Advanced Manufacturing & Logistics
Toyota Brings More Investment, Jobs to Princeton
Toyota Motor Corp. (NYSE: TM) is adding to its investment at the Toyota Motor Manufacturing Indiana facility in Princeton. The automaker has announced an additional $700 million investment in the Gibson County plant and the addition of 150 more jobs by...
Logistics Company Ceasing Jeffersonville Operations
Nevada-based Tri-Starr Management Services Inc. is detailing plans to cease operations its distribution facility in Jeffersonville. The company, which does business as LEGACY Supply Chain Services, said in a notice to the state the move will result in...
Environmental Groups Sue ArcelorMittal Over Violations
Two environmental groups have filed a federal lawsuit against ArcelorMittal accusing the steelmaker of more than 100 permit violations at its Burns Harbor steel mill. The Hoosier Environmental Council and the Environmental Law & Policy Center cite...
Calumet Announces Resolution in SEC Investigation
Indianapolis-based Calumet Specialty Products Partners LP (Nasdaq: CLMT) says it has reached a resolution with the Securities and Exchange Commission. The commission had been investigating the company following errors and delays in its reporting of...
Lippert Components Expands Lineup of Boat Add-ons
ELKHART, Ind. – Lippert Components Inc., a wholly-owned subsidiary of Elkhart-based LCI Industries (NYSE: LCII) has purchased the PWR-ARM brand and electric powered Bimini business assets of Michigan-based Schwintek Inc. Terms of the deal were not disclosed. The PWR-ARM is an electric-powered retractable sunshade for boats and pontoons.
Patrick Industries Names Next CEO
ELKHART, Ind. – Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has announced President Andy Nemeth will become chief executive officer, as he was named successor to current CEO Todd Cleveland. The company says Nemeth will continue in his role as president and a director of the company.
Noblesville Company Expanding, Adding Jobs
NOBLESVILLE, Ind. -- A medical device manufacturer in Noblesville is growing. The Indiana Economic Development Corp. says Nexxt Spine LLC, which designs and manufactures spinal implants and instrumentation, plans to invest nearly $9 million to double the size of its headquarters and create up to 36 jobs by the end of 2022. The company will purchase, renovate and equip and industrial building in the Saxony Corporate Campus. The renovations are set to begin in June 2020 and be complete...
Startup Beverage Maker Launching in Starke County
A startup beverage manufacturer has announced plans to establish operations in Starke County. The Indiana Economic Development Corp. says Common Collabs, which makes cold brew coffee and other consumer packaged goods beverages, will invest $22 million to build and equip a 60,000-square-foot production facility in Knox and create up to 80 jobs over the next few years. The company broke ground on the facility earlier this week. Common Collabs says the facility will feature...
Manufacturing Skills Training for Inmates
The Indiana Department of Correction is trying to help fill voids in the state’s manufacturing workforce by preparing and training low-risk inmates before they are released. Branchville Correctional Facility in downstate Perry County just graduated its first cohort of the Catapult Training Program, following a four-week course in basic manufacturing skills. The facility is classified as a Level II Low Medium Security Correctional Facility. In an interview with...
Arizona Tech Firm Acquires South Bend Company
Phoenix-based Alpine 4 Technologies Ltd. (OTCQB:ALPP) has announced its acquisition of South Bend-based Deluxe Sheet Metal Inc. Terms of the deal were not disclosed. Alpine 4 is a multi-faceted company that works in a broad range of technologies, including electronics manufacturing and fabrication technologies.
Ownership Change for RV Maker Newmar Corp
Nappanee-based recreational vehicle manufacturer Newmar Corp. is now under new ownership. Winnebago Industries Inc. (NYSE: WGO), an Iowa-based RV maker, has completed the acquisition in a deal valued at $270 million. The deal, first announced in September, also includes two million shares of Winnebago common stock
Wabash National Reports Strong Earnings in Q3
Lafayette-based Wabash National Corp. (NYSE: WNC) is reporting third-quarter net income of $25.5 million, compared to $4.6 million during the same period a year ago. Executives with the industrial manufacturer of semi-trailers and liquid transportation systems say third-quarter results show a significant milestone of the process improvements the company has implemented over the last year.
Supply Chain Firm enVista Expands into Asia Pacific Market
Indianapolis-based enVista is expanding its presence in the Asian-Pacific market to take advantage of the expanding supply chain demand. The software developer and consulting firm says it specializes in both physical and digital commerce solutions by improving efficiencies.
Ambrose Breaks Ground on Logistics Center
Indianapolis-based Ambrose Property Group has broken ground on a logistics center building in Hancock County. The more than 500,000-square-foot facility is the first of four buildings being developed for e-commerce and logistics tenants along the Mount Comfort Corridor in Greenfield. The overall development represents a $78 million capital investment. The facility will be expandable to more than 660,000 square feet, according to Ambrose. It will be located on 166 acres of land...
Kimball International Profit Ticks Up
Jasper-based Kimball International Inc. (Nasdaq: KBAL) is reporting fiscal first quarter net income of $11.4 million, up from $10.9 million during the same period last year. Chief Executive Officer Kristie Juster says the results give the company confidence in its ability to "transform to a more efficient model."
U.S. Steel Shuts Down Portion of Portage Plant
Pittsburgh-based U.S. Steel Corp. (NYSE: X) has shut down parts of its Midwest Plant in Portage. Our partners at The Times of Northwest Indiana report the steelmaker made the decision Wednesday after a discharge of hexavalent chromium into the Burns Waterway exceeded the allowed limit. In a statement to the publication, U.S. Steel spokesperson Amanda Malkowski said the company shut down the facility's chrome treatment plant, tin line and chrome lines after lab results ...
