Arkansas Business

Sun Paper
Arkansas Governor's Office

Sun Paper Industry of China says the planned early 2017 construction start for a $1.3 billion superproject in Clark County will likely be pushed back because of ongoing pre-engineering and feasibility studies for the bio-product paper mill.

“They are still trying to nail down some of the issues involving the project and it has taken more time than was expected,” said Julie Mullenix of Little Rock-based Mullenix & Associates, a local governmental relations, PR and lobbying firm.

Members of the Arkansas Rice Federation have traveled to Cuba to discuss the future of trade between the U.S. and Cuba.
 
The delegation, which included Arkansas Agriculture Secretary Wes Ward, was briefed on developments in Cuban farming and also met with representatives of the Ministry of Education, Ministry of Foreign Trade, Havana University and Alimport, the state-owned operation responsible for agricultural imports and exports.
 

Arkansas Economic Development Commission Director Mike Preston.
TalkBusiness.net

Arkansas officials say a lumber mill that shut down six years ago is reopening, creating 136 new jobs.
 
The state Economic Development Commission on Wednesday announced that Caddo River Forest Products is spending up to $50 million to re-open the Glenwood sawmill. Officials said they expect another 200 to 300 indirect jobs to be created through the project.
 

Walmart Looks To Partner On E-commerce And Expand Sam’s Club In China

Jun 21, 2016
walmart wal-mart
Wal-Mart

Walmart.com is looking for some help to grow its e-commerce, retail footprint and scale in China. The retailer announced Monday plans to partner with JD.com, a major online marketplace player in China.

The deal involves a wide range of business initiatives involving online and in-store retail ventures of Walmart and Sam’s Club.

Chris Hickey / KUAR News

Traffic at Arkansas’ three largest commercial airports improved in May, and shipping on the Arkansas River has recovered from the rain-induced slowdown in 2015, according to information in the June edition of the Arkansas Transportation Report.

Drone Amazon
AP / NPR.org

Wal-Mart Stores Inc. is testing drones that it says will help it manage its warehouse inventory more efficiently, and which it says could be rolled out in the next six to nine months across its distribution centers.

Talk Business and Politics reports:

Retail giant Walmart is betting big on grocery pickup as a way to fend off Amazon’s fresh home delivery offering. But while the efforts are being accelerated by Walmart, consumers are slow to adopt the new service, according to a study by Fayetteville-based Field Agent and consultants close to the situation.

 

Talk Business and Politics reports

Gov. Asa Hutchinson recently touted to business leaders that the state has added 42,000 new jobs and reached an all-time low jobless rate of 3.9% during the first 16 months of his administration.

Authorities say two people have been injured in an explosion and fire at a defense technology manufacturing plant in southern Arkansas.

Ron Nash, assistant chief of the Camden fire department, says a report of a possible explosion at Esterline Defense Technologies came in just before 7 p.m. Monday.

Nash says the blast affected only one building and firefighters were able to contain the blaze.

He says two people were hurt. It wasn't immediately clear if they were employees, and Nash didn't know the extent of their injuries.

Arkansas-based Simmons First National Corp. has announced plans to purchase Tennessee-based Citizens National Bancorp Inc. in a $77 million deal.

Simmons said in a news release Wednesday that the purchase includes 835,741 shares of Simmons common stock and $40.3 million in cash.

CNB operates nine financial centers in eastern Tennessee with assets of $552 million, loans of $352 million, deposits of $473 million and trust assets of $217 million.

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