LITTLE ROCK — Welspun names new head of LR division
Welspun Corp. has appointed David Delie as president of Welspun Tubular LLC in Little Rock.
Delie, a 30-year veteran of the steel industry, previously was with Berg Steel Pipe Corp. in Panama City, Fla. He will assume his duties in Little Rock beginning in January.
“I am excited to join Welspun Tubular,” Delie said in a prepared statement. “The company’s remarkable growth in the U.S. market is a credit to its outstanding workers in Arkansas.”
Welspun, headquartered in Bombay, India, announced earlier this year it will add 230 jobs and invest $30 million in its Little Rock plant, the firm’s first largediameter manufacturing location in North America.
With the expansion, Welspun will employ more than 600 people, more than doubling the work force at the plant since its opening in 2009.
Hospital aims to pay taxes with advance
The administrator of Medical Park Hospital in Hope said Tuesday that the facility’s parent company hopes to pay off a propertytax bill owed to Hempstead County through advance payments the company has made in a lease-purchase arrangement with the hospital’s former owners.
Terry Amstutz, the administrator, said that Shiloh Health Services of Louisville, Ky., is ahead by about $200,000 in payments to Signature Hospital Corp., the hospital’s previous owners. In ongoing discussions, Shiloh is asking Signature to redirect the money to cover its property taxes, Amstutz said. A call to Signature about the proposal was not immediately returned.
For 2009, the hospital owes Hempstead County more than $97,000, the Texarkana Gazette reported last week. Amstutz said he was unsure of the exact amount owed by Shiloh for periods before that, but $200,000 should cover Shiloh’s entire property-tax bill. Shiloh bought the 79-bed hospital in May 2008.
“We have really dedicated our funds to those things that really pertain to our employees, to getting medical supplies, to making sure that we’re making sure we’re taking care of the patients,” Amstutz said.
Arkansas Index slips 1.03 on sluggish day
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 1.03 to 188.47 Tuesday.
“U.S. stocks limped to a slight gain Tuesday after reports offered a mixed bag of earnings and economic data,” said Chris Harkins, senior vice president and managing director of Delta Trust Investments Inc. in LittleRock. “The Arkansas Index moved lower, as seven stocks moved higher and 10 declined.”
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 25 on 10/27/2010