Cummins CEO: 'Sales Have Weakened Even Faster'
Columbus-based Cummins Inc. (NYSE: CMI) is reporting third-quarter net income of $622 million, compared to $692 million during the same period last year. The powertrain manufacturer says quarterly revenues are down three percent from a year ago driven mostly by lower demand for trucks and construction equipment.
Berry Global to Expand Odon Plant
Describing it as a competitive win for the town of Odon, Evansville-based Berry Global Group Inc. (NYSE: BERY) broke ground Wednesday on a significant expansion of its plant in the town of 1,300. The plastics wrap firm is adding 40,000 square feet to its blown film operations in what Berry calls a "multi-million" dollar investment. The company says it will add 11 new jobs on top of the approximately 40 people already working at the plant. In an interview with...
UAW Agreement Heads for Member Vote
The United Auto Workers union says the UAW GM National Council has approved a tentative labor agreement with General Motors Co. (NYSE: GM). The agreement must now be ratified by local UAW members nationwide and the union says workers will remain on strike until ratification.
Survey: Need for Skilled Workers as Companies Continue to Automate
A new report on the status of Indiana manufacturing indicates labor shortages are so bad it’s preventing some companies from expanding their business. Yet, many remain optimistic about growth and demand for their products. The 2019 Indiana Manufacturing Survey, commissioned by Indianapolis-based accounting firm Katz, Sapper & Miller, shows companies across the state are reporting a serious shortage of skilled and unskilled laborers.
Larwill Medical Device Maker to Expand, Add Jobs
A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022.
Manufacturer Growing in Michigan City
A Michigan City-based company is expanding its headquarters. Sullair, which manufactures air compressors for construction and industrial applications, broke ground earlier this month on an 80,000-square-foot manufacturing building at its LaPorte County campus, which is part of an overall $30 million investment that will add more than 30 jobs.
AM General, FCA Collaborate on New Military Grade Jeep
Nearly 80 years since the first jeep rolled off the assembly line, and helped support American soldiers throughout World War II, it appears the trusted four-wheel-drive machine may be making a comeback in the U.S. military. South Bend-based AM General LLC has teamed up with Fiat Chrysler Automobiles to build military-grade versions of the 2020 Jeep Gladiator pickup truck.
UAW, GM Reach Tentative Agreement
The United Auto Workers union says it has reached a proposed tentative labor agreement with General Motors Co. (NYSE: GM). The announcement follows five weeks of negotiations between the two parties since the union went on strike September 15, affecting thousands of workers nationwide, including many in Indiana.
Valpo Bearings Plant to Close, Eliminating 160+ Jobs
Wisconsin-based Regal Beloit Corp. and the union representing workers have reached an agreement about the closing of a helicopter bearing factory in Valparaiso. According to our partners at The Times of Northwest Indiana, the decision will cost between 160 to 170 workers their jobs.
Distribution Center Could Bring Hundreds of Jobs to Westfield
Pending approval of government incentives, construction will begin next spring in Westfield on a new distribution center for Gordon Food Service. The Michigan-based company today announced its plans to build the $150 million food storage facility in the Northpoint Industrial Park. The company says the distribution center will initially create more than 200 jobs, with the long-term hope of creating more than 400 by the end of 2025. Before dirt is moved however...
Manufacturer Details Morgan County Growth Plans
Mooresville-based Creative Works has announced plans to grow its Morgan County operations. The Indiana Economic Development Corp. says the company, which designs and manufactures themes, props and attractions for the entertainment industry, will invest $1.1 million in the expansion and create up to 70 jobs by the end of 2022. Creative Works plans to construct an addition to its existing four-building, 33,000-square-foot campus. Specific details on the addition are being finalized.
Vincennes Launches Workforce Development Effort
Vincennes University is partnering with four major Indiana employers to launch a training program to prepare students for careers in advanced manufacturing, and help companies find skilled technical talent. The Indiana Federation for Advanced Manufacturing Education initiative provides select students with training in automation, robotics, and other aspects of advanced manufacturing, while also earning an associate degree from Vincennes.
Patrick Industries Expands Boating Products Line
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed the acquisition of G.G. Schmitt & Sons Inc., a designer and manufacturer of customized hardware and structural components for the recreational boating industry. Patrick says G.G. Schmitt's trailing 12-month revenue through August 2019 was approximately $20 million.
Thor Fiscal Year Profit Drops
Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting fiscal full-year net income of $132 million, down from $430 million the previous year. The recreational vehicle manufacturer says the results included nearly $115 million in costs related to the acquisition of Germany-based Erwin Hymer Group SE, which was completed in February.
Holcomb Reaffirms Relationship with Zhejiang Province
Governor Eric Holcomb and a delegation of Indiana officials and business leaders have renewed a 32-year sister-state relationship with officials from China's Zhejiang Province. The governor and Indiana Secretary of Commerce Jim Schellinger are in China to establish new business connections and strengthen current partnerships.
Bedford Company Details Growth Plans
A manufacturer of reusable sewn fabric packaging products is growing in Lawrence County. Indiana Fabric Solutions Inc. is investing $2 million to add 25,000 square feet of space at its Bedford facility and create 15 jobs. The Lawrence County Economic Growth Council says the investment also includes the addition of new equipment, which will allow the company to diversify its product offerings, as well as reduce lead time and transportation costs. Some of the new...
