Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, October 12, 1994 TAG: 9410120072
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
HIGHLAND PARK, Mich. - Underscoring the fervor for light trucks and mini-vans in the United States, Chrysler Corp. reported Tuesday that it earned a record $651 million in the three months ending in September, up 54 percent from last year's record of $423 million.
The earnings, of $1.76 a share, came on record third-quarter revenues of $11.7 billion, up 20 percent from last year's $9.7 billion.
While retail sales of Chrysler cars slipped slightly in the quarter because of factory shutdowns to prepare for new models, more mini-vans and other trucks, like the Dodge Ram pickup and the Jeep Grand Cherokee, were sold.
- Associated Press
Abbott Labs opens center in Altavista
Abbott Laboratories on Tuesday opened a $12 million distribution center for its Ross Products division in Altavista. The 311,000-square-foot center, coupled with a $46 million expansion of the company's manufacturing facilities to be completed next year, are expected to add 200 jobs to the 22-year-old nutritional products plant.
The expansion was partly financed by an $800,000 grant from the state Governor's Opportunity Fund for site and road preparations and extension of utilities.
- Staff report
Chesapeake Corp. plans expansion
Chesapeake Corp., Richmond parent of Chesapeake Packaging Co. of Roanoke, on Tuesday announced a $48 million expansion for the company's packaging and kraft businesses, due to increasing demand for products and near capacity operations of its manufacturing facilities. The expansions, to be financed by internally generated money and existing credit lines, will include expansion of the company's Color-Box graphic packaging business on the West Coast and in Richmond, Ind., and of the Chesapeake Paper Products Co. kraft mill in West Point, Va.
- Staff report
by CNB