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From Site Selection magazine, May 2004
 

 

NEWS

IAMC PEOPLE AND PROJECTS




   Eleven "project ready" sites covering some 900 acres (364 hectares) make up the certified portion of the new GIS-based portfolio of industrial properties to be found at OregonProspector.com, the new statewide industrial lands site launched in May by the Oregon Economic Development Association (OEDA), Pacific Power and the State of Oregon. Over the past three years, the OEDA has successfully partnered with the Oregon Economic and Community Development Dept. (OECDD) to implement a business recruitment campaign of which OregonProspector.com is a part. Jill Miles, CecD, national business development executive for OECDD, is an IAMC member.



   Boston, Mass.-based Iron Mountain Inc., a provider of outsourced records and information management services, has acquired the archive services business of IBM Deutschland GmbH subsidiary DISOS. The purchase includes nine records centers in Berlin, Stuttgart, Leipzig, Dresden and Erfurt. Anthony Ryan, vice president of Iron Mountain, and John Haydon, director of real estate, are both IAMC members.



   With help from the Nebraska Dept. of Economic Development and a $505,000 Community Development Block Grant, Philadelphia, Pa.-based Southwark Metal Manufacturing will create 30 jobs at a new facility in Fremont. An additional $3.63 million in capital from Southwark, the City of Fremont, the Nebraska Investment Finance Authority, Nebraska job training funds, and the city's local option sales tax fund will go toward the purchase of equipment, employee training and construction costs. Southwark employs 800 people at plants in Philadelphia; Indianapolis, Ind.; Piedmont, S.C., and Southaven, Miss. Dave Gilfillan, business development consultant with the Nebraska Department of Economic Development, is an IAMC member.
   A May 2004 release from the Greater Richmond Partnership's BioSynthesis program showcases Richmond, Va.-based engineering/contracting firm AdvanceTEC LLC, and points out how the firm helped IAMC member company Merck & Co. with a clean-room retrofit project to add a production line at its plant in Elkton, Va. While three other bidders all suggested installing a "penthouse" on top of the existing building, AdvanceTEC engineers figured a way to do it in the existing space. According to the company's managing partner and co-founder Tim Loughran, Merck was able to save both money and ramp-up time on the project. Joseph Milano, senior real estate associate with Merck & Co., is an IAMC member.



   Netherlands-based Philips Electronics NV and LG Electronics are continuing to invest in the massive liquid-crystal-display industry build-up (see the March 2004 issue of Site Selection, p. 150) by filing in Seoul to list their joint venture on the Korean and New York stock exchanges during the third quarter of 2004. The JV plans to use most of the $1 billion an IPO would raise to fund new factories. Already, it operates six factories in Gumi, South Korea, and has plans to spend $21 billion over the next 10 years on a complex near Seoul. Ralph Pirtle is director of real estate for Philips Electronics North America Corp.



   Dallas-based Mohr Partners has opened its 16th U.S. office, and has tabbed former United Systems Integrators senior vice president Gerard Picco as its managing director. "I have always respected Mohr Partners as a skillful competitor," said Picco, a 20-year industry veteran. Mohr has also formed a partnership with Arora & Associates in India, which has offices in New Delhi, Mumbai and Bangalore. Dina Boscardin, managing partner for Mohr Partners' Scottsdale, Ariz., office, is an IAMC member.
   Robert Cull, manager of North American real estate for French-German firm Aventis Pharmaceuticals, is a new IAMC member. Just as his name hit the membership rolls, his company's name hit the headlines, as Aventis accepted a takeover bid in late April 2004 from Paris-based company Sanofi-Synthelabo for $65.5 billion. The new company, called Sanofi-Aventis, will be the world's third-largest pharma company, after IAMC member company Pfizer and GlaxoSmithKline. Sanofi plans to sell a northern France manufacturing plant and its two blood thinner product lines to GlaxoSmithKline as part of the merger process, in order to satisfy European regulators.



   As part of its plan to cut its portfolio of oil and gas fields in the U.S. and Canada to a core of 400, ChevronTexaco in May 2004 sold assets across the eastern U.S., Permian Basin, mid-continent, South Texas and Rocky Mountain regions to Fort Worth, Texas-based XTO Energy for $1.1 billion. Meanwhile, even as annual production fell in 2003, the company continues to increase its production investments in China and in Kazakhstan. ChevronTexaco's first-quarter 2004 earnings came in well above expectations, driven mainly by refining earnings. IAMC member Dennis Triplitt is manager, projects and consulting, for ChevronTexaco Business and Real Estate Services.



   IAMC Member Ellie Chambers, economic development strategist for Spokane, Wash.-based Avista Corp., is now on loan to the Spokane Area Development Coouncil, and will serve the organization for at least the next year. Chambers also serves on the boards of the Washington State Economic Development Association and Inland Northwest Partners, and serves as vice president of the Oregon Economic Development Association.




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