Ivy Tech Fort Wayne Awards New Venture Champion
A Fort Wayne manufacturer that created a tool for CNC machining shops took home top honors from 2019 New Venture Competition, hosted by Ivy Tech Community College Fort Wayne. Matt Anderson, founder of Anderson Manufacturing Inc., received $20,000 for his business.
RV Shipments Drop in 2019
A trade association representing 400 recreational vehicle makers and parts suppliers is expecting RV wholesale shipments to drop for the remainder of 2019 and into 2020. The RV Industry Association's quarterly forecast shows a “modest cyclical decline” of 17 percent from the same period last year.
Frito-Lay to Make $70M Investment in Frankfort Plant
The Frito-Lay plant in Frankfort is about to receive a multi-million-dollar investment and add nearly four dozen new jobs. PepsiCo Inc. (Nasdaq: PEP), the parent of Frito-Lay, says it intends to invest an additional $70 million in the plant, adding a new snack line and expanding a warehouse. The company says it expects to add 45 new jobs with the expansion. The announcement comes more than a year after another expansion announcement from Frito-Lay, which involved...
USW Members Ratify Alcoa Deal
Members of the United Steelworkers union have ratified a new labor agreement with Pennsylvania-based Alcoa Corp. (NYSE: AA). The four-year deal covers some 1,700 active employees in the U.S., the majority of whom are employed at the company's Warrick Operations in southwest Indiana.
Honda to Invest $4M, Add Jobs at Greensburg Plant
The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.
River Ridge Donates Land to Charlestown
Final approval has been given by the River Ridge Development Authority for the transfer of 106 acres at the River Ridge Commerce Center to the city of Charlestown. The southeast Indiana development authority had been working with Charlestown Mayor Bob Hall and a consultant to survey the acreage and define boundaries.
ALOM CEO: Indy 'One of Our Biggest Successes'
The chief executive officer of California-based ALOM says in the two years since opening a fulfillment and distribution hub in Indianapolis, the facility has been one of the company's biggest successes. The supply chain management company this week cut the ribbon on its expanded 160,000-square-foot facility, which Hannah Kain says will lead to continued growth in Indy. When the project was first announced earlier this year, ALOM said it would increase employment by 25%.
ALOM to Celebrate Growing Distribution Hub
California-based ALOM is Thursday celebrating the opening of its new state-of-the-art facility, tripling its warehouse space in Indianapolis just two years after opening its first fulfillment hub. The supply chain management company says it plans to increase employment by 25 percent as a result of the expansion.
Allison Acquires Castings Supplier
Indianapolis-based Allison Transmission Holdings Inc. (NYSE: ALSN) has purchased one of its longtime suppliers of aluminum transmission castings, plus an affiliated tool and die maker, in a deal worth approximately $103 million. Allison says it acquired Walker Die Casting of Lewisburg, Tennessee which has been a supplier for 20 years.
Alcoa, Union Reach Tentative Agreement
Pennsylvania-based Alcoa Corp. (NYSE: AA) and the United Steelworkers union have reached a tentative agreement on a new labor contract. The steelmaker says the four-year contract would cover some 1,700 workers at five U.S. locations, the majority of whom are located at its Warrick Operations in Newburgh.
Nestlé USA to Close Indy Facility, Cut 170 Jobs
Virginia-based Nestlé USA is detailing more layoffs from an Indiana facility. In a notice to the state, the company says it plans to close its facility on the near southeast side of Indianapolis at the end of the year, leaving more than 170 employees out of work. Two weeks ago, Nestlé said 40 employees were being let go from its Fort Wayne distribution center, however that facility would remain open. A spokesperson for the company says the moves are part of a...
Regal Beloit Workers End Strike to Save Jobs
Employees at the Regal Beloit Corp. (NYSE: RBC) plant in Valparaiso, who have been on strike for the past two months, have agreed to return to work. Our partners at The Times of Northwest Indiana report the decision was made in an effort to help union officials continue collective bargaining talks with the company, which this week announced it is closing the plant, a move that would affect more than 170 jobs.
Regal Beloit to Close Valparaiso Plant
Wisconsin-based Regal Beloit Corp. (NYSE: RBC) is planning to close its plant in Valparaiso, where employees have been on strike since the end of June. Our partners at The Times of Northwest Indiana report at least 130 employees will be out of work as a result. The manufacturer has informed the International Association of Machinists Local 2018 of the planned closure Tuesday. The facility makes bearings for helicopters and planes, including Air Force One.
UPDATE: Nestlé Details Fort Wayne Layoffs
Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.
German Consul General Pitching Apprenticeship Program
The Consul General of the Federal Republic of Germany in Chicago is looking to expand an apprenticeship program to Indiana. Wolfgang Moessinger traveled to Indiana this week to pitch the ICATT Apprenticeship Program, which is based in Chicago, to Governor Eric Holcomb. The program was developed by the German Chamber of Commerce of the Midwest and focuses specifically on high-tech manufacturing companies. In an interview with Inside INdiana Business Reporter...
Logistics Company Planning Expansion
Indianapolis-based Hoosier Logistics Inc. has announced plans to grow its footprint. The Indiana Economic Development Corp. says the logistics and supply chain management provider will invest more than $1.6 million to scale up its corporate office in Indy and add its first satellite office in Fort Wayne. The effort is expected to create up to 45 jobs over the next few years. Hoosier Logistics says it will consolidate the corporate functions for all of its subsidiaries at its...
