The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Thursday, June 7th, 2007
Posted by John Gillie @ 02:53:00 pm

An Ohio-based truck parts manufacturer is closing its Tacoma and Seattle operations and laying off 115 workers.

Commercial Vehicle Group said the company will complete the shutdown by the end of the year and transfer activities to other United States plants.

The facilities produce interior trim items for heavy-duty trucks and boats. CVG spokesman John Hyre said 113 workers are employed at the Seattle plant at 701 S. Orchard St. and two are employed in the Tacoma warehouse at 401 Alexander Ave. on the Tideflats.

"The decision to close the Seattle (and Tacoma) operation was not easy," said Jerry Armstrong, president of CVG Global Truck. "We have contacted the employees as well as government and community leaders to explain the situation and why this step is necessary.

Hyre said the company has acquired several other operations in the last two years, and the closure is related to an effort to optimize the company's operations and make the best use of all its facilities.

The company said the cost of the shutdown will be about $3.2 million. CVG expects annual savings of $1.9 million beginning in 2008 from the realignment of facilities.

Posted by Marce Edwards @ 12:55:24 pm

Weyerhaeuser Co. announced today it has agreed to sell its veneer factory in Elma to Murphy Co. of Eugene, Ore.

“We are pleased to reach mutually agreeable terms with Murphy Company” said Cathy Slater, vice president of Weyerhaeuser’s veneer technologies. “Our dedicated associates continue to safely operate the mill and meet our customer needs. We anticipate that the sale will be completed within the next 45 days.”

Terms weren’t disclosed. The facility, which has 60 workers, can produce 165 million square feet a year of 3/8-inch green and dry veneer.

Murphy Co. is a forest products company producing plywood and veneer. It recently announced it would start up an engineered wood facility in Sutherlin, Ore. this fall.

Categories: General
Posted by John Gillie @ 07:32:51 am

Indian gaming revenues in the Northwest rose nearly 14 percent last year to $2.08 billion, a report from the National Indian Gaming Commission says.

The region's tribal gambling revenue increase mirrored the national figures for Indian gaming results. Nationwide, total tribal gaming operations brought in $25.1 billion in 2006, up more than 11 percent from 2005.

The commission, which oversees tribal gaming operations, doesn't break down results by state or by tribe, but rather by region. The commission's Region 1, Alaska, Idaho, Oregon and Washington, reported revenues of $2,080,337,000 from 45 operations in 2006. That's a 13.7 percent increase over $1.829 billion in revenues from 49 operations in 2005.

Nationwide, tribal gambling took in the most money, $7.67 billion, in the commission's Region II, California and Northern Nevada.

The highest growth region was Kansas, Oklahoma and Texas where 92 operations took in $2.12 billion, up 22.7 percent from the year before.

"The continued growth is eye-opening considering the tribal gaming industry is still relatively young," said Phil Hogen, the commission's chairman.

The non-Indian commercial gaming industry remains slighty larger than the Indian industry with revenues of $32.4 billion last year, according to the American Gaming Association. That non-Indian industry, however, grew more slowly, up 6.8 percent, than tribal operations last year.

Tribal gaming revenues

Categories: General
Posted by John Gillie @ 07:13:04 am

Boeing's new product rollouts are an experience to behold. Part Disney, part Fourth of July parade, part Hollywood premiere.

And since Boeing doesn't want anyone to miss the debut of its 787 Dreamliner, it's outdoing itself for the auspicious July 8 (7-8-07) unveiling of the first example of what has become the most successful product Boeing has yet to produce.

Consider:

The company and the Seahawks will be holding a televised coming-out party for the 787 at Qwest Field. Boeing's 60,000-plus Washington employees have been invited as well as retirees and one guest per invitee. Seats are limited to 50,000, so reply soon.

A more exclusive group, airline customers and aviation journalists from around the world as well as key 787 workers will get to see the rollout (or roll-in as it more accurately should be called) first-hand. The painted first plane will be staged outside Boeing's Everett plant, and the giant doors will be rolled away to reveal the plane to the dignitaries inside.

The ceremonies will be broadcast both internally to other Boeing and supplier sites and to the public at large on DirectTV Channel 576 and DishNetwork, channel 9601.

The rollout is scheduled for mid-afternoon with the pre-rollout program starting a 3 p.m.

Categories: Aerospace