Arkansas Business

Local & Regional News
9:16 am
Thu June 19, 2014

Opening Date Planned For New Conway Airport

Officials say Conway's new airport is set to open later this summer.

Airport manager Josh Zylks says Aug. 14 is the targeted opening date, though that may be pushed back because of recent rains. The new airport will be known as Cantrell Field and will be located in the Lollie Bottoms area of Conway.

City leaders had long talked about the need for a new airport, but the project was given more priority after a pilot crashed his plane into a home near Conway's current airport in 2007. The pilot was killed in the crash, along with a woman in the house.

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Local & Regional News
9:01 am
Mon June 16, 2014

Hillshire Backs Away From Pinnacle Foods Offer

Hillshire Brands Co. is backing off of its offer to buy Pinnacle Foods Inc., a move that it needs to make in order for its $7.75 billion proposed deal with Tyson Foods to go through.

Tyson won a bidding war with Pilgrim's Pride earlier this month to buy Hillshire, maker of Jimmy Dean sausages and Ball Park hot dogs. The final offer from Tyson Foods Inc. ended up at $63 per share, but it was contingent on Hillshire not going through with its bid for Pinnacle Foods, which makes Birds Eye frozen vegetables.

Local & Regional News
8:56 am
Mon June 16, 2014

Public Meeting Set On Buffalo River Hog Farm Rule

A public hearing is planned in Harrison on a proposed regulation that would ban large hog farms in the Buffalo River watershed.

The meeting is set for Tuesday evening in Harrison. The Arkansas Pollution Control and Ecology Commission is considering a new regulation that would ban farms with 750-plus hogs weighing 55 pounds or more and farms with 3,000 or more hogs weighing less than 55 pounds.

Local & Regional News
8:54 am
Tue June 10, 2014

Denver Company Announces Plans For Sherwood Office, Creates 250 Jobs

A Denver-based company has announced plans to open a center in Sherwood and hire 250 workers.

TeleTech Holdings Inc. announced Monday that it would open a "customer experience center" in Sherwood in July. The facility will be located in the Wildwood Centre & Medical Tower and will represent a national health insurance client.

TeleTech is seeking job applicants who have life and health care licenses, but says prospective employees will have the opportunity to participate in TeleTech's training program to become licensed insurance agents.  

Local & Regional News
10:39 am
Mon June 9, 2014

Arkansas-Based Tyson Wins Bidding War For Hillshire Brands

Credit Tyson Foods

Meat producer Tyson Foods Inc. of Arkansas has won a bidding war for Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs, with a $63 per share offer.

Both Tyson and Pilgrim's Pride had been bidding of Hillshire Brands. Tyson had previously offered $50 per share for the company. Pilgrim's Pride then raised its bid to $55 per share.

Pilgrim's Pride says it is withdrawing its offer. The offer from Tyson is worth $7.75 billion based on Hillshire's 123 million shares outstanding. Tyson values the deal at $8.55 billion, including debt.

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Local & Regional News
5:45 pm
Thu June 5, 2014

Former Nordex Plant To Become Railcar Repair Site

A railcar maintenance company is to locate in the former Nordex USA wind turbine plant in Jonesboro and pledges to hire up to 350 employees.

TrinityRail Maintenance Services Inc. announced Thursday that it would expand the facility to accommodate its planned scope of work.

TrinityRail is a subsidiary of Trinity Industries Inc. of Dallas. The company provides an array of industrial products, including railcars, barges, storage containers and other transportation-related goods and services.

Local & Regional News
2:42 pm
Wed June 4, 2014

Arkansas Tourism Officials Marketing The State To Motorcyclists

Credit arkansas.com

The ultimate biker song could serve as a marketing campaign for a new push from state tourism officials, reports Talk Business & Politics.

In the last two years, Arkansas has begun marketing its scenic highways to motorcyclists who are far from the drifter image painted in cult classic films like “Easy Rider.” We’re not talking Hell’s Angels, says Arkansas Tourism director Joe David Rice.

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Local & Regional News
1:35 pm
Mon June 2, 2014

Corporation To Build New Rice Mill At Port Of Pine Bluff

Economic development officials say a new rice mill is headed to Pine Bluff. The state announced Monday that Southwind Milling Co. LLC will build a rice mill at the city's port.

The corporation is part of Optimum Group, which has been farming in Mississippi Delta states since 2010.

Construction of the new mill is expected to begin immediately at the site in the Pine Bluff Port's Harbor Industrial District. Officials say the plant will be operational by February 2015 and will initially employ 25 people.

Local & Regional News
9:02 am
Fri May 30, 2014

Georgia Pacific Announces $40 Million Expansion At Fort Smith Plant

Georgia-Pacific says it will invest $40 million in an expansion at its Fort Smith plant, which manufactures paper plates and other paper products.

Georgia-Pacific said Thursday that the new technology and equipment will increase the Dixie plant's current capacity for assorted sizes of paper plates. The plant now employs 350 workers, but the company says that number may grow once the expansion is complete next year.

The company operates 10 facilities throughout Arkansas with more than 2,400 workers in the state.

Local & Regional News
12:09 pm
Thu May 29, 2014

Arkansas-Based Tyson Makes Rival $6.2Billion Bid For Hillshire Brands

Credit Tyson Foods

Hillshire Brands has another suitor. Arkansas-based Tyson Foods Co. is offering to buy Hillshire for $50 per share. That's $5 per share higher than Pilgrim's Pride offer earlier this week.

Hillshire Brands, which makes Ball Park hot dogs and Jimmy Dean sausages, has been trying to buy Birds Eye frozen vegetables maker Pinnacle Foods for $4.23 billion.

But Tyson, one of the world's largest meat-processing companies, said its offer would make a more profitable company.

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