Wire and Cable Startup to Set Up Shop in Argos
A startup wire and cable company has announced plans to launch operations in Marshall County. The Indiana Economic Development Corp. says Sequel Wire and Cable LLC will invest $53 million to purchase and equip the 50,000-square-foot Argos Manufacturing Center and create 120 jobs by the end of 2024. The company plans to expand the facility to more than 162,000 square feet and begin operations in early 2020. The $2.7 million Argos Manufacturing Center was built in part with...
PPG, Bosma Enterprises Work to Employ Visually Impaired
The Indianapolis aerospace application support center for Pittsburgh-based PPG Inc. (NYSE: PPG) has announced an initiative with Bosma Enterprises in Indy to provide work for those who are blind and visually impaired. The ASC is opening up light assembly work to Bosma employees using PPG-designed tools to build and gather small parts used to mix aerospace sealants.
Noblesville Company Receives FDA Clearance
Noblesville-based Nexxt Spine LLC has received clearance from the U.S. Food and Drug Administration for its NEXXT MATRIXX Stand Alone Cervical System. The system is a "stand-alone anterior cervical interbody fusion system" intended to be used for treatment of degenerative disc disease.
Record Sales Lead to Higher Profit for Allison
Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) is reporting second quarter net income of $181 million, up from $174 million during the same period last year. The manufacturer says it also hit record net sales of $737 million, a 4% increase over second quarter 2018.
Fort Wayne Company to Add Jobs
A Fort Wayne-based company is looking to grow. Guardian Machine Protection LLC, which provides preventative maintenance services for industrial machinery in the manufacturing industry, has announced plans to add up to 170 jobs. Greater Fort Wayne Inc. says Guardian Machine Protection was born in 2011 out of "a need to provide a solution to a common pain point in the manufacturing sector." Yan Wall, founder and chief executive officer of Guardian, says the company provides...
Medical Device Maker Growing in Whitley County
A medical device manufacturer in Whitley County is growing its operations. Micropulse Inc. has announced plans to invest nearly $7 million to expand its Columbia City facility and create up to 25 jobs by the end of 2020. The Indiana Economic Development Corp. says the company will add 15,000 square feet to its 160,000-square-foot facility, while also renovating 3,000 square feet of existing space to make it "better suited for growth." The company says the project will allow...
Illinois Manufacturer Growing in Fort Wayne Area
An Illinois-based company has announced plans to expand in Allen County. The Indiana Economic Development Corp. says Auto Truck Group will invest more than $6 million to build and equip a new facility in the Stonebridge Business Park in Roanoke and create up to 50 jobs by the end of 2022. The company designs, manufactures and installs truck equipment for customers in a variety of industries. The more than 72,000-square-foot facility will house Auto Truck Group's manufacturing...
Patrick Industries' Struggles Tied to RV Balancing Act
Elkhart-based Patrick Industries Inc. blames the RV industry "rebalancing" its inventory and bad weather for a weaker second quarter. The company is reporting net income of $27.4 million, compared to $34.9 million during the same period last year.
BWI to Open Greenfield Plant
Governor Eric Holcomb and Greenfield Mayor Chuck Fewell will Friday join executives from BeijingWest Industries Co. Ltd. to celebrate the grand opening of the company’s $80 million, 275,000-square-foot manufacturing facility. The project is expected to create up to 441 jobs by 2021.
Manufacturer Growing in Boone County
Zionsville-based Gravel Conveyors Inc. has announced plans to expand. The Indiana Economic Development Corp. says the company, which manufactures commercial materials placement machines, will invest nearly $7.5 million to add to its Boone County facility and create nearly 40 jobs by the end of 2022. Doing business as GCI Slingers, the company specializes in building and assembling mobile conveyors and hydraulic systems and says increasing demand from its Midwest client base led to the...
Conexus Preparing Businesses for 'Industry 4.0'
It's being called the next Industrial Revolution and Indiana's advanced manufacturing and logistics initiative is working to help Hoosier companies adapt. Conexus Indiana Chief Executive Officer Mark Howell says Industry 4.0 centers around technology adoption, migration and innovation and affects all industries fundamentally changing the way people live and work. In an interview with Inside INdiana Business, Howell said for Indiana to maintain its leadership position...
ERAPSCO Awarded Military Contract
ERAPSCO has been awarded a contract from the U.S. Department of Defense. The joint venture between Columbia City-based Ultra Electronics Holdings plc and Illinois-based Sparton Corp. (NYSE: SPA) will manufacture and deliver sonobuoys. The sonobuoys are electro-mechanical anti-submarine warfare acoustic sensors designed to relay sounds associated with submarines and ships.
Jeffersonville Being Considered for CBD Plant
California-based Layn USA could soon establish operations in southern Indiana. One Southern Indiana, the economic development organization and chamber of commerce for Clark and Floyd counties, says the company has signed a purchase and sales agreement with the River Ridge Development Authority for a proposed $52 million CBD manufacturing facility. The project, the company says, would have the capacity to process a minimum of 5,000 tons of hemp biomass each year. As part of the...
MXD Process Considering Return to Jeffersonville
Kentucky-based MXD Process, a manufacturing company founded in Jeffersonville, may return to the city. The company says it is considering leasing a new facility, an $1.8 million project contingent on the Jeffersonville City Council’s approval of incentives, that could to create 40 new jobs. MXD Process, formerly Mixer Direct, is a manufacturer of industrial mixers, stainless steel tanks and batch control systems that automate mixing operations...
