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Companies in the News
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Georgia-born Solar Company Lands $500 million Europe Deal
Suniva will manufacture the cells in a new facility in Norcross. The company announced in June that it would move there from its current location in the Advance Technology Development Center, the Georgia Institute of Technology’s incubator in Midtown. The factory in Gwinnett County will create an estimated 100 jobs within its first year of operation, and company officials expect its initial line of solar cells to produce 32 megawatts of electricity capacity. The company projects that additional lines will produce 130 megawatts over the next two years. Suniva’s technology was developed by Ajeet Rohatgi in Georgia Tech’s University Center for Excellence in Photovoltaics. Through its products, the company seeks to mitigate the main impediments to widespread adoption of sun-derived energy sources: high cost and low efficiency. “As the solar industry looks to bring down costs and compete with conventional power, Suniva has built the team and the technology to execute on our vision of low-cost, high-efficiency solar energy,” said Suniva Chief Executive John Baumstark in a June press release. The Solon Group has subsidiaries in Austria, Germany, Italy, Switzerland and the U.S., employing 850 people.
EU Approves Delta-Northwest Merger
The commission, the executive branch of the European Union, said the all-stock transaction announced in April would not hamper airline competition in Europe. The merger must still be approved by stockholders in both companies and the U.S. Justice Department, which executives hope to complete by the end of 2008. The new airline will retain the Delta name be headquartered in Atlanta. advertisement
French Digital Video Company Acquires Atlanta Firm
Stradis is to be an independently operating subsidiary of VITEC. “We at VITEC have always been impressed with the reliability and performance of Stradis decoders,” said Philippe Wetzel, the company’s CEO and founder. He added that the acquisition is meant to combine the companies' complementary strengths. Art Nacht, Stradis’ managing director, said his company will benefit from the deal. “VITEC is providing Stradis with extensive (research and development) resources and 20 years of MPEG experience. This will enable Stradis to develop and deploy the next-generation video decoder platforms for serving media worldwide,” he said. VITEC, which has its U.S. office in Duluth, develops products to make video compatible with computers and the Internet and to produce DVDs. Stradis’ products are used to decode digital video in television broadcasts.
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Kia Plant’s First 28 Hourly Workers to Train in South Korea The LaGrange Daily News reported Aug. 7 that the first 28 hourly workers hired for Kia Motors Manufacturing Georgia plant in West Point started work this week, and some will leave Aug. 18 for equipment training in South Korea. The workers were selected through a competitive process earlier this year during which Kia received 43,000 job applications. The article said all of the new hires come from the area surrounding the plant, which will eventually hire some 2,500 employees. Kia expects to have 700 team members in place by the end of this year. The plant is slated to begin producing Sorento sport-utility vehicles in 2009. Twenty of the new hires will work in maintenance and eight in production. The maintenance workers will spend three weeks at Kia’s South Korea training facility to learn about equipment that will later be shipped to West Point. Production employees will follow after 80 hours of training in West Point, becoming the first in a massive flow of workers traveling to Korea in groups of 70, the article said. For the full story, click here.
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