Business in brief: Kaiser to supply Bombardier
Kaiser Aluminum Corp. has signed a five-year contract to supply aircraft-maker Bombardier Aerospace Corp.
The deal equates to more business for Kaiser’s Trentwood rolling mill in Spokane Valley, where the company is investing about $105 million in an expansion plan to boost production of aluminum sheet and plate.
Financial terms of the contract were not disclosed Tuesday.
Bombardier is a longtime customer of Kaiser, and this new business deal is the latest in a line of aircraft makers, including Boeing and Airbus, that Kaiser has new contracts with.
The company emerged from Chapter 11 bankruptcy protection last summer with a clean balance sheet and a fresh start. It has 11 factories and about 2,000 employees, including more than 700 at the Trentwood plant.
Kaiser is set to announce its fourth quarter and year-end financial results today.
The company’s stock price rose $2.57 a share in light trading Tuesday to close at $69.59.
Post Falls
Netflix to open processing office
Netflix will open a small office in the Riverbend Commerce Park this spring to support its Spokane mail-sorting hub.
Netflix subscribers pay a monthly fee to watch rental DVDs of movies or TV shows. The titles are mailed to customers, watched, and returned. Netflix operates a mail-sorting hub at Spokane International Airport’s business park, which processes DVDS for North Idaho, Eastern Washington and Western Montana.
From Spokane, the DVDs are either mailed to new viewers or shipped to a California warehouse. Netflix is based in Los Gatos, Calif.
The Post Falls operation will collect DVDs and ship them to Spokane for processing, said Steve Swasey, Netflix’s director of corporate communications. He declined to give further details, saying the operation is for internal processing only. It will not be open to the public.
Boise
Poster’s buyers can get refund
Idaho companies that bought $20 posters from a Michigan firm calling itself the Idaho Food Service Compliance Center are entitled to refunds, according to Attorney General Lawrence Wasden.
The company, which also used the name Idaho Mandatory Poster Agency, falsely advertised that all food establishments in Idaho were required to purchase “approved hand-washing” posters in order to comply with new Idaho food codes. However, Idaho has no new food statutes related to hand-washing posters.
Under terms of a settlement, the Michigan firm will pay a refund to all Idaho businesses that purchased the $20 poster. The company will also pay the attorney general $10,000 in civil and investigative costs. The company did not admit to any liability.
Idaho companies that bought the posters should send a written refund request and the purchased posters to: Mandatory Poster Agency; ATTN: Idaho Refund Request; 5859 W. Saginaw Highway, Suite 343; Lansing, MI 48917.