A subsidiary of Ohio-based steel roll forming company Omco Holdings cut the ribbon Thursday on a new solar array at its manufacturing plant in Pierceton. Omco Solar also announced that operations are fully underway at its second manufacturing plant in Warsaw.... Read More
Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates.... Read More
A not-for-profit in Marion is partnering with Conexus Indiana to provide training to prepare people with disabilities for careers in advanced manufacturing. Carey Services plans to implement the Catapult Indiana program.... Read More
Indianapolis-based logistics company Draco has consolidated some of its operations to a newly-completed facility in the Mount Comfort Logistics Center. Ambrose Property Group said the company has invested $2.5 million in the facility.... Read More
Evansville-based Escalade is reporting a first quarter net loss of $952,000, compared to net income of $6.7 million during the same period last year. The sporting goods and recreational equipment manufacturer said sales declined 21.3% to nearly $57 million.... Read More
A veteran tool and die maker in Starke County is venturing out on his own with a new machine shop in the Knox Industrial Park. Wakal Machining broke ground on a new facility, which co-founder Bill Wakal says will fill a gap for machining services in the area.... Read More
Batesville-based Hillenbrand is reporting fiscal second quarter net income of $463 million, up from $54.3 million during the same period last year. The quarter saw the completion of Hillenbrand's $761 million sale of the former Batesville Casket Co.... Read More
Officials in St. Joseph County remain optimistic that New Carlisle could be chosen for a more than $3 billion EV battery cell plant. GM last month announced a partnership with Samsung SDI in South Korea to build the plant, though a location was not identified.... Read More
New Jersey-based Catalent is delaying the release of its fiscal third quarter earnings. Part of the reason for the delay, the company said, are "certain potential non-cash adjustments" related to its Bloomington operations.... Read More
Illinois-based Enjoy Life Foods is planning to close its bakery operations at River Ridge Commerce Center in Jeffersonville. In a notice to the state, the company said it will begin several rounds of layoffs in July, ultimately impacting 105 employees.... Read More
Jasper-based Kimball Electronics is reporting fiscal third quarter net income of $16.4 million, up from $13.6 million the same period the previous year. The manufacturer said Thursday it reached a record sales total of $485 million, up 32% year-over-year.... Read More
Elkhart-based Patrick Industries has acquired BTI Transport, a marine transportation company also headquartered in Elkhart. Financial details were not disclosed, but Patrick said the acquired company will now operate as Patrick Marine Transport.... Read More
The president and CEO of Verbio North America Holdings Corp. says the decision to acquire South Bend Ethanol plant was part of a six-month search for a location to expand the company's ethanol and renewable natural gas production operations. ... Read More
Verbio North America Holdings Corp. has acquired South Bend Ethanol, an ethanol production plant, though financial terms of the deal are not being disclosed. However, Verbio said it plans to invest $230 million over the next three years to expand the plant.... Read More
A subsidiary of Japan-based NSK Corp. is looking to grow in Johnson County. NSK Precision America Inc. plans to invest nearly $66 million to expand operations at its facility in Franklin and add 72 jobs by the end of 2026.... Read More
Shells Inc., a manufacturer of sand cores for the foundry industry, is investing nearly $6 million to boost operations at its facility in the Marshall County town of Bourbon. The company will use the funding to purchase additional equipment and add nine jobs.... Read More
Texas-based Heidelberg Materials North America has begun production at its new, $600 million cement plant in Lawrence County. The company, formerly known as Lehigh Hanson, said the facility will ultimately produce 2.4 million tons of cement annually.... Read More
Florida-based L3Harris Technologies has inked a contract with Mitsubishi Electric Group to build imaging and sounding instruments for the Japan Meteorological Agency. The company says it will manufacture the instruments at its Fort Wayne facility.... Read More
The electric vehicle supply chain is continuing to grow in Kokomo. South Korea-based Jaewon Industrial plans to invest $102 million to build a chemical recycling operation in the Howard County city and create up to 100 jobs by the end of 2024.... Read More
Michigan-based manufacturing company DexKo Global has acquired Horizon Plastics & Engineering, headquartered in the St. Joseph County town of Osceola. Horizon is a longtime supplier to DexKo subsidiary Dexter's door and vent manufacturing plant in Bristol.... Read More
