GE making $7M investment in Lafayette engine plant

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

U.S. Steel signs MOU for carbon capture partnership

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

Stellantis making $155M EV investment in Kokomo

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

Cummins files for IPO for filtration business spinoff

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

Cummins in talks to acquire European business

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

Manufacturer adding 50 jobs in Pierceton

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

LCI Industries reports full-year gains

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

Peacock promoted to Ports of Indiana CEO

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

Novae begins work on $35M manufacturing plant

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

Interstate Cold Storage marks 50 years

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

Hillenbrand profit dips in Q1

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