Ohio, parent company of Second National Bank.
And David Trautman has been named chairman of the board.
Both appointments are effective May 1.
Miller joined Park in 2009, and Trautman has been chief executive officer the past five years.
The community bank and finance holding company has assets of $7.9 billion.
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