ROANOKE TIMES
Copyright (c) 1995, Roanoke Times
DATE: Tuesday, December 12, 1995 TAG: 9512120033
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
Orange Ave. gas station to be sold
Richmond-based East Coast Oil Corp. plans to sell 11 of its 42 gas station and convenience store locations, including one on Orange Avenue in Roanoke.
Doug Jones, chief financial officer, said the stores that have been put up for sale are profitable and perform well. They do not, however, fit in with East Coast's plan to open larger superstores with expanded diesel facilities and fast-food counters. Roanoke's distance from Richmond headquarters and from the other East Coast locations - mostly around Richmond and Tidewater Virginia - also contributed to the decision to sell the Orange Avenue store.
Bids for the stores will be taken through December, Jones said.
- Staff report
Holdren's sells Franklin Rd. building
Holdren's Inc. has sold a building at 2239 Franklin Road to Douglas R. Irvin, owner of Safehouse Signs Inc. The building, with 13,984 square feet on two floors, includes a small office-showroom and a large warehouse and garage. It was occupied by The Guild Automotive Repair shop. Chris Nelson and Ed Hall of Hall Associates Inc. of Roanoke handled the transaction, valued at $160,000.
Irvin said he does not intend to move Safehouse Signs from 102 Albemarle Ave., S.E. He will not determine future use of the building until February or March.
- Staff report
Coal production up
U.S. coal production rose 14 percent in the week ended Dec. 2, to 20 million tons from 17.6 million the week before, the U.S. Department of Energy said Monday. The mines produced 21.2 million tons in the same week last year. Production so far this year is 946 million tons, down slightly from a year ago.
Virginia mines produced 601,000 tons in the survey week, up from 719,000 tons a year ago. Year-to-date totals for Virginia are 32.6 million tons, compared with year-ago 34.4 million tons.
- Associated Press
Briefly ...
Kollmorgen Corp.'s Industrial Drive division in Radford has received the Automation Forum Renewal Award, which cites implementation in the factory of cellular manufacturing, self-directed work teams, cross-training of workers and pay for applied skills.
Sissy's Antiques, an antique, craft and ceramic shop, has opened at 2914 Jae Valley Road, off Virginia 116 in Southeast Roanoke. The shop, owned by Wally and Frances Andrews, is open Tuesday through Saturday.
Doubletree Hotels, the Phoenix, Ariz.-based hotel management company that runs the Hotel Roanoke and Conference Center, has started operating its first hotel in Minnesota, the Doubletree Grand Hotel near Mall of America in Bloomington. Doubletree runs more than 100 hotels in the U.S. and Mexico for a variety of owners.
Earnings
Pulaski Furniture Corp. reported net income of $4.5 million, or $1.56 per share, on sales of $172.3 million for its fiscal year ended Oct. 29, compared with year-earlier $3.2 million, or $1.10 per share, on sales of $148.7 million. Fourth-quarter net income was $2.6 million, or 91 cents, on sales of $61.8 million, compared with $847,000, or 30 cents, on sales of $56 million.
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