Columbus-based Cummins Inc. (NYSE: CMI) on Wednesday announced the completion of its $3.7 billion acquisition of Meritor Inc. in Michigan. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets.... Read More
The Decatur City Council has removed a roadblock for a planned $25 million slaughterhouse that will be located inside a former ice cream manufacturing plant in the Adams County city and create about 200 jobs. ... Read More
Rolls-Royce Corp. in Indianapolis has been awarded a $854 million contract from the U.S. Department of Defense. The contract calls for depot-level engine repair services for the turboprop engines on the C/KC-130 aircraft in support of the U.S. Marine Corps and the government of Kuwait.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is reporting second quarter net income of $702 million, compared to $600 million during the same period last year. Chief Executive Officer Jennifer Rumsey says demand for the company's products remained strong across most of its key markets and regions, apart from China.... Read More
Elkhart-based LCI Industries (NYSE: LCII) is reporting second quarter net income of $154.5 million, compared to $67.9 million during the same period last year. Chief Executive Officer Jason Lippert says despite a challenging operating environment, the RV components manufacturer continued to deliver strong results.... Read More
Global auto giant Stellantis (NYSE: STLA) announced Monday it will invest a total of $99 million in three of its North American plants, including the Kokomo Casting Plant. The company says the investment will fuel production of a new, four-cylinder turbocharged engine that will power two future hybrid electric vehicles.... Read More
Steelworkers in northwest Indiana are getting more good news. Pittsburgh-based U.S. Steel (NYSE: X) says its employees, including those at the Gary Works plant and Midwest Plant in Portage, will take home bonus checks of up to $14,000 based on the company's record $1.1 billion in second-quarter earnings, according to our partners at The Times of Northwest Indiana. ... Read More
Reno, Nevada-based ITS Logistics LLC announced this week that it plans to invest $28 million to expand its Midwest headquarters in Whitestown.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting second quarter net income of $117 million, up 98% from $59 million during the same period last year. President Jeff Rodino says the company benefitted from its capital expenditures, which totaled more than $100 million over the last 18 months.... Read More
Jeffersonville-based Amatrol Inc. is looking to expand its southern Indiana operations. The company plans to invest $8.5 million to acquire the former Key Electronics building in the North Port Business Centre and create 30 full-time jobs.... Read More
Minnesota-based Winnebago Industries Inc. (NYSE: WGO) has appointed Casey Tubman as president of Newmar Corp., a recreational vehicle manufacturer based in Nappanee.... Read More
In one week, Jennifer Rumsey will become just the seventh chief executive officer at Columbus-based Cummins and the first woman to the lead the company. Rumsey views embracing the environment and challenges related to global warming will be important growth opportunities. ... Read More
Kentucky Governor Andy Beshear made a pitch Thursday to a steel company that took over plans to build an aluminum plant once promised to Kentucky, hoping to salvage a deal struck by his predecessor.... Read More
Goshen-based Keystone RV Co. is planning to close two of its production facilities in the Elkhart County city. In a notice to the state, the recreational vehicle manufacturer says more than 330 employees will be affected by the move.... Read More
Pennsylvania-based Penske Logistics LLC says a change in operation of a Kroger warehouse facility in Shelbyville will affect more than 500 employees. In a notice to the state, the company says Kroger, which owns the building, will take over operation of the facility in September.... Read More
The board of directors for Batesville-based Hillenbrand Inc. (NYSE: HI) has begun exploring "strategic alternatives" for its Batesville business, the company announced Wednesday.... Read More
Fort Wayne-based recycling company Sortera Alloys Inc. is forming a strategic partnership with Novelis Inc. Novelis, which is a sustainable aluminum solutions provider based in Atlanta, says the partnership will allow it to utilize Sortera's sorting technologies, including data analytics and sensors.... Read More
Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) plans to invest $2.2 billion to build a recycled aluminum flat rolled mill, as well as two supporting satellite recycled aluminum slab centers, the company announced Monday. The steelmaker says when fully operational, the facility will have the capacity to produce 650,000 tons of finished products annually.... Read More
The incoming CEO of Cummins Inc. (NYSE: CMI) says addressing climate change will help fuel the Indiana-based engine maker’s success and growth as a company in the years to come.... Read More
Lafayette-based trailer maker Wabash (NYSE: WNC) has revealed its first rebranded trailer with the company’s new logo. The company says the updated trailer follows its previously-announced corporate rebranding effort earlier this year.... Read More
