Company News

GM, Ford, Chrysler Report Sales Increases for July

YOUNGSTOWN, Ohio – The three American auto manufacturers all report an increase in year-over-year sales for July. General Motors Co. reports sales rose 6.4% last month over July 2014 with 272,512 vehicles sold. The Chevy Cruze, built at GM’s Lordstown complex, saw sales rebound after several months of decline with a 2% gain in July; […]

Armstrong Evolves, Reinvests as Cable Industry Changes

BUTLER, Pa. – Think of the Internet as one giant highway that every second becomes more congested. Voice data, mobile devices, the need of large and small businesses to transmit sizeable packets of information from one place to another at lighting speed: All have transformed the communications industry over the past decade. And among those […]

Ampco-Pittsburgh Loses $520,000 in Second Quarter

YOUNGSTOWN, Ohio – Ampco-Pittsburgh Corp., the Pittsburgh company that last week acquired the former Alloys Unlimited & Processing Inc. in Mineral Ridge (READ STORY), says it lost $520,000 in the second quarter, or 5 cents per share, compared to income of $1.1 million, 11 cents per share, in the prior-year quarter. For the first six […]

Vallourec Loses $217M in 2Q, More Losses Ahead

YOUNGSTOWN, Ohio – Vallourec, the French company that operates the huge pipe and threading mills here, says it lost 199 million euros, or $217 million, in the second quarter, and its CEO expects 2015’s full results to reflect the “worst-case scenario.” Vallourec eliminated 1,600 jobs worldwide during the first half of the year, including “60 […]

Avers Responds to Stories about Youngstown Thermal

YOUNGSTOWN, Ohio – The CEO of Youngstown Thermal LLC, Carl E. Avers, offers “some perspective” on this week’s three-part series of reports on his company. In a letter to the publisher of The Business Journal, Andrea Wood, who researched and wrote the reports, Avers says, “It is my vision that the community will come together […]

Ampco-Pittsburgh Buys Alloys Unlimited & Processing

MINERAL RIDGE, Ohio – Alloys Unlimited & Processing Inc., a specialty tool distributor based here, has been acquired by Ampco-Pittsburgh Corp. Ampco, based in Pittsburgh, announced the acquisition Wednesday. Terms were not disclosed. Alloys Unlimited operates its 88,000-square-foot distribution center here at 3714 Union St. The company president, Gregory J. Nackino Jr., was in meetings […]

Carney McNicholas Completes Mission in Africa

By Anna Carney YOUNGSTOWN, Ohio – In May, Carney McNicholas Inc. completed the third phase of its installation of equipment at Camp Lemonnier in Djibouti on the Horn of Africa, less than two years after we first set foot in that country. Our first project involved the transportation and installation of 22 40-foot overseas containers […]

YSU to Borrow $16M to Build Its Own Steam Plant

YOUNGSTOWN, Ohio – Youngstown State University is borrowing $16 million to build its own steam plant, estimating it will save the university $2 million annually in heating costs as it ends its relationship with Youngstown Thermal LLC. The project “will be revenue-neutral in Year One,” says Neal McNally, YSU vice president of finance and business […]

Soap Gallery to Offer New Venue for Artists

YOUNGSTOWN, Ohio – The Soap Gallery, a new for-profit fine art gallery, will open in October at 117 S. Champion St., in the building formerly occupied by the Purple Cat. The Soap Gallery’s majority owners are Stephen Poullas and Daniel Rauschenbach; Chris Yambar and Sarra M. Mohn are minority owners of the venture. “We want […]

‘Coaches’ Wants to Be Where Players Meet

POLAND, Ohio – With the opening of Coaches Burger Bar at Five Points, Patrick Howlett and Stacy Sam have tried to bring the taste and feel of a big city burger restaurant to the Mahoning Valley The co-owners, Howlett and Sam, cut the ribbon to officially open their 3,000-square-foot restaurant on Springfield Road Monday morning. […]


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