Sweetener Supply Expanding to White County
Illinois-based Sweetener Supply Corp. has announced plans to establish operations in White County. The company, which manufactures food ingredients such as sugars, corn sweeteners and honey, says it will invest $20 million to construct a 150,000-square-foot building in the Mid-America Commerce Park.
Hillenbrand Announces $2B Acquisition
Batesville-based Hillenbrand Inc. (NYSE: HI) has announced plans for a major acquisition. The manufacturer has entered into an agreement to acquire Cincinnati-based Milacron Holdings Corp. (NYSE: MCRN) in a $2 billion cash and stock deal. The acquisition has been unanimously approved by the boards of directors of both companies. Milacron manufactures, distributes and services systems in the plastics technology and processing industry. Hillenbrand says the acquisition will enhance...
Nix Companies Adds to Portfolio
Poseyville-based Nix Companies Inc. has acquired a fabrication company in Gibson County. Financial terms of the deal for Princeton-based Heritage Custom Fabricators Inc. are not being disclosed, however the company will continue to operate as an independent division of Nix Companies.
Inteplast to Expand in Indiana
New Jersey-based integrated plastics manufacturer Inteplast Group plans to expand capacity in a newly-acquired northwest Indiana facility. The group's AmTopp division will increase capacity of its stretch film manufacturing by investing $20M to add two lines in their Remington, IN facility.
Logistics Company Growing in Allen County
A transportation and logistics company based in Allen County has announced plans to expand. The Indiana Economic Development Corp. says Universal Dedicated of Fort Wayne will invest $25 million to build out about 10 acres in Roanoke that will serve as a holding yard to house transportation assets and dispatch operations offices. The company says the project will create up to 130 jobs by the end of 2020. The company says the site will help increase efficiencies in its regional...
Berry Completes Purchase of RPC Group
Berry Global Group, Inc. (NYSE: BERY) has completed its $6.5 billion acquisition of RPC Group Plc to make one of the world's largest plastic packaging companies. The acquisition includes approximately $4.3 billion of cash paid for the equity interest in RPC and $2.2 of net debt and estimated transaction costs.
Cummins to Acquire Canadian Company
Columbus-based Cummins Inc. (NYSE: CMI) has announced plans to acquire a fuel cell systems provider in Canada. The deal for Hydrogencis Corp. (Nasdaq: HYGS) is valued at approximately $290 million and has been approved by the Hydrogenics board of directors. The transaction will see Cummins acquire all of the issued and outstanding shares of Hydrogenics. However, the company's current largest equity shareholder, The Hydrogen Co., will maintain its ownership in Hydrogenics.
Catalent to Break Ground on Expansion
State and local officials will Friday join executives from New Jersey-based Catalent Inc. (NYSE: CTLT) to break ground on a new drug product manufacturing facility in Bloomington. The project is part of a $100 million expansion announced in January that is expected to create up to 200 jobs by the end of 2024.
DOT America Growing in Whitley County
Columbia City-based DOT America Inc. has announced plans to further expand its Whitley County operations. The Whitley County Economic Development Corp. says the medical coating technology provider plans to add 10 jobs at its facility in the Blue River Industrial Park by 2021.
Purchase Agreement for Fourth Port Extended Again
A purchase agreement for a site near Lawrenceburg that could potentially serve as the state's fourth port has been extended once again. The Ports of Indiana originally signed the agreement in September 2017 to acquire up to 725 acres of land that formerly housed the American Electric Power plant. The option to decide whether to purchase the land was extended in November and set to expire June 30. Governor Eric Holcomb's office says the option has again been extended...
Radial Opens Fulfillment Center in Brownsburg
Pennsylvania-based Radial Inc. says its new fulfillment center in Brownsburg is now open. The e-commerce technology and operations company says the nearly 700,000-square-foot facility is the largest in its network and will have the capacity to house about 2,000 employees.
New Business Park Planned for Whiteland
Missouri-based Jones Development Co. has begun construction on a new business park in Johnson County. The 2.4 million-square-foot Whiteland Exchange will be located on 167 acres near I-65 in Whiteland. Financial terms of the developer's investment in the project were not disclosed. The business park is slated to include modern industrial buildings for logistics, advanced manufacturing and related uses. Work is underway on the first two speculative buildings, which total nearly...
Business Expanding in Plymouth
Culver Tool and Engineering has announced a $3.7 million expansion with a new facility just north of its existing building in Plymouth. The spinal rod manufacturer plans to invest $2.2 million to renovate and expand the new building and also will invest $1.5 million to build and install machinery and equipment. The expansion will create 10 new jobs, to add to the 180 existing employees.
Enbi Group Acquires New York Company
Shelbyville-based Enbi Group has acquired an industrial roller manufacturer in New York. Financial terms of the deal for Pierce Industries are not being disclosed, however Enbi says the acquisition will expand its capabilities and positions the combined company for strategic growth.
Logansport Company Selected in Walmart Open Call
A Logansport-based dog treat manufacturer is one of several companies chosen to have their products sold on Walmart shelves. Foppers Pet Treat Bakery took part in Walmart's annual Open Call event, in which hundreds of small businesses and entrepreneurs pitched their products for the chance to sell them in stores. Foppers Chief Executive Officer Michelle Leffert says she was shocked to hear she was selected during the two-day event at Walmart's headquarters in Arkansas.
American Wire Rope & Sling Acquired
Fort Wayne-based American Wire Rope & Sling is under new ownership. The company has been acquired by Bishop Lifting Products in Texas, though financial details of the deal were not disclosed. AWRS manufactures a variety of products for the rigging industry, according to its website.
