VT Industries Closing New Albany Plant

Posted: Updated:
NEW ALBANY -

Iowa-based VT Industries Inc. has announced it is closing its plant in New Albany. In a notice to the state, the company says the closure will result in the layoffs of 120 employees.

The wood window and door manufacturer did not state a reason for the closure. The company says the layoffs are expected to begin in late September or early October and be complete by the end of October.

VT Industries says all employees have been notified of the closure. The majority of the employees affected by the closure are production workers at the facility.

  • Perspectives

    • 90 Minutes by 2020

      Chicago is the third-biggest city in the United States and more than ten million people live in the Chicagoland metropolitan area. Another seventy-six million people visit the area each year. Chicago is an international hub for commerce, and is a leader in industries like finance, manufacturing, technology, and telecommunications. It boasts the second busiest airport in the world and has one of the largest, most diversified economies in the world.

    More

Events



  • Most Popular Stories

    • Another Illinois Company Moving to Indiana

      An Illinois-based shipping and logistics company has announced plans to relocate to Gary. HMD Trucking Inc. says it will invest nearly $6 million into a new headquarters, with plans to bring up to 500 jobs to Lake County by 2021. Founder Henry Malukas calls Gary a "perfect match" and cites several reasons for the move, including affordability to grow.

    • Indiana¬†Collectors Association Names President

      The Indiana Collectors Association has named Chris Coleman president. He is vice president of Richmond-based Finance System Inc. It is a title his father, Charles "Fred" Coleman Jr. held. Coleman has 16 years’ experience as a collector. He will help represent 72 collections agencies in Indiana that employ 5,000 Hoosiers.

    • President of Indiana's Fastest-Growing Company 'Surprised'

      The president of The Garrett Companies says he experienced one overriding emotion when he heard his Greenwood-based development business was named the fastest-growing in Indiana on the 2017 Inc. 5000 list. "We're a little bit surprised," Eric Garrett told Inside INdiana Business. "We've been trying to limit or even slow this growth a bit." The company experienced more than 2,000 percent growth year-over-year, according to the publication, and Garrett says...

    • How Elkhart Became The RV Capital of The World

      Today we all know Elkhart, Indiana as the RV Capital of the World. More than 80 percent of global RV production is based throughout the region. That means that if you see an RV rolling down the road anywhere in the world, chances are that it was built with the craftsmanship and dedication of Hoosiers.

    • University Shifts Campus From California to Indy

      A private, Christian university has relocated it headquarters from San Diego to Indianapolis. Horizon University is now based at the Horizon Christian Fellowship of Indianapolis campus on the northeast corner of Marion County. Officials say the move will help attract more on-campus and online students. Bill Goodrich is Horizon University president and has served as senior pastor of the church in the Geist area since it opened in the late-1980s.