Regional Roundup – October 2016

Posted on Oct 3, 2016 :: Up Front
Posted by , Insight on Business Staff Writer

» Interstate 41 Corridor

Shipments increase through port of Green Bay

Demand for cement and limestone boosted August shipping volumes at the Port of Green Bay by nearly 18 percent above the same month in 2015.

This past August, more than 258,000 tons of cargo passed through the port. The total tonnage for August of 2015 was slightly more than 221,000.

“Cement and limestone were our largest imports in August,” says Dean Haen, Brown County Port and Resource Recovery director. “When we look at the year up to this point, salt has also been another big import; its numbers are up by 40 percent from last year.”

The July 2016 tonnage report showed overall numbers year to date down by 15 percent. With a strong performance in July and August, that gap has been decreased to 9 percent compared to the same timeframe in 2015.

Fluctuations are not uncommon, Haen says, since many factors outside the port’s control can affect the shipping season.

“While there are some predictable patterns in the shipping industry, nothing is set in stone,” he says. “There’s always going to be a lot of variance when we look ahead because of business needs, economic trends and, of course, the weather, which dictates how early and late a shipping season will run.”

Student housing options open for FVTC

Tech Village, a housing complex designed and built to support students attending Fox Valley Technical College, opened with the start of the semester and is filling rapidly.

The complex is located at 15 Tri-Park Way, Appleton, across Bluemound Drive from FVTC’s main campus building. Tech Village is a new community designed to meet the needs of today’s tech college students. Key building features include high speed data delivered via fiber throughout the building and gathering spaces to foster social interaction, group study and relaxation. The apartments are fully furnished with Internet, Wi-Fi, cable TV, and all utilities, in addition to flooring and new furniture made from recycled materials.

“Students at Fox Valley Technical College now have another out-of-classroom learning experience to complement their technical education,” says Shannon Gerke-Corrigan, manager of Student Life
at FVTC.

“Tech Village provides opportunities for students to build meaningful relationships with peers from all over the world while immersing in social and civic activities as part of our expanded campus.”

The building is professionally managed and staffed by a full-time community manager and four resident assistants. Through an affiliation agreement with FVTC, Tech Village will offer a variety of student life programs designed to give students a broad exposure to cultural enrichment and instructional activities.

The tenant mix will be composed of students from the Fox Valley, throughout the state of Wisconsin, out of state, and numerous countries around the world.

DeLeers Construction began work on the 275-bed project in September 2015 and completed it at the end of July.

Menasha Corp. opens new headquarters in Neenah

Menasha Corporation marked more than 150 years of commitment to Northeast Wisconsin with the formal opening of its new headquarters in Neenah.

The 102,000-square-foot facility replaces the corporation’s previous, 50-year-old headquarters at 1645 Bergstrom Road and will house more than 200 employees. In addition to its corporate offices, the new facility houses offices for Menasha Corporation’s subsidiary, Menasha Packaging Company. Included in the facility is Menasha Packaging Company’s Retail Integration Institute, a replica retail store and customer collaboration space.

Menasha Corporation, with operations in North America, Europe and Asia, has been headquartered in Northeast Wisconsin for 167 years.

“We are pleased that our long history in the Fox Valley area of Wisconsin will continue with our new facility and headquarters,” says Jim Kotek, president and CEO of Menasha Corporation. “Our new building reflects the innovative, collaborative spirit of our employees, and it’s pleasing for all of us to be able to offer a work environment that is more spacious and more conducive to how we interact with and work with our fellow employees, customers and suppliers.”

» West Central

Schutt Industries wins trailer contract

Clintonville-based Schutt Industries will share a $187 million contract award with Load King of South Dakota to build 1,350 semitrailers for the U.S. military.

Schutt’s share is more than $44 million for the multi-year contract to build light tactical trailers. The company has been producing the LTTs since 2002, and will construct several variants of the trailer, including an Army heavy chassis, a Marine Corps chassis integration kit and an Advanced Medium Mobile Power Source integration kit. 

The estimated contract completion date is June 2020.

The LTT is designed to transport payloads over primary, secondary and cross-country roads and is HMMWV towable.  The generator-ready models supply power to command centers, field hospitals and programs such as the Striker Brigade Combat Team Tactical Operations Centers, the Sentinel and Patriot Air Defense Systems.

“We are honored and excited for this opportunity to support our servicemen and women with the highest quality of off-road vehicles,” says Schutt Industries General Manager Terry Lamberies.

» The Lakeshore

Wall Street bell tolls for County Bancorp

Founders of County Bancorp, Inc. celebrated a string of recent successes by ringing the closing bell at the conclusion of the day’s trading on the Nasdaq MarketSite in New York.

County Bancorp is the parent company for Investors Community Bank, and both are headquartered in Manitowoc. Bill Censky, Wayne Mueller, Mark Binversie and Tim Schneider rang the closing bell for the Sept. 13 trading session.

“We were honored to be able to participate,” says Schneider, president of County Bancorp and CEO of Investors Community Bank. “I am proud of what we have accomplished for our customers, employees and shareholders, excelling in a highly competitive market while remaining committed to our core values.”

County Bancorp, Inc. became a public company, traded on the Nasdaq Global Market, in January 2015. Some of the bank’s recent milestones include: completing a merger with Fox River Valley Bancorp, Inc., the holding company for The Business Bank; being named Wisconsin’s Top Lender with the Most 504 Loan Participations by the Small Business Administration; being named one of the Top 200 Publicly Traded Community Banks and Thrifts by American Banker magazine; and being recognized by Independent Community Bankers of America as a Top 50 Overall Loan Producer and Top 25 Agriculture Loan Producer.

» The Northwoods

Future USS Wichita launched by Marinette Marine

Fincantieri Marinette Marine celebrated the launch of its seventh Littoral Combat Ship as part of the Lockheed Martin-led group building the ships for the U.S. Navy.

The future USS Wichita was launched into the Menominee River at the Marinette Marine shipyard last month. The ship will undergo additional outfitting and testing before its anticipated delivery next year.

The Lockheed Martin-led industry team is currently in full-rate production of the Freedom-variant, with six ships under construction at Fincantieri Marinette Marine and three more in long-lead material procurement.

“Fincantieri Marinette Marine is proud to christen and launch another Freedom-variant warship that will enable our Navy to carry out its missions where and when needed,” says Jan Allman, Fincantieri Marinette Marine president and CEO. “We continue to optimize our production processes and leverage the craftsmanship and skills of our employees to produce these high quality vessels for our sailors.”

LCS 13 will be the third U.S. Navy ship named USS Wichita. Previous ships to bear the name included a World War II heavy cruiser (CA-45) and a Wichita-class Replenishment Oiler (AOR-1).