Owens Corning to close Wabash facility
Ohio-based Owens Corning is planning to shut down operations at its Wabash manufacturing facility. The company said in a notice to the state that the closure will affect 87 workers.... Read More
Advanced Manufacturing & Logistics
BorgWarner to close Kokomo manufacturing plant
BorgWarner, an automotive components supplier headquartered in Auburn Hills, Michigan, is planning to close one of two facilities in Kokomo later this year. The company confirmed the move will impact about 150 employees at its Morgan Street Production Plant.... Read More
Fort Wayne GM plant to pause production amid supply shortage
Leaders at GM say the company's Fort Wayne Assembly Plant will pause production next week. The stoppage comes as unionized workers consider striking.... Read More
Uncertainty surrounds steel industry’s future in northwest Indiana
The CEO of the Northwest Indiana Forum said the announcement by U.S. Steel that it is exploring a potential sale wasn't a complete surprise. Heather Ennis discussed what a potential sale could mean for the region in an interview with Inside INdiana Business.... Read More
Yellow closure affecting 800 Hoosier union truckers
Tennessee-based Yellow permanently shut down its operations July 30 and filed for bankruptcy a week later. The closure ultimately laid off 900 Indiana workers. Indiana was home to terminals in Fort Wayne, Indianapolis, South Bend and Evansville.... Read More
TayCo Brace appoints new marketing, technology chiefs
The South Bend ankle brace manufacturer, TayCo Brace, has appointed a new chief marketing officer and chief technology officer.... Read More
Steelworkers ‘shocked’ by news of potential U.S. Steel sale
Steelworkers in northwest Indiana were shocked by the recent announcement that Pittsburgh-based U.S. Steel had not only rejected a buyout offer but also is exploring a possible sale.... Read More
Kimball Electronics sees 79% full-year profit increase
Jasper-based Kimball Electronics Inc. is reporting fiscal full-year net income of $55.8 million, up from $31.3 million the previous year. The company also hit its sixth consecutive quarter of record net sales, which totaled $496 million.... Read More
South Bend audio company leans into growth out of pandemic
LEA Professional has leveraged its clients' changing habits during the coronavirus pandemic into a successful business model. Here's how they did it.... Read More
American Sealants to break ground on another expansion
Fort Wayne-based American Sealants will break ground Thursday on its second expansion in as many years. The company tells Inside INdiana Business the 30,000-square-foot addition will be used for warehousing and allow for an expanded manufacturing footprint.... Read More
Minnesota company to close Jasper warehouse
Arrowhead Engineered Products, a supplier of aftermarket components for a variety of industries, is planning to close its warehouse in Dubois County. In a notice to the state, the company said the will shut down in October, affecting 52 employees.... Read More
Mullen Automotive details additional financial concerns
Mullen Automotive, which acquired a 650,000-square-foot manufacturing plant in Mishawaka last year, is reporting continued concerns over its financial situation. The company said it will need to secure additional capital by June 2024 to sustain operations.... Read More
OnLine Transport acquires Ferdinand trucking, logistics company
Indianapolis-based logistics and trucking company OnLine Transport Inc. has acquired A/T Transportation and its Automated Logistics division, based in the Dubois County town of Ferdinand. Financial terms of the deal are not being disclosed.... Read More
U.S. Steel on verge of being absorbed as industry consolidates
A symbol of American industrialization that operated the world’s largest steel plant in Indiana seems poised to soon be purchased by a competitor.... Read More
Berry Global names new CEO
Evansville-based Berry Global Group Inc. has selected Kevin Kwilinski as its next CEO, the company announced Tuesday. Kwilinski currently serves as president and CEO of Multi-Color Corp., a label printing company headquartered in Batavia, Ohio.... Read More
Lebanon City Council approves special zoning for LEAP district
The Lebanon City Council on Monday night unanimously approved a special zoning classification covering part of a 9,000-acre innovation district that is in the works northwest of the city’s downtown.... Read More
Esmark makes offer for U.S. Steel, sets up bidding contest for iconic steelmaker
Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs.... Read More
Louisville manufacturer plans $54M expansion into Indiana
Louisville-based Conco, a manufacturer of ammunition containers, is planning to expand into southern Indiana. The company plans to invest $54.5 million to purchase, upgrade and equip the former Tokusen USA facility in Scottsburg and create up to 175 jobs.... Read More
Elkhart truck accessory manufacturer names new president
Elkhart-based truck accessories manufacturer Leer Group has named a new president and chief operating officer. The company announced last week that Nando Zucchi will take over the roles after serving as president at outdoor recreation company Pacific Cycle.... Read More
Logistics firm to close Plainfield operations, idling nearly 250 workers
Texas-based logistics firm Alan Ritchey Inc. plans to shut down operations in Plainfield that will put 242 employees out of work by mid-October, according to a filing with state workforce officials.... Read More