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Companies in the News
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German Company to Open $4 Million Production Facility
BEKO will spend $4 million in renovating a 50,000-square-foot facility in Fulton County, which should fully operational by August. As the company considered consolidating an existing production facility in Oregon with BEKO Technologies Corp., Atlanta stood out as favorable spot for the combined operation. “We were on the search for a new location, a place where BEKO and its employees would truly feel at home, and Atlanta, Ga., in the heart of the South, offered us all that we were looking for,” said Tilo Fruth, general manager of Neuss, Germany-based BEKO Technologies GmbH. The Atlanta production department will be the third of the company’s international production facilities. Others are located in Neuss and Bowenpally, India. Further expansion could to bring as many as 55 more jobs to Georgia. Visit www.beko.de. Global IT Company to Base Southeast HQ in Atlanta
The Atlanta-area location is to create 100 jobs over the next three years and will be the company’s fourth U.S. office, adding to operations in Boston, Chicago and Detroit. Ben Hendrick, Onward’s senior vice president for the Americas, said that the Southeast’s rapid growth and Atlanta’s global access via the Hartsfield-Jackson Atlanta International Airport drew the company to the area. The company also has offices in Germany, Japan, the U.K. and the United Arab Emirates.
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Airport Parking Company Offers Corporate Discounts
WallyPark ATL, the College Park branch of Los Angeles-based airport parking company WallyPark, provides a variety of incentives to encourage company enrollment in its Corporate Account Program. Company's receive discounted parking rates based on their travel volume and get one day of parking free for every seven days purchased. WallyPark ATL’s standard services include a shuttle to Hartsfield-Jackson Atlanta International Airport departing every five minutes, free coffee, bottled water and a complimentary copy of the USA Today newspaper. Normal rates are $9 per day for uncovered and $13 per day for covered parking. WallyPark also has operations at Denver International Airport, Los Angeles International Airport, Philadelphia International Airport and Seattle Tacoma Airport. For more information about corporate rates, e-mail Sara Lane at slane@wallypark.com or call (404) 763-9990.
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Peachtree City Company Takes Home Export Award
Label Vision Systems Inc., which manufactures and sells electronic systems that visually monitor data to ensure print quality on barcodes and other labels, won in the business services category. The awards were distributed by ThinkGlobal Inc., publisher of Commercial News USA, a magazine with 400,000 readers in 176 countries. Label Visions began exporting in 2004, nearly 30 years after its founding in 1976. Despite that time lapse, Label Visions has hit international markets in full force in the last few years, posting a 223 percent increase in export sales from 2005 to about $730,000 in 2006. Exports now represent 39 percent of total sales, and the company reaches markets in the Americas, Asia, and Europe through distributor networks in Europe and China. Tim Lydell, the company’s CEO, said that selling its technology abroad provides new market access and insulates the company from economic downturns in the U.S. “Exporting offers LVS a wider market place for this specialized product as well as some protection from negative economic cycle fluctuation in one geographic market,” he said. Gregory Sandler, publisher of Commercial News USA, said that with 95 percent of markets outside the U.S., there’s no time like the present for U.S. companies of all sizes to export their products. “Current economic conditions—particularly the low value of the dollar—have made American products very appealing to foreign buyers,” he said. The export awards were distributed based on a company’s total export deals in 2006, percentage increase in sales from 2005 to 2006, exports as a percentage of total sales, commitment to exporting, customer service and level of product innovation. Visit www.exporteroftheyear.com.
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