PUMA to Open Distribution Center in Whitestown
Massachusetts-based PUMA North America Inc. is planning to establish operations in Boone County. The company is looking to invest $40 million to lease and equip a more than 635,000-square-foot building in the Whitestown Business Park and create up to 90 jobs.
Blue Buffalo to Open $200M Richmond Facility
Connecticut-based Blue Buffalo Pet Products (Nasdaq: BUFF) will Monday hold a grand opening for its $200 million manufacturing facility in Richmond. The natural pet food producer plans to create up to 165 jobs in Wayne County. Governor Eric Holcomb and Richmond Mayor Dave Snow will join company executives Monday morning for the grand opening. The facility, which includes a research and development center, is Blue Buffalo's second in the United States. When the company announced...
Allison Details $400M Expansion Plans
Allison Transmission Holdins Inc. (NYSE: ALSN) today detailed expansion plans involving more than 300 new jobs through 2020. The company says it will invest more than $400 million over the next few years in projects including a new Vehicle Environmental Test facility and an Innovation Center in Indianapolis. As part of the announcement, Allison today broke ground on the Innovation Center, which is expected to open in 2021. The Innovation Center will feature virtual and physical...
Allison Transmission Set For Expansion Announcement
Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) will Friday provide details on a planned expansion. Governor Eric Holcomb and Indianapolis Mayor Joe Hogsett will be on hand for the economic development announcement and groundbreaking at the company's headquarters.
Jeffersonville Railyard Facility Officially Open
A new railcar-transload facility in Jeffersonville is expected to expand the ability to distribute malted grain to Indiana and Kentucky distilleries and breweries. Louisville & Indiana Railroad and Vancouver, Washington-based Great Western Malting Company took months of planning for the 33-railcar facility located at LIRC's railyard.
Lippert to Acquire UK Company
Elkhart-based Lippert Components Inc. has announced plans to add a United Kingdom-based marine equipment supplier to its portfolio. The company has made an initial cash offer of more than $42 million to acquire Lewmar Marine Ltd. as part of an agreement with Lewmar's board of directors.
Indiana Could Lead Hypersonic Tech Future
Indiana could play a key role in the future of hypersonic technology, according to the chief executive officer of the National Security Technology Accelerator. The North Carolina-based nonprofit has offices in Bloomington and is working with Naval Surface Warfare Center Crane on a program to work on the military priority, which includes weapons or supply vehicles that travels over five times the speed of sound. Tim Greeff says the organization's partnership with Crane can be an...
Thor Profit Drops in Fiscal Q3
Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting fiscal third quarter net income of $31.4 million, down from $180 million during the same period last year. Despite the drop, the recreational vehicle manufacturer says it hit record net sales of $2.5 billion for the quarter.
Raytheon, UTC Announce 'Merger of Equals'
Raytheon Co. (NYSE: RTN), which has operations in Indianapolis and Fort Wayne and United Technologies Corp. (NYSE: UTX) are planning what they call a "merger of equals." The all-stock deal excludes Carrier and Otis, which are set to separate from United Technologies next year. The combined company, to be called Raytheon Technologies Corp., will be headquartered in Massachusetts. The companies say the combined operation will have about $74 billion in 2019 sales.
Manufacturer Planning 100+ Plymouth Jobs
A startup manufacturing company is planning to invest $23 million to establish operations in Marshall County. Indiana Wheel Corp., which is a joint venture led by China-based Jingu Company Ltd., says it will create up to 117 jobs in Plymouth over the next few years. The company will produce and distribute steel wheels, with production expected to start later this year. IWC plans to 60 full-time employees by the end of this year, including executives, skilled machinists and operations...
Hamilton Heights Earns Certified SEAL Program
Hamilton Heights High School in Arcadia is now the first in the state to offer the State Earn and Learn program designed for the construction industry. The program is a partnership with industry and education to offer students the opportunity to earn credentials while participating in job training. Students also have regular interaction with construction and industry-related employers.
Manufacturer Expanding to Evansville
Elkhart-based EFP Corp. has announced plans to expand to southern Indiana. The Indiana Economic Development Corp. says the company, which specializes in the manufacturing and conversion of expanded foam protective packaging, will invest $2.1 million to lease a 100,000-square-foot building in the Vanderburgh Industrial Park and create up to 29 jobs by the end of 2021. EFP also plans to invest nearly $4.5 million in production equipment for the facility. The new location will be...
Thor Details Senior Leadership Changes
Elkhart-based Thor Industries Inc. (NYSE: THO) has announced new senior management positions for its North American operations. The recreational vehicle manufacturer says the staffing moves are an "essential step" to its overarching strategy. Chief Executive Officer Bob Martin has named Matt Zimmerman and Chris Hermon to the newly-created roles of RV group managers. Zimmerman and Hermon, who previously served as CEO of Keystone RV Co. and president of Heartland RV Co...
Jay County Forging Plant to be Acquired
Illinois-based private equity firm Wynnchurch Capital LLC has acquired two closed-die forging facilities, one of which is located in Jay County. The firm purchased the facilities in Portland and Lebanon, Kentucky from Pittsburgh-based Allegheny Technologies Inc. (NYSE: ATI), though financial terms of the deal were not disclosed.
FedEx Plans New Facility, Jobs in Indy
FedEx Corp. (NYSE: FDX) is again looking to grow its presence near the Indianapolis International Airport. The company plans to invest $9 million to lease and equip a large portion of a newly-constructed speculative building in the AmeriPlex Indianapolis industrial park, which will be a new location for its FedEx Supply Chain Inc. division. According to documents filed with the city, FedEx has committed to adding 225 full-time jobs at the facility by 2021. FedEx Supply Chain...
