Thor full-year profit drops amid economic challenges

Elkhart-based Thor Industries is reporting fiscal full-year net income of $374 million, down from $1.1 billion the previous year. CEO Bob Martin said the drop was primarily due to changing market conditions caused by high interest rates and rising inflation.... Read More

Gary waste-to-fuel project secures major funding

A planned $600 million waste-to-fuel plant in Gary is one step closer to coming to fruition after the Indiana Finance Authority approved up to $500 million in bonds for the project on Thursday. Fulcrum BioEnergy Inc. plans to begin construction next year.... Read More

Bila Solar seeks tax break on $36M in equipment for HQ, production facility

Bila Solar plans to create 244 jobs by 2026 at a facility partially used by Eli Lilly and Co. and Elanco Animal Health at 1249 S. White River Parkway East Drive. As IBJ reported in late August, the firm plans to spend $36 million on its portion of the 447,000-square-foot building to produce a lightweight solar module that weighs just 30% of regular glass solar panels and is 95% slimmer.... Read More

Anderson approves financing for Fitt USA facility

FITT USA is planning to build a 150,000-square-foot building with the potential for an expansion to add an extra 100,000 square feet by 2032. Our Partners at the Herald Bulletin reported Sept. 14 that initial work started at the site this week with plans to start construction in September 2024. ... Read More

Report: Subaru considering Indiana for EV production

Indiana could be the frontrunner for Subaru’s planned electric vehicle production site in the United States, Reuters reported Wednesday. Subaru CEO Atsushi Osaki told reporters during a meeting in Tokyo that Indiana could become the next location of...... Read More