Saturday, April 18, 1998
One of the many automobile parts companies that popped up in Kentucky after the opening of Toyota Motor Manufacturing Co. is expanding again in Georgetown.
Toyota Tsusho America will add about 85 jobs to its 240-member work force by consolidating operations of its Midwest region. Company and Kentucky officials said it will build a 100,000-square-foot logistics and operations center and a 202,000-square-foot warehousing center.
In addition, ARK Inc., a subsidiary and provider of waste handling, recycling and maintenance services, will build a 20,000-square-foot maintenance center.
NCR to make offer on rest of NCR Japan
Dayton, Ohio-based NCR Corp. will offer $304 million to buy the 30 percent of NCR Japan Ltd. that it doesn't already own. NCR's move is in line with a change in strategy to divide global operations by product rather than by country. The parent decided on the purchase while it had cash from its divestiture from AT&T, said Arnaldo F. Galassi, representative president of NCR Holdings, NCR's other Japanese business that will buy the NCR Japan shares starting Monday.
NCR Japan is NCR's largest subsidiary, with 1997 revenue of $891 million.
NCR shares rose $1.06 1/4 to $33 Friday.
Marathon-Ashland refinery at 89% after fire
Marathon-Ashland Petroleum's Catlettsburg, Ky., refinery was operating at 89 percent of capacity Friday, two days after a fire struck a unit that processes crude oil.
The 220,000-barrel-a-day refinery is processing 195,000 barrels of oil a day, Chuck Rice, a spokesman for Marathon-Ashland, said.
Cause of the fire, which occurred Wednesday night in a vacuum tower, and the extent of damage still are under investigation, Mr. Rice said. The company has no estimate on how long repairs will take, though it doesn't expect problems meeting supply commitments.
GTE Wireless names manager, adds services
GTE Wireless, Cincinnati's first Personal Communications Services provider, has a new general manager and a couple of new services. Ralph Martinez, general manager for GTE Wireless business sales in the Midwest, has been named GM for the Cincinnati and Dayton markets. He succeeds Ricky Tucker, named general manager for retail sales for GTE Wireless in the Midwest.
GTE Wireless is also rolling out roaming capability to 130 cities across the nation. The service means that GTE Wireless customers can use their phones in markets outside those where it provides service.
To receive the free Metro Roaming upgrade, customers have to return their phones to a GTE Wireless store.
GTE is also introducing a text-messaging service that allows customers to receive messages on their phones of up to 120 characters from the Internet.
Dayton's King Cole restaurant will close
The King Cole, which became one of Dayton, Ohio's most historic and elegant restaurants, will serve its last meal next month.
The King Cole will close May 16 and be replaced by another fine-dining restaurant two days later, King Cole owner Bruce Comisar said. Mr. Comisar said he has not decided whether to reopen the King Cole elsewhere or open another restaurant. It was founded in 1928 by Mr. Comisar's father, Max Comisar.