GM Announces $24M Investment in Fort Wayne Truck Plant
General Motors Co. (NYSE: GM) has detailed plans to invest $24 million into its Fort Wayne Assembly Plant to boost full size truck production. The automaker says sales of the Chevrolet Silverado 1500 and GMC Sierra 1500 crew cab pickups, which increased a combined 20 percent in the first quarter of 2019 over the previous year, is fueling the growth. GM says, including today's announcement, it has invested more than $1.2 billion in the plant since 2015. GM Chief Executive Officer Mary...
GM Set For Big Fort Wayne Plant Announcement
General Motors Co. (NYSE: GM) Chief Executive Officer Mary Barra will this morning be at the automaker's Fort Wayne Assembly Plant for an announcement. Our partners at WPTA-TV in Fort Wayne report she is expected to make an investment announcement involving future operations at the Roanoke truck assembly facility. Few details are known about this morning's announcement, which will also involve GM Executive Vice President of Global Manufacturing Gerald Johnson and local leaders.
Peanut Butter Producer Growing in NW Indiana
A producer and distributor of artisanal peanut butter has opened its new production facility in northwest Indiana. The Indiana Economic Development Corp. says Portage-based BNutty is investing nearly $2 million to lease, renovate and equip the facility inside the AmeriPlex at the Port business park and create up to 100 jobs by 2021. The company says it had outgrown its former 2,500-square-foot facility. The new, 16,000-square-foot production center will allow...
Conexus Honors Langham With Award
Conexus Indiana has announced Langham Logistics President and Chief Executive Officer Cathy Langham is the recipient of the second annual Andre B. Lacy Vanguard award. The award honors leaders who benefit the advanced manufacturing and logistics industries, and model civic and philanthropic leadership.
Manufacturer Details Muncie Expansion
Michigan-based Magna Powertrain of America has announced plans to expand its operations in Muncie. The Muncie-Delaware County Economic Development Alliance says the automotive parts and systems supplier will invest $9.3 million to add new equipment to its 200,000-square-foot MPT Muncie facility and create 50 full-time jobs. The company says the addition of the new equipment will support increased business. The installation of the equipment is expected to be complete by April 2020.
Rolls Royce Awarded Military Contract
The Naval Sea Systems Command has awarded a major contract to Rolls Royce Corp. The corporation's Indianapolis facility was awarded an $8.6M contract for 10 marine turbine installation parts kits for LCAC 100 Class craft. The kits consist of four engine intakes, two right hand and two left hand engine exhausts that will support the Ship-to-Shore Connector Program.
Linebarger: Tech, Innovation Fueling Cummins Growth
Cummins Inc. (NYSE: CMI) Chief Executive Officer Tom Linebarger frequently refers to the Columbus-based engine maker as a technology company that happens to be in the manufacturing sector, and last week’s announcement of nearly $70 million in projects suggests that mantra will ring true for decades to come. A new $35 million digital and IT hub in Greenwood is a perfect example. It will bring together information technology, digital and engineering talent to focus on ways to...
Engineering Company Adding Jobs in Columbus
Columbus-based LHP Engineering Solutions says it will expand its Bartholomew County operations and add up to 135 jobs by 2023. The company, which provides engineering services for the automotive, aerospace and medical industries, says it will invest more than $1 million to upgrade its Columbus headquarters. LHP currently employs nearly 200 associates in Columbus and close to 500 worldwide. In addition to its Indiana headquarters, the company has operations in California...
Hillenbrand Launches Workforce Initiative
Batesville-based Hillenbrand Inc. (NYSE: HI) is launching what calls a first-of-its-kind workforce initiative. The manufacturer is partnering with its Germany-based subsidiary Coperion on the effort, which is designed to attract and retain talented employees on a global scale and help bridge the international gap in its workforce.
Big Investments Coming Along 'Cummins Corridor'
Columbus-based Cummins Inc. (NYSE: CMI) says it will invest nearly $70 million in its Columbus and Indianapolis operations as it celebrates 100 years in business. The company plans to pump $33 million into its Columbus Engine Plant to make it the center of its Electrified Power segment. At an event today at Indianapolis Motor Speedway, Cummins also announced plans to build a $35 million office building in Greenwood for about 500 digital and information technology employees...
Duke Energy Chooses Sites for Readiness Program
Duke Energy has chosen six Indiana communities to participate in its Site Readiness Program, which finds, evaluates and improves sites for potential industrial development. Site development companies and an engineering company will assess the sites and make recommendations. Properties typically chosen for the program are at least 40 acres, served by the utility, or a vacant industrial building with at least 20,000 square feet.
ArcelorMittal Investing $160M at Burns Harbor
Luxembourg-based ArcelorMittal has announced plans to invest more than $160 million in its Burns Harbor steel mill. Our partners at The Times of Northwest Indiana report the steelmaker's investment will focus on several areas within the facility over the next several years.
Lippert Components Hosts Career Quest
Northern Indiana middle school students found themselves immersed in finding a career pathway during Career Quest 2019 hosted by Lippert Components and Horizon Education Alliance. About 50 businesses were on hand to provide students a better understanding of several industries, including advanced manufacturing, construction and trade, healthcare and information technology.
