ROANOKE TIMES 
                      Copyright (c) 1996, Roanoke Times

DATE: Wednesday, March 6, 1996               TAG: 9603060056
SECTION: BUSINESS                 PAGE: B8   EDITION: METRO 

IN BUSINESS

Valley Bank of Roanoke said Tuesday it has formed a marketing alliance with The Tredegar Trust Co. of Richmond enabling the two organizations to refer business to each other.

The Tredegar Trust Co., which opened in January 1994, is an independent trust company formed to provide fiduciary and investment management services to individuals, businesses and nonprofit institutions. Its chairman is James W. Harkness of Roanoke.

Guy W. Byrd Jr., president of Valley Bank, said many of its clients need trust and investment services, and Tredegar's trust and investment clients in the Roanoke Valley can use commercial banking services offered by Valley Bank. -Staff report Tropicana juice to cost 5% more

BRADENTON, Fla. - A series of winter frosts will mean a 5 percent increase in the wholesale price of juice starting March 31, Tropicana Dole Beverages North America said Tuesday.

The rise, an average of 10 cents a half-gallon, will affect orange and grapefruit juices, apple juice and blends.

The company said the three freezes or frosts that hit the Florida citrus industry in December, January and February reduced the available crop. Tropicana Dole is a division of Montreal-based Seagram Co. -Associated Press Litton unit scuttles project, 5 jobs

BLACKSBURG - Litton Poly-Scientific has eliminated five design engineering jobs after dramatically cutting the research and development of a product line.

The five engineers, most of whom had been employed less than three years, until last week were working on an alarm monitoring access control system called SuperVision, a product introduced in 1981.

Poly-Scientific, which employs about 600 people in Blacksburg, is a leading maker of slip rings, electronic transfer devices used in aircraft, spacecraft and industrial equipment. The company also specializes in fiber optic components, security systems and small motors.

Litton FiberCom Inc., which makes high-speed computer network products in Roanoke and last month announced layoffs, is a division of Poly-Scientific. Both are owned by California-based defense contractor Litton Industries Inc. -Staff report

LENGTH: Medium:   52 lines
ILLUSTRATION: PHOTO:  headshot of Byrd 
KEYWORDS: JOBCHEK