REGIONAL: Pork-processing facility coming to Albert Lea
Posted on Fri, Apr. 23, 2004
Quality Pork Processors and Hormel Foods plan to build and operate a 50,000-square-foot expanded pork-processing facility in Albert Lea, officials said Thursday. The boning and packaging facility, estimated to cost between $5 million and $6 million, will start with 100 employees and might employ 200 in the next two years, QPP President Kelly Wadding said. Austin, Minn.-based Hormel will build and own the facility. As the project is finalized, a timeline will be set for construction and operation. QPP is Austin’s second-largest employer behind Hormel, for which QPP processes pork products exclusively. Wadding stressed that the Albert Lea expansion would not take jobs away from nearby Austin.
Work at Toro plant in Mississippi ends
Production ends today at Bloomington-based Toro Co.’s Oxford, Miss., lawnmower engine plant. While the closure was originally set for Jan. 31, workers have continued making motors for the company’s Snowthrower products through the winter. Officials said, however, as product orders end, 58 people will be laid off today, following a round of 26 workers earlier this month. A remaining 26 people will stay at the plant as it is phased out over the next six to eight weeks. Toro last June said it would close the plant because of an environmental ban on the type of engines made in Oxford.
Midway energy plant to be discussed
An invited group of business and community leaders will meet Saturday in St. Paul to study the feasibility of building a new energy plant in St. Paul’s Midway industrial area. A panel of energy and eco-industrial experts will lead the workshop to be held at Goodwill Easter Seals, 553 N. Fairview Ave. Packaging maker Rock-Tenn Co., the Midway’s largest industrial employer and a sponsor of the workshop, is considering building the new energy plant because it may lose its source of steam when the High Bridge coal plant is converted to natural gas in 2007. Invitees should RSVP to University UNITED at 651-647-6711.
Minnetonka-based Snyder’s Drug Stores Inc. said Thursday that it has successfully completed its Chapter 11 financial restructuring.
Insider trades: Company: Canterbury Park Holding Corp: Michael Garin, vice president, sold 1,600 shares April 20 at $19.51 per share; option related; holds 20,177 shares.
Image Sensing Systems Inc.: Betty Papapanou, beneficial owner, sold 20,000 shares April 19 at $13.00-$13.25 per share; holds 352,310 shares.
Lawson Software Inc.: Dean Hager, vice president, sold 6,835 shares April 19 at $8.25 per share; holds 7,148 shares.
RTW Inc.: David Prosser, director and beneficial owner, sold 11,000 shares April 16-19 at $6.63-$6.75 per share; holds 780,665 shares.
Trading of company stock reported to the Securities and Exchange Commission, according to Bloomberg News; holdings include only common shares owned and do not include stock warrants or options.