Michigan Company Adding Jobs in Boone County
Michigan-based Opus Packaging Group has announced plans to establish an operation in Whitestown. The packaging and supplies manufacturer says it will invest nearly $3 million in the Boone County operation and create up to 43 jobs by the end of 2022. Construction on the operation is underway and expected to be complete by July. Opus Packaging Group says the facility will allow it to boost production for clients in Indiana and throughout the Midwest. The company currently has...
Logistics Company to Cease Operations in Plainfield
A subsidiary of Florida-based Ryder System Inc. (NYSE: R) says it will no longer operate its facility in Plainfield. In a noticed filed with the state, Ryder Integrated Logistics says more than 430 employees will be laid off as a result of the closure, though many will have the opportunity to transition to a new position. The company says it expects to cease operations at the facility on July 12, which is the same date the employees are expected to be let go. Ryder says the...
Saab Jet Fighter Investment May Be Just the Beginning
It is viewed as a major win for Indiana’s increasing effort to attract global investment in the aviation and aerospace sectors. But Saab’s plans to invest $37 million and add 300 jobs at a fighter jet plant in the Purdue Discovery Park District may be just the beginning of a far-reaching partnership. "It's not just going to be the fuselage down the road and the partnership with Boeing,” said Indiana Secretary of Commerce Jim Schellinger.
AMERICAN Flow Control to Open Crawfordsville Facility
An Alabama-based company plans to open a new research and development facility in Crawfordsville. AMERICAN Flow Control, the valve and hydrant division of AMERICAN Cast Iron Pipe Company, will invest $9 million to build and equip the new facility for enhancing existing valve products and developing new products. The 30,000 square foot facility will be named the AMERICAN Flow Control Center for Innovative Excellence and will be built on 17 acres in the Crawfordsville Commerce Park.
WishBone Medical Acquires Plymouth Company
Warsaw-based WishBone Medical has acquired a medical device manufacturer in Marshall County. Financial terms of the deal for Plymouth-based CSpine Inc. are not being disclosed, however a spokesperson for WishBone tells Inside INdiana Business no jobs will be affected.
Continental Diamond Tool to Add Jobs in Allen County
Continental Diamond Tool, a global provider of superabrasive grinding wheels and custom tooling, says it will expand its operation in Allen County, adding up to 225 jobs over the next four years. The company says it will invest $5.5 million into the expansion, which will add to manufacturing and research and development labs at its current New Haven operation. In a news release, Indiana Economic Development Corporation President Elaine Bedel said the expansion is an important...
Daniels: Saab Facility Will Have 'Enormous' Impact
Purdue University President Mitch Daniels says today's announcement that Sweden-based Saab will establish a $37 million facility at the Discovery Park District will have a major impact on the university and state. The company plans to build an advanced manufacturing facility to be used for the production of part of the T-X jet trainer aircraft for the U.S. Air Force and create up to 300 jobs. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman...
Kimball Electronics Hits Record Earnings
Jasper-based Kimball Electronics Inc. (Nasdaq: KE) is reporting record fiscal third quarter net income of $11.8 million, up from $10.8 million during the same period last year. The company also set quarterly records for net sales and operating income over the three-month span.
ArcelorMittal Rebuilding Burns Harbor Coke Battery
ArcelorMittal is looking to improve a key facility at its Burns Harbor steel mill. The Luxembourg-based steelmaker says it is investing nearly $20 million to rebuild the No. 2 coke battery, with the main area of concern being much-needed roof repairs.
Spot Freight Adds to Downtown Indy HQ
Spot Freight Inc. has completed an expansion of its downtown Indianapolis headquarters. The logistics company, which moved into the second floor of the former Jillian's building in 2016, has completed the renovation of the building's third floor, doubling the size of its previous office space. Spot Freight says it has invested more than $2 million between its two expansions over the past three years and plans to continue the growth of its Indiana footprint over the next five years.
Cummins Quarterly Profit Grows
Columbus-based Cummins Inc. (NYSE: CMI) is reporting first quarter net income of $663 million, up from $325 million during the same period last year. The manufacturer also saw an 8 percent increase in quarterly revenue, driven largely by increased truck production in North America and stronger demand in global construction and North American power generation markets.
Incentives Approved For Crothersville Expansions
The Jackson County Council has approved tax abatement for two companies planning expansions in Crothersville. The Seymour Tribune reports projects from Alabama-based Sims Bark Co. and Tampico Grain LLC total $9.6 million investment and will create more than 20 jobs.
Celadon to Pay $42M For Securities Fraud
Indianapolis-based Celadon Group Inc. has agreed to pay more than $42 million in restitution to the federal government. The U.S. Department of Justice says the company committed securities fraud by "filing materially false and misleading statements to investors and falsifying books, records, and accounts." Celadon entered into a deferred prosecution agreement in connection with the securities fraud charges. Court documents say a Celadon subsidiary, Quality Companies...
SIA Produces Four Millionth Vehicle
Subaru of Indiana Automotive in Lafayette is celebrating a milestone. The auto manufacturing facility earlier this week produced the four millionth vehicle since the plant opened 30 years ago. The silver 2019 Subaru Outback rolled off the assembly line late Monday morning.
Businesses Rely on General Aviation
The business community in Dubois County is dominated by a niche industry: furniture. Some of the county’s largest employers are furniture manufacturers, like Best Home Furnishings, Masterbrand Cabinets, Kimball International, and my business, OFS. Though our businesses have locations across the country, we all take advantage of Indiana’s manufacturing tradition. By basing large plants in smaller towns like Huntingburg, Jasper and Ferdinand, we promote economic development...