Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, September 8, 1994 TAG: 9409080062
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
HILLSVILLE - A Kentucky hosiery manufacturer has bought a 56,000-square-foot shell building in the Carroll County industrial park and is expected to start making socks early next year.
Kentucky Derby Hosiery Co. said Wednesday it plans to hire about 100 production employees at the plant within six months and 200 within 30 months. The company has headquarters in Hopkinsville, Ky., and six manufacturing facilities in Hickory and Mount Airy, N.C., employing 1,400 people. This will be its first Virginia plant.
``Carroll County was selected for our new operation based on the positive business climate generated by the Carroll County Board of Supervisors,'' said Steve Belton, executive vice president of operations.
Kentucky Derby Hosiery will invest several million dollars in the facility. Garry Moore, personnel director, said training of new employees would start before the end of the year. The company began operations in 1948 under the ownership of W.H. Nichol. His son, W.H. Nichol Jr., is the current president.
- Staff report
Heilig-Meyers has become No.2
RICHMOND - Heilig-Meyers Co. has become the nation's second-largest home furnishings retailer, according to a new industry survey.
The Richmond-based company operating stores in Western Virginia moved up three places from last year's rankings by Furniture/Today in the trade publication's assessment of the top 100 U.S. furniture retailers.
Furniture/Today reported that Heilig-Meyers, operating 606 stores, had $508.8 million in furniture sales and $863.8 million in total revenue.
Levitz retained the No.1 spot. The chain, based in Boca Raton, Fla., had $985.6 million in sales. The No.3 furniture retailer was Pier 1 Imports of Fort Worth, Texas, with sales of $417.1 million.
Also on the Furniture/Today list were Richmond-based This End Up, No.19, and Haynes Furniture Co. of Virginia Beach, No.48.|
- Associated Press
Briefly ...
The Roanoke Valley chapter of the International Management Council will hold a dinner meeting Sept. 27 for people interested in seeking its Certified Manager professional designation. Diane Little, director of the administration of the international council, a program of the YMCA, will speak. The session will begin at 6 p.m. at the Roanoke Airport Marriott hotel. Cost is $15. For more information, call Keith Duncan at 343-5195 by Sept. 23.
X-1R Friction Eliminators, a distributor for an automotive lubrication and hydraulic additive, has opened offices at the Roanoke City Market. Chris Caveness, president of X-1R of Virginia Inc., said he owns distributorship rights for the product throughout the state. The office is at 113-A Salem Ave. S.E. The company sells primarily to heavy equipment dealers, municipalities and NASCAR drivers.
Blue Ridge Antique Center, a 12,000-square-foot retailer of furniture, glassware and accessories from more than 50 antique dealers, has opened at 20100 Virgil H. Goode Highway, Rocky Mount. The center offers a bridal and gift registry, furniture replacement hardware, lamp parts and reference books on antiques. The center is operated by Joel R. and Ann Clair Shepherd of Roanoke.
The Downtown Learning Center, a child day-care division of Carilion Health System's Community Hospital of Roanoke Valley, has been accredited by the National Academy of Early Childhood Programs, which sets national quality standards. The center is at 502 Second St. S.W., Roanoke.
United Dominion Realty Trust Inc., Richmond-based owner of apartments and industrial property in the Roanoke Valley, said it has registered $400 million in debt securities and preferred and common stock. The securities may be offered from time to time at prices and upon terms to be determined at the time of any sale. The proceeds from any offerings of securities covered by the shelf registration statement will be used to repay debt, improve existing properties, acquire additional apartments, and for general corporate purposes.
The Maddox Agency, a Roanoke and Richmond advertising, marketing and communications firm, has been named agency for Motion Control Systems, a national manufacturer of integrated direct drive systems and components.
by CNB