Incentives Approved for Plymouth Distribution Center

The Plymouth Common Council has approved a tax abatement for South Bend-based Holladay Properties, which is building a $3.1 million distribution center in the Marshall County city. The building will serve as the northern Indiana headquarters for Carmel-based replacement window company Renewal by Andersen.... Read More

Metal Recycler Investing in Fort Wayne

A newly-formed international metal recycling firm is bringing a major project to Fort Wayne. The city says Exurban USA Inc. will invest $300 million to build a new facility in the Adams Township Industrial Park and create about 200 full-time jobs.... Read More

Cummins Planning Filtration Business Spin-Off

Columbus-based Cummins Inc. (NYSE: CMI) is looking to spin off its filtration business into its own publicly-held company. The manufacturer says it has confidentially filed for a proposed Initial Public Offering for the business with the U.S. Securities and Exchange Commission.... Read More

Plymouth Manufacturer Expanding

The Plymouth Industrial Development Corp. has broken ground on a $2.5 million manufacturing facility. When complete, the 40,000-square-foot plant will serve as the new home for Plymouth Molding Group, an injection molding plastic manufacturer, doubling its current footprint.... Read More

Steel Dynamics Q1 Profit Jumps

Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is reporting first quarter net income of $1.1 billion, up from $430 million during the same period last year. The steelmaker is also reporting record steel shipments and sales. ... Read More

ATC Breaks Ground on Manufacturing Plant

Nappanee-based ATC, a manufacturer of aluminum RVs and trailers, has broken ground on a 221,000-square-foot facility that will be used for RV product operations. ATC says its current headquarters will be relocated to the new facility when construction wraps, and the expansion is expected to create up to 200 additional jobs.... Read More

CJ Automotive to Close Butler Facility

A Sweden-based automotive supplier says it will shut down its DeKalb County operations. In a notice to the state, CJ Automotive says it will close its facility in Butler this summer, affecting 110 employees.... Read More

Creative Works Seeing Pandemic Recovery Growth

The president of Creative Works in Mooresville says the recovery from the pandemic has boosted his company's business. Creative Works designs manufactures and installs themes, props and attractions for the amusement industry around the globe and in February, said it would invest $7 million to relocate its headquarters to the southwest side of Indianapolis next month.... Read More

Novae Acquires LOOK Trailers

Novae LLC, a trailer manufacturer based in the Huntington County town of Markle, has acquired Middlebury-based LOOK Trailers, which manufactures standard and custom-built enclosed trailers. Financial terms of the deal were not disclosed.... Read More

Cleveland-Cliffs CEO Bullish on Indiana Harbor Works

The president and chief executive officer of Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF) says the Indiana Harbor Works steel mill in East Chicago remains a key operation for the company. Lourenco Goncalves visited the facility Monday, nearly two months after the company announced it was indefinitely idling one of its two remaining blast furnaces.... Read More

Seymour Council Approves Cummins’ Tax Abatements

Columbus-based Cummins Inc. (NYSE: CMI) has received approval for three tax abatements by the Seymour City Council. The Daily Journal reports the abatements have an estimated value of $20.4 million in investments to promote development in the community.... Read More

Banks to Host Northeast Indiana Defense Summit

Northeast Indiana is home to a robust defense manufacturing sector. Nearly 11,000 people there work in defense and aerospace and there are more than 38,000 engineers in the region. Indiana's 3rd District Congressman Jim Banks wants to continue to move the needle and will host the Northeast Indiana Defense Summit on April 11 in Fort Wayne.... Read More

ERAPSCO to Share in $222M Military Contract

The U.S. Department of Defense has awarded a $222 million contract to ERAPSCO in Columbia City and Lockheed Martin Corp. (NYSE: LMT) in Virginia. The contract is a price modification to a previously-awarded contract which calls for the production of 18,000 sonobuoys for the U.S. Navy.... Read More

Survey Shows New Challenges for Hoosier Manufacturers

Indiana manufacturers say the pandemic is no longer threatening their businesses, but many report challenges in the supply chain and surging demand have increased in recent months, according to a new survey. The "2022 Indiana Manufacturing Survey: Back to Work," was conducted by Indianapolis-based Katz, Sapper & Miller in partnership with the Indiana University Kelley School of Business and the Indiana Manufacturers Association. The survey shows 45% of respondents have seen a surge in demand, while 81% are experiencing supply chain shortages.... Read More