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From Site Selection magazine, March 2004
NEWS
IAMC PEOPLE AND PROJECTS
Seeking to transform its Asia Pacific division's balance from 75 percent Australian to a fifty-fifty split with the rest of Asia in five years, Campbell Soup Co. is scouting out sites for a possible new Asian headquarters, according to U.K.-based international business research firm Oxford Intelligence. That 25-percent shift is a popular one with Campbell Arnott's division president, Walter Bugno, who recently told Australia's CEO Forum that the division aims to derive at least 25 percent of its revenue from products launched within the last three years. The division employs some 4,500, a figure expected to climb as the Asian market continues to drive profit growth. Also among the profit drivers is plant efficiency, Bugno told the magazine, citing a plant in New South Wales that received an award for reducing water usage by some 40 percent, while simultaneously increasing production by – you guessed it – 25 percent.
AMB Property Corp. is adding to its recently increased domestic airport-centric portfolio with an equally strong crop of overseas facilities. Following on its US$481-million purchase of 3.4 million sq. ft. (315,860 sq. m.) of properties near seven U.S. airports, the REIT announced in December 2003 its $108-million purchase of 1.3 million sq. ft. (120,770 sq. m.) of facilities near airports in Frankfurt, Madrid, Paris and Tokyo.
Kim Pearman-Gillman, senior vice president of Avista Development, a subsidiary of Avista Corp., was the recipient of Washington Gov. Gary Locke's 2003 Economic Development Award for Leadership.
While on loan from Avista to the City of Spokane, Pearman-Gillman established an economic development advisor position, a business and development ombudsman, a Brownfields Revolving Loan Fund and Brownfields Assessment Pilot, the Mayor's Office of Film, and the Innovation Economy entrepreneurial focus. She was also the founding CEO of INTEC, a community-wide work-force strategy that focused on creating living-wage jobs in the technology sector.
"Kim has an infectious passion for her work, our community and in building our region's capacity to grow," said Scott Morris, president of Avista Utilities and senior vice president of Avista Corp. Ellie Chambers, economic development strategist for Avista Corp., is an IAMC member.
PeopleSoft, whose corporate real estate director John Lucas is an IAMC active member, is doing its part on the service provider side as well. In November 2003, it launched a new version of its Enterprise Supply Chain Management product. Among the highlights of its 50 enhancements: real-time analysis of throughput, inventory, quality and actual manufacturing costs; tracking of specific component parts within finished goods; and cross-docking functionality, enabling some orders to be fulfilled immediately without incurring stocking costs.
BASF's new vitamin B2 plant in Gunsan, Korea, came on stream on November 10, 2003. The 3,000 metric ton plant for feed and food grade vitamin B2 marks BASF's first facility in Korea which produces under the rules of Good Manufacturing Practice (GMP). Company spokesman Christian Bohme says it is part of a $760.7-million investment program for BASF's vitamin business that was started in July 2000.
Chicago-based RR Donnelley & Sons, founded by a Canadian, will acquire Mississauga, Ont.-based form and label printer Moore Wallace for US$2.8 billion in stock. The combined companies, to be led by Moore Wallace CEO Mark A. Angelson from a Chicago base of operations, will employ some 50,000 in the generation of around $8 billion in combined annual revenue. Savings of as much as $100 million are expected to accrete to the new company within the first two years.
In mid-December 2003, business climate leader North Carolina landed another big fish: Merck & Co. will build a new plant in Research Triangle Park that is expected to bring up to a $300-million investment and up to 300 jobs. To cinch both this deal and 800 jobs at tobacco giant R. J. Reynolds' Winston-Salem operations, Gov. Mike Easley signed into law some $36 million in incentives.
Nashville-based Gresham, Smith and Partners heads a team selected by the Tennessee Dept. of Transportation to design an intelligent transportation system for major state and federal highways and bridges in the Memphis metro. The project, expected to be complete in 2007, will cover 86 miles (138 km.) of road in both Tennessee and Arkansas. George Dillard, principal of Gresham, Smith and Partners, is an IAMC member.
