From the notebook of business editor Tim Rausch

Industry service company lands contract with Caterpillar

A company that does a lot of work for Augusta’s industrial base will also be working over at the new Caterpillar plant, which is under construction near Athens.

 

GreenWood is an industrial general contractor that provides operations and maintenance support for manufacturing companies in Augusta and elsewhere in the South.

 

They currently provide services for Solvay, NutraSweet, Elanco, International Flavors & Fragrances, Standard Aero, General Chemical and Olin.

 

GreenWood executives report that they’ve gotten a support contract for Caterpillar.

 

Caterpillar is spending $200 million to start a manufacturing plant that will make construction equipment. It will have equipment rolling off the lines in October and initially employ 800 people.

 

Account Executive Director Chip Scammon: “Caterpillar has entrusted GreenWood with an essential operative responsibility. We will provide outstanding, safety focused people, to create the efficiencies Caterpillar expects.”

 

GreenWood is headquartered in Greenville, S.C., but has executives that live in Augusta.

 

TWEETS: Scuttlebiz is also a Twitter handle.

 

Some of the @Scuttlebiz tweets that went out this week: 

  • International Paper paperboard mill in Augusta shuts down one of three machines Wednesday morning as previously announced. 
  • Augusta metro real estate agents sold 350 houses in January. The last time it was that high for a January was 2007. 
  • The sign on the side of the old Wolf Camera shop in Augusta Exchange still says coming soon for the vitamin shop moving in there. 
  • Reader tip: For Sale sign seen in front of Tri Chek Seeds in south Augusta.
  •  Construction project lead Web site indicates new Longhorn Steakhouse coming to Aiken near the mall.

 

$2,250,000,000: Georgia’s 228 state-based FDIC-insured banks earned $2.25 billion in 2012, reported the Georgia Bankers Association. That’s an increase of $1.7 billion from 2011.

 

“It’s good news for everyone – banks, business and consumers – to have industry-wide earnings growing for the second full year coming out of the downturn.

Georgia’s banks are on much firmer footing,” said the organization’s president, Joe Brannen.

 

Banks had fewer bad loans, charging off $789 million less in 2012. Deposits were up by $2.7 billion for the year.

 

And almost three quarters of the banks were profitable. Only 60 percent of the banks turned a profit in 2011.

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