In Los Angeles for the U.S. unveiling of his LEAF electric car, Nissan CEO Carlos Ghosn announced his company has enlisted Houston-based electric utility Reliant Energy to help flesh out the infrastruture that will be needed to charge electric vehicles.
Nov 13, 2009 2:52 PM
Hemlock Semiconductor has officially started construction of a $1.2 billion solar panel manufacturing plant in Montgomery County. We couldn't find any renderings, but here are some dandy stats to mix into your weekend conversations.
Total construction time for the entire project is estimated to be nearly three years. The site will contain over 150,000 cubic yards of concrete, 20,000 tons of structural steel, and more than one million feet of piping, which equates to 1.3 miles of piping installed per week.
Nov 13, 2009 8:04 AM
Those dapperly dressed men with shovels are John Schaffer of Constellation Energy Projects & Services Group, Mayor Karl Dean and John Juric, president of Fiberweb Americas. They broke ceremonial ground yesterday on Fiberweb’s new central utility plant and new research and development center in Old Hickory. The $34 million project will create about 30 jobs on top of the 600 Fiberweb already accounts for locally.
Nov 13, 2009 7:42 AM
David Penn at MTSU's Business & Economic Research Center says the study prepared to help Rutherford County officials justify $62 million in tax breaks for Nissan was a tad too upbeat.
"The analysis done on the multiplier assumes that other jobs that Nissan has stays the same," said Penn, who is also an economics associate professor for MTSU. "These models they use assume that all sources are fully employed to begin with, but we clearly know that's not the case right now. So that brings down the multiplier a lot."For its part, the accused at Younger Associates say they've got the government backing them up.
"The analysis is based on the U.S. Bureau of Economic Analysis multipliers. They are specific to Rutherford County and they are specific to the automotive industry. They are reflective of the past performance of automotive operations in Rutherford County."
Nov 12, 2009 1:32 PM
From the Real Estate Channel:
Josh Tarkow, associate, negotiated the purchase of three industrial buildings totaling 12,731sf on a 6.3 acre site in Tampa for $1.213 Million.Tarkow negotiated the on behalf Nashville-based Hayes Pipe Supply who purchased the property at 9416 E. Martin Luther King Jr. Blvd. for its new branch facility. Hayes has eight locations in the US. Rockdale Pipeline of Conyers, Ga. is the seller.
Nov 11, 2009 7:29 AM
There are glimpses of long-term hope for survivors of the auto supplier shakeout [From our print edition featured in Monday's City Paper]
Nov 8, 2009 11:21 AM
Third-quarter losses at Franklin-based Noranda Aluminum hit the middle of its previously projected range, coming in at $4.3 million. The company also bought back more than $80 million in debt during the quarter, pushing its year-to-date total in that deparment to almost $300 million.
Nov 6, 2009 2:11 PM
Shares of Louisiana-Pacific (Ticker: LPX) are basking in the afterglow of analyst praise and have extended the strong run that was cut short yesterday. Heading into the close, they're up more than 17 percent. Why O'Charley's is up about the same amount is more of a puzzle. Yes, many industry players are having good days, but this Dow Jones chart shows Nashville-based O'Charley's (Ticker: CHUX) is outpacting them by a factor of two to one.
Nov 5, 2009 2:57 PM