Masco Corp.'s U.K subsidiary Duraflex, a manufacturer of PVC window and door moldings, will consolidate three operations in the towns of Cheltenham, Quedgley and Toddington into one complex when it opens a new 290,635-sq.-ft. (27,000-sq.m.) headquarters complex at the Tewkesbury Business Park in Gloucesterchire in June 2004. According to property consultant Wakemans, the facility will bring together manufacturing, logistics and administrative functions.
AMB Property Corp. is adding to its recently increased domestic airport-centric portfolio with an equally strong crop of overseas facilities. Following on its US$481-million purchase of 3.4 million sq. ft. (315,860 sq. m.) of properties near seven U.S. airports, the REIT announced in December 2003 its $108-million purchase of 1.3 million sq. ft. (120,770 sq. m.) of facilities near airports in Frankfurt, Madrid, Paris and Tokyo.
Kim Pearman-Gillman, senior vice president of Avista Development, a subsidiary of Avista Corp., was the recipient of Washington Gov. Gary Locke's 2003 Economic Development Award for Leadership.
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While on loan from Avista to the City of Spokane, Pearman-Gillman established an economic development advisor position, a business and development ombudsman, a Brownfields Revolving Loan Fund and Brownfields Assessment Pilot, the Mayor's Office of Film, and the Innovation Economy entrepreneurial focus. She was also the founding CEO of INTEC, a community-wide work-force strategy that focused on creating living-wage jobs in the technology sector.
"Kim has an infectious passion for her work, our community and in building our region's capacity to grow," said Scott Morris, president of Avista Utilities and senior vice president of Avista Corp. Ellie Chambers, economic development strategist for Avista Corp., is an IAMC member.
PeopleSoft, whose corporate real estate director John Lucas is an IAMC active member, is doing its part on the service provider side as well. In November 2003, it launched a new version of its Enterprise Supply Chain Management product. Among the highlights of its 50 enhancements: real-time analysis of throughput, inventory, quality and actual manufacturing costs; tracking of specific component parts within finished goods; and cross-docking functionality, enabling some orders to be fulfilled immediately without incurring stocking costs.
BASF's new vitamin B2 plant in Gunsan, Korea, came on stream on November 10, 2003. The 3,000 metric ton plant for feed and food grade vitamin B2 marks BASF's first facility in Korea which produces under the rules of Good Manufacturing Practice (GMP). Company spokesman Christian Bohme says it is part of a $760.7-million investment program for BASF's vitamin business that was started in July 2000.
Chicago-based RR Donnelley & Sons, founded by a Canadian, will acquire Mississauga, Ont.-based form and label printer Moore Wallace for US$2.8 billion in stock. The combined companies, to be led by Moore Wallace CEO Mark A. Angelson from a Chicago base of operations, will employ some 50,000 in the generation of around $8 billion in combined annual revenue. Savings of as much as $100 million are expected to accrete to the new company within the first two years.
In mid-December 2003, business climate leader North Carolina landed another big fish: Merck & Co. will build a new plant in Research Triangle Park that is expected to bring up to a $300-million investment and up to 300 jobs. To cinch both this deal and 800 jobs at tobacco giant R. J. Reynolds' Winston-Salem operations, Gov. Mike Easley signed into law some $36 million in incentives.
Nashville-based Gresham, Smith and Partners heads a team selected by the Tennessee Dept. of Transportation to design an intelligent transportation system for major state and federal highways and bridges in the Memphis metro. The project, expected to be complete in 2007, will cover 86 miles (138 km.) of road in both Tennessee and Arkansas. George Dillard, principal of Gresham, Smith and Partners, is an IAMC member.
Masco Corp.'s U.K subsidiary Duraflex, a manufacturer of PVC window and door moldings, will consolidate three operations in the towns of Cheltenham, Quedgley and Toddington into one complex when it opens a new 290,635-sq.-ft. (27,000-sq.m.) headquarters complex at the Tewkesbury Business Park in Gloucesterchire in June 2004. According to property consultant Wakemans, the facility will bring together manufacturing, logistics and administrative functions.