Irving

Commercial Metals Co. Appoints Industry Veteran as New President

by | Feb 17, 2023

As part of its succession plan, Irving-based Commercial Metals Co. has appointed Peter R. Matt as president, effective April 1. He succeeds Barbara R. Smith who will remain chairman and CEO of the company.

Matt will continue to serve on the company’s board, which he joined in June 2020.

“We have every confidence in Peter as he takes on the role and responsibilities of president, and his appointment is part of the company’s succession plan,” Smith said in a statement....

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Commercial Metals Co. Adds Industry Veteran to its Board of Directors.
by | Feb 16, 2023

Robert S. Wetherbee has been appointed to the board of directors of Irving-based Commercial Metals Co., effective March 21, bringing more than 40 years of professional experience to the company’s board....

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Report: ‘Rich Renter’ Households in DFW Up as Much as 198% in Five Years
by | Feb 3, 2023
RentCafe said that while the number of high-income renters in Dallas rose by 74% and sits at 6% of the city's total renters between 2015 and 2020—peaking at 17,257— he number of high-income renters rose even more dramatically in other North Texas cities. Garland saw a rise of 198%, McKinney 186%, Plano 103%, and Frisco 93%. High-income renters in Frisco may look into places like the luxury Remy apartments (above), coming to Frisco Square in 2024.
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Hyosung Innovue: The ATM Maker Rebrands to Embrace a ‘Customer-Led Revolution’   
by | Jan 31, 2023
The Irving-based maker of ATM technology based its new "Innovue" branding on the words "Innovation + VIsion"—expressing Hyosung's goal of creating exciting new solutions, services, and experiences. "Nowhere in our new frame of reference will you find the words ATM, cash, retail, or banking," CMO Brad Nolan told Dallas Innovates. "We have opened the aperture and unshackled our employees to think big."
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[Image: Olivier Le Moal/istockphoto]

The Last Word: Vistra’s Sam Sen on the TXU Energy Connected Conservation Program

by | Jan 25, 2023
The new TXU Energy Connected Conservation program enables anyone with an eligible thermostat to take a more significant role in energy conservation. By agreeing to small, gradual, automatic temperature adjustments during peak consumption periods, customers will help conserve energy across Texas—using less and saving more.
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Caterpillar Adds Chief Sustainability Officer Role to Energy and Transportation Exec’s Scope
by | Dec 24, 2022
Lou Balmer-Millar will take on the role of chief sustainability officer at Caterpillar, succeeding Julie Lagacy who is retiring after 35 years with the company. In addition to her new position, Balmer-Millar will remain the senior vice president of the Large Power Systems Division within the Energy and Transportation segment.
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NEC Corp. Announces VP of Operations for Advanced Recognition Business
by | Dec 16, 2022

Irving-based NEC Corp. of America announced Carmelo Lisciotto has joined the company as Vice President of Operations for its Advanced Recognition Systems business.

A leading provider and integrator of advanced IT, communications, networking, and biometric solutions, NEC said that Lisciotto brings nearly 30 years of extensive experience in global IT operations, data analytics, public/private/hybrid cloud infrastructure, security, and DevOps to his new role....

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ExxonMobil Touts Corporate Plan That Includes $17B Lower Emissions Investment
by | Dec 8, 2022
In its newly released five-year plan, Irving-based ExxonMobil said that it has allocated roughly $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of almost 15%. Nearly 40% of these investments is directed toward building its lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
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Top stories on DAllas Innovates for Earth Day

[Illustration: bubaone_iStockphoto]

Report: Dallas, Plano Among Top U.S. Cities for Foreign Business Investment

by | Oct 14, 2022
In the inaugural 'Investing in America' report from the Financial Times and Nikkei, Dallas ranks No. 6 overall, and Plano ranks No. 13. Irving shines strongly in the report, too, ranking highly on several key data points. And looking only at workforce and talent, Plano comes in at No. 1 in the entire country. The report is timely: Just two weeks ago, EDC leaders from across North Texas were part of a TxEDC trade mission to London, Paris, and Frankfurt, Germany.
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Mirasol Capital Closes Deal for Wells Fargo Campus in Las Colinas, Plans Lakeside Mixed-Use Project Next Door
by | Oct 13, 2022
The massive Wells Fargo campus coming to Las Colinas' Northshore District is going to have company. Mirasol Capital, which closed the deal with Wells Fargo for the new campus, is planning a 17-acre mixed-use project right next door.

The banking giant's $455 million corporate campus will anchor Mirasol's broader vision for a "modern urban environment" on Lake Carolyn.
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Wells Fargo To Build a 22-Acre Corporate Campus in Irving, Creating 650 New Jobs
by | Oct 11, 2022
Governor Greg Abbott confirmed today that San Francisco-based Wells Fargo will build a new corporate campus in Irving's Las Colinas development. Based around two 400,000-square-foot towers, the campus will provide a home for Wells Fargo's 3,000 local employees, while creating 650 jobs. Dallas firm KDC has been tapped as developer.

The move is being aided by a $5 million "deal-closing" grant from the Texas Enterprise Fund, on top of $30 million in incentives approved by the Irving City Council in August.
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Vistra Corp. Seeks to Add 20 Years to Nuclear Power Plant’s Life with License Renewal
by | Oct 4, 2022

Comanche Peak Nuclear Power Plant has been generating nuclear electric power for more than 30 years, and this week Irving-based Vistra Corp. announced that it has applied for license renewals with Nuclear Regulatory Commission to keep the plant operating through 2053....

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relocation site selection

Illustration: Antoniokhr via iStock

Follow the Money: MLTPLY Makes Second Investment Since Launching Last Year, RumbleOn Finalizes $130M Acquisition of Fort Worth Powersport Dealer, and More

by | Feb 23, 2022
What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money.
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Irving-Based Biote to Be Listed on Nasdaq
by | Dec 13, 2021
Irving-based Biote, a medical practice-building business within the hormone optimization space, will be listed on Nasdaq through a business combination with Haymaker Acquisition Corp. III.

Biote—which will earn projected revenue of $136 million in 2021—trains practitioners to identify and treat early indicators of hormone-related aging conditions. The company then provides components that enable practitioners to establish, build, and successfully operate hormone optimization centers.
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DI People: Downtown Dallas Inc., Six Flags, Southwest Airlines, CASPR Group, and More Make Moves
by | Nov 19, 2021
In this week's roundup of hires and promotions in North Texas, you'll also find news from INTRUSION, Enseo, ParkHub, Capital Alliance Corp., UNT, Stream Data Centers, OneDay, Caris Life Sciences, and more.
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Irving-based Fluor receives $1.16B contract extension for Navy nuclear propulsion work [Photo: Fluor]
Irving-based Fluor Gets $1.16B Contract Extension for Navy Nuclear Propulsion Work
by | Nov 1, 2021
When you think of Irving, you probably don't think "submarines." Well, you should start. Irving is home to the headquarters of Fluor, whose subsidiary Fluor Marine Propulsion got the one-year extension to work on naval nuclear propulsion technology at Navy Nuclear Laboratory sites in New York, Pennsylvania, and Idaho. 
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