Thursday, January 31, 2013
LITTLE ROCK — Timber firm to add jobs, shift in Bearden
Anthony Timberlands Inc. plans to add 65 jobs for a second shift at its sawmill in Bearden, the company announced Wednesday.
The second shift is scheduled to start Monday, a news release said. The additional jobs will increase the number of employees at the mill to 175.
Steven Anthony, President of Anthony Timberlands said a loss of production capacity in the timber industry and a backlog of unharvested timber has allowed the company to add the second shift.
“When the market collapsed, our raw material (standing timber and delivered logs) cost remained high for a period of years, making efficient multi-shift operation impossible,” Anthony said in the news release.
Anthony Timberlands also operates a sawmill in Malvern and a hardwood sawmill in Clark County near Gurdon. The company also manages a lumber treatment plant in Hope and a hardwood laminating and timber mat plant in Sheridan.
Tyson Foods Inc. of Springdale will hold its first-quarter 2013 earnings call and its annual shareholders meeting today.
The earnings call is scheduled for 8 a.m., followed by the shareholders meeting at 10 a.m.
The earnings call can be accessed by calling (888) 455-8283, pass code Tyson Foods. A telephone replay will be available about one hour after the call through March 1. The replay number is (866) 489-8051.
The call also will be webcast live and for replay at ir.tyson.com.
Tyson’s shareholders meeting will be webcast live and for replay at the same Web address. Audio of the meeting can be heard live by calling (888) 455-3619.
-Steve Painter Arkansas Index falls as 12 stocks decline
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 1.86 to 260.59 Wednesday.
“U.S. stocks moved lower on Wednesday after an unexpected contraction in fourth quarter gross domestic product,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. “The Arkansas Index went down as 12 stocks declined and four advanced.”
USA Truck jumped 17.9 percent on seven times its average volume.
Volume for the index was 27.7 million shares, compared with average daily volume of 22.9 million shares.
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 27 on 01/31/2013