Lafayette-based Wabash is reporting second quarter net income of $74.3 million, up from $22.6 million during the same period last year. CEO Brent Yeagy says the company's efforts have already positioned it for its best year in terms of financial achievements.... Read More
Stellantis CEO Carlos Tavares on Wednesday dangled a potential relaunch of a shuttered Illinois factory if it can be made more competitive as the United Auto Workers Union says a strike is possible.... Read More
The U.S. subsidiary of Italy-based Sirmax Group is increasing production of a flame retardant compound it says is growing in demand. Sirmax said it is dedicating one of the production lines at its Anderson location and could add a small number of jobs.... Read More
Fort Wayne-based Franklin Electric is reporting second quarter net income of $59.6 million, up slightly from $59.4 million last year. However, the company said in its quarterly earnings report that it hit record net sales of just over $569 million.... Read More
The automaker didn't disclose the location but said Monday that it signed a memorandum of understanding with South Korea-based Samsung SDI under its existing joint venture called StarPlus Energy.... Read More
Mercury Marine announced this week that its global distribution center in Brownsburg has earned a key designation for energy efficiency. The Wisconsin-based boat engine maker has received LEED Silver certification for the 512,000-square-foot facility.... Read More
The Greenwood City Council has given preliminary approval of a 10-year tax abatement on an $8.5 million speculative building. Our partners at the Daily Journal report the council will also consider an abatement for a manufacturer's planned expansion.... Read More
South Bend-based AM General continues to move forward with plans to produce Joint Light Tactical Vehicles for the U.S. Army. The manufacturer has awarded a $300 million contract to Plasan North America in Michigan for the production of vehicle components.... Read More
Nova Chemicals Corp., a producer of sustainable polyethylene based in Calgary, Alberta, announced plans Tuesday to establish its first mechanical recycling facility in Connersville. Details of the financial investment in the project are not being disclosed.... Read More
One of the country’s largest envelope companies plans to permanently close its Indianapolis plant, ending employment for 127 workers. In a notice to the state, Cenveo Worldwide Limited said the plant at 6302 Churchman Bypass will close on Sept. 8.... Read More
Fishers-based American Resources Corp. has acquired the former RCA Thomson plant in Marion. ReElement Technologies is investing a minimum of $100 million to convert the 425,000-square-foot facility into a rare earth and battery material refinery.... Read More
Nebraska-based Valmont Industries cut the ribbon Thursday on a new solar array at its manufacturing facility in Bristol. The company, which makes sustainably-focused concrete utility poles, said the array will offset 100% of the plant's electricity usage.... Read More
A manufacturer in north central Indiana is set to undergo a major expansion. The Ford Meter Box Company announced plans to invest up to $300 million to build a 300,000-square-foot facility in Wabash and create up to 126 jobs by the end of 2027. ... Read More
Indianapolis-based third-party logistics company Spot is expanding its presence along the East Coast through opening a new office in downtown Charlotte. The move means an addition of 144 work stations, and the company plans to add a total of 150 new jobs.... Read More
Cummins Inc. CEO Jennifer Rumsey will take over as the company’s board chair when Tom Linebarger retires at the end of the month, Cummins announced Wednesday. Rumsey will step into the position on Aug. 1, while still retaining her position as CEO.... Read More
Whenever the United Auto Workers union begins negotiating a new contract with Detroit's three automakers, threats of a strike are typically heard on the floor of the old Chrysler transmission plant in Kokomo. This year, the talk is a little louder.... Read More
The Walmart regional distribution center in Seymour is getting a major upgrade. The retail giant announced Monday night it will invest $108 million in the facility that, when complete, will nearly double its shipping capacity.... Read More
Vanair Manufacturing Inc. has announced plans to expand in LaPorte County. The company said it will invest $8.3 million to add a 100,000-square-foot building near its headquarters on the south side of Michigan City and create 75 jobs.... Read More
St. Louis-based Bunge North America broke ground Thursday on a more than $500 million soybean processing facility in Morristown. The new facility, which will employ about 70 workers, will produce soy protein concentrates for use in plant-based foods.... Read More
Columbia City-based 80/20 LLC is adding to its portfolio. The manufacturer and its parent, MPE Partners, have acquired Les Industries Flexpipe Inc., a maker and distributor of steel modular framing structures and material handling systems in Farnham, Quebec.... Read More
