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Briefly.


Byline: The Register-Guard

Local factory changes hands

in European European

emanating from or pertaining to Europe.


European bat lyssavirus
see lyssavirus.

European beech tree
fagussylvaticus.

European blastomycosis
see cryptococcosis.
 conglomerate conglomerate, in business
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company.
 deal

As part of a $822 million European transaction, a small Eugene manufacturing company has changed hands. Orkot Composites, which makes polymer bearings for aerospace and other industries at its 2535 Prairie prairie

Level or rolling grassland, especially that found in central North America. Decreasing amounts of rainfall, from 40 in. (100 cm) at the forested eastern edge to less than 12 in.
 Road factory, is now owned by Swedish conglomerate Trelleborg AB Trelleborg AB is a global industrial based in the town Trelleborg in southern Sweden, producing rubber products. It has a total of 22,000 employees worldwide.

The company develops high-performance solutions that damp, seal and protect in demanding industrial environments,
. Trelleborg bought Orkot and a number of other precision seal firms from London-based Smiths Group PLC in the deal that closed Oct. 1.

Orkot, established in Eugene in 1990, has about 20 employees at its local factory. Under the large new owners, the Eugene factory may be able to boost sales, said Dan Gaskill, the plant's manager. Orkot is a tiny unit of 21,000-employee Trelleborg, and the conglomerate is unlikely to tinker much with Orkot's operations, Gaskill added.

With annual sales of about $2.9 billion, Trelleborg said it bought the seal firms because they fit well with Trelleborg's automotive businesses. Smiths said it sold the seal firms in order to focus on medical and defense work.

Orkot was founded in England in 1952, and the owners picked Eugene to start up a U.S. factory, Gaskill said.

REGION

Food service industry likely to lead job growth, state predicts

SALEM - Restaurants will have the most job openings of all businesses in Oregon Oregon, city, United States
Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products.
 in the next nine years, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 new projections by the state Employment Department.

There will be at least 80,000 openings in food preparation and serving, and another 50,000 job openings in other service industries, the state said in a report released Tuesday. The job openings include newly created jobs along with vacancies created when someone retires or otherwise leaves.

Retail salespeople sales·peo·ple  
pl.n.
Persons who are employed to sell merchandise in a store or in a designated territory.
, cashiers and registered nurses also are expected to be in demand, the department said.

All told, the state through 2012 will have a total of 220,000 "growth openings" - openings that occur due to net growth in employment - and 420,000 replacement job openings - openings caused when workers leave - the state said.

The projected growth is good news for a state with a high jobless job·less  
adj.
1. Having no job.

2. Of or relating to those who have no jobs.

n. (used with a pl. verb)
Unemployed people considered as a group. Used with the.
 rate, the department said. However, the projected 13.6 percent growth rate in new jobs is less than the previous decade, when 300,000 jobs were added, for a 24 percent gain.

For a copy of the report, visit the Publications page at www.QualityInfo.org.
COPYRIGHT 2003 The Register Guard
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Metro; Business
Publication:The Register-Guard (Eugene, OR)
Geographic Code:4EUUK
Date:Oct 8, 2003
Words:390
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