Elkhart-based Thor Industries is reporting fiscal second quarter net income of $27 million, down from $266 million in the same quarter the previous year. CEO Bob Martin said the quarter saw a "significant slowdown" in both sales and production.... Read More
GE has announced plans to invest more than $450 million in its U.S. manufacturing facilities, including $7 million at the GE Aerospace Lafayette Engine Facility. The funding will provide tooling support for the plant's LEAP and Passport engine production.... Read More
Pittsburgh-based U.S. Steel has signed a memorandum of understanding with CarbonFree Chemicals Holdings in Texas. The steelmaker says the non-binding agreement establishes a framework for pursuing the capture of CO2 emissions from U.S. Steel's Gary Works.... Read More
European automaker Stellantis is planning to invest $155 million in three of its facilities in Kokomo. The company said Tuesday the investment will fuel the production of a new electric drive module, which will be used in its battery electric vehicles.... Read More
The Commerce Department is opening applications for computer chip manufacturers to access $39 billion in government support to build new factories and expand production. All companies seeking funds will need to show how they plan to develop a local workforce.... Read More
Kentucky-based Tempur Sealy says its $138 million manufacturing facility in Crawfordsville is on schedule to open in the second quarter. The bedding products manufacturer updated progress on the facility this month during its fourth quarter earnings call.... Read More
Louisville-based Platform Real Estate Group this week announced plans for a new industrial building at the River Ridge Commerce Center in Charlestown. The company said the $20 million project will feature a 304,000-square-foot building on a 19-acre plot.... Read More
European automaker Stellantis on Wednesday announced U.S. employees represented by the United Auto Workers union will receive profit-sharing checks of about $14,760 on March 10. Stellantis employs about 7,000 people at its facilities in Kokomo and Tipton.... Read More
Cummins Inc. has filed a registration statement with the SEC for a proposed initial public offering for its filtration business, Atmus Filtration Technologies. The manufacturer said in April it planned to spin off the business into a publicly-held company. ... Read More
A supplier of components and materials for electric vehicles plans to spend nearly $48 million to relocate Indianapolis-based operations to a larger facility in Lawrence and expand the business with dozens of new employees.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is in negotiations with a global automotive supplier in France to acquire part of its commercial vehicle exhaust aftertreatment business. Faurecia said Thursday the deal, if completed, would be valued at more than $160 million.... Read More
An Ohio-based manufacturer is growing its footprint in Kosciusko County. Omco Midwest Roll Forming Plus, which makes components for a variety of products such as truck bodies, trailers and solar panel frames, plants to add 50 jobs at its plant in Pierceton.... Read More
Elkhart-based LCI Industries is reporting record full-year net income of $395 million, up from $288 million during 2021. CEO Jason Lippert says diversification and staffing actions helped mitigate the impact on earnings.... Read More
The Ports of Indiana Commission on Monday approved the appointment of Jody Peacock as the statewide port authority's new CEO. Peacock joined the ports in 2001 and most recently served as senior vice president for business development.... Read More
A subsidiary of Michigan-based Viking Group Inc. is planning to build a new pipe manufacturing plant in Richmond. MV Pipe LLC will construct the facility on a 40-acre site, and the project is expected to create 111 jobs.... Read More
A utility trailer manufacturer in northeast Indiana broke ground Thursday on a new manufacturing plant. Markle-based Novae LLC is investing $35 million to build a 150,000-square-foot facility and create up to 36 jobs by the end of 2024. ... Read More
The Indiana Next Generation Manufacturing Competitiveness Center, or IN-MaC, is partnering with Ivy Tech Community College Lafayette to launch an initiative creating a high school-to-career pathway for students in Montgomery and Boone counties. ... Read More
Fort Wayne-based Interstate Cold Storage is celebrating a milestone in 2023. The refrigerated warehouse company will mark 50 years in business this year, going from a one-warehouse operation to five locations in Indiana and Ohio with more than 100 employees.... Read More
Batesville-based Hillenbrand is reporting fiscal first quarter net income of $45.5 million, down from $49 million the previous year. CEO Kim Ryan said the company had a "solid start" to the year driven largely by "healthy demand" and recent acquisitions.... Read More
The general manager for Endress+Hauser USA says the measurement instrumentation provider is looking to schools to find the next wave of talent. Todd said the company has worked with universities to attract talent in the past, but more could be done.... Read More
