THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, March 12, 1996 TAG: 9603120357
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Business Briefs
LENGTH: Medium: 61 lines
Henrico County is one of two finalists for a $1.5 billion computer chip factory planned by Siemens AG and Motorola Inc., reported the Richmond Times-Dispatch. The two companies are looking at a 2,372-acre tract of state-owned property east of Richmond International Airport. The other site is in Texas near the Dallas-Fort Worth International Airport. The proposed plant would develop the next generation of memory chips for personal computers as part of an alliance backed by Motorola, Siemens, IBM Corp. and Toshiba Corp. Motorola already has a commitment to a factory in Goochland County outside Richmond. IBM and Toshiba also committed to building a plant in Manassas. (Staff) U.Va. creates center for entrepreneurial leaders
The Darden Graduate School of Business Administration at the University of Virginia announced the creation of the Batten Center for Entrepreneurial Leadership and the appointment of its first executive director. The center will integrate entrepreneurship, leadership and ethics in business education into Darden's curriculum through programs, course development and research. The center was made possible through a $13.5 million donation from Frank Batten, chairman of Landmark Communications Inc. of Norfolk, and two of his children, Frank Batten Jr. and Dorothy Batten Rolph, both Darden graduates. (Staff) Mitsubishi pulls out of U.S. pickup market
Mitsubishi Motors Corp. said it will be the first Japanese automaker to pull out of the U.S. pickup market, citing poor sales that stemmed from a high tariff imposed on imported trucks. Mitsubishi said the company has stopped exporting 1-ton trucks from Japan. Sales will be stopped by an inventory clearance of about 2,700 remaining trucks in the United States. Along with a 25 percent tariff charged on imported trucks, declining profitability under the limited U.S. market for smaller trucks prompted Mitsubishi's decision, the company said. Mitsubishi, which has been marketing the Mighty Max pickup in the United States for years, sold about 5,000 of the vehicles last year, down from its peak sales of 37,800 in 1987. (AP) Tecnico gets contract for work on crane ship
Tecnico won a $636,860 contract for maintenance and repairs on the Cornhusker State, a crane ship that is part of the Ready Reserve Force, a fleet of cargo vessels that can be activated to support the U.S. military in a deployment. The Chesapeake-based ship-repair outfit will start the job April 10. The contract, announced by the Maritime Administration, was awarded by Interocean Ugland Management Corp., the ship's manager. The Cornhusker State is anchored in the James River Reserve Fleet off Fort Eustis. Contract options could be worth another $195,068 for Tecnico. (Staff) by CNB