Evansville-based Escalade Inc. is reporting second-quarter net income of $2.8 million, down from $3.6 million from the same period last year. The sporting goods and recreation equipment manufacturer said its consumers and retail partners have adopted a more...... Read More
A manufacturer and supplier of vehicle component systems is planning to close its facility in Muncie. North American Stamping Group, headquartered in Portland, Tennessee, said in a notice to the state that the closure will result in the layoffs of 62 workers.... Read More
Lafayette-based Wabash is reporting second-quarter net income of $29 million, down from $74.3 million during the same period last year. The trailer and truck body manufacturer attributes the drop to a decline in new order activity and...... Read More
The VU Design and Innovation Training Studio, located inside the Summers Center on the VU campus, is part of a statewide network of studios meant to introduce K-12 students to available career opportunities and the skills they need in advanced manufacturing.... Read More
Ambrose Property Group is beginning to build a $100 million logistics park just across the Kentucky border in Burlington. Ambrose is based in Indianapolis. ... Read More
South Bend-based AM General is delaying the delivery of its first Joint Light Tactical Vehicles, or JLTVs, to the U.S. Army by six months, a military spokesperson confirmed to Inside INdiana Business on Tuesday. AM General was tapped to produce the...... Read More
The GE Aerospace plant in Lafayette is among more than a dozen worldwide in line to receive a share of more than $1 billion over the next five years by the airplane engine manufacturer to improve its maintenance and repair facilities. The Lafayette plant joins U.S. plants in Cincinnati; Dallas; McAllen, Texas; and Winfield, Kansas […]... Read More
Allison Transmission has announced a new partnership with a Chinese manufacturer of mining industry vehicles. Lingong Heavy Machinery Co. Ltd. will use Allison’s transmissions in the Chinese company’s wide body mining dump trucks. ... Read More
On July 9, a tornado heavily damaged a warehouse in Mount Vernon operated by Tennessee-based third-party logistics firm Kenco Logistic Services LLC. While the full impact is unknown, another local employer is offering assistance to Kenco and its employees.... Read More
Several state representatives, mayors, city officials and business leaders gathered in Warsaw, Indiana, to discuss the safety and economic implications of not modernizing the 155 mile of US 30 between Fort Wayne and Valparaiso. Organized by members of the US 30 Coalition...... Read More
The Ports of Indiana on Wednesday signed a Memorandum of Understanding with the Port of Antwerp-Bruges in Belgium. The state's port authority said the agreement formalizes a plan to collaborate on multiple initiatives, including advancing...... Read More
Reckitt Benckiser Group Plc said sales will be affected by a tornado that struck a warehouse in Mount Vernon, where it stores products and raw ingredients for its baby formula business. The consumer goods company said the third-party warehouse has not...... Read More
Carmel-based Bastian Solutions, has broken ground on its $165 million, 164-acre manufacturing and corporate headquarters campus in Noblesville. The company says the 435,000-square-foot facility will consolidate several existing buildings into one location.... Read More
International defense, aerospace and security company BAE Systems Inc. has secured $111 million in contracts to provide next-generation radios for the Republic of Korea. The company said it will produce the radios at its facility in Fort Wayne.... Read More
Steinberger Construction is building a 50,000-square-foot shell to attract business to the Hooser Heartland Industrial Park.... Read More
Matthew Nix, CEO of Nix Companies, is celebrating his 20th year with the Poseyville-based business. He spoke with Inside INdiana Business about the company’s growth and complementary projects.... Read More
Ohio-based MasterBrand Cabinets, which has a large presence in Dubois County, said Thursday it has completed its $520 million acquisition of Iowa-based Supreme Cabinetry Brands. CEO Dave Banyard called the deal a "major milestone."... Read More
A Port Washington, New York-based home furnishings company plans to expand its distribution operations in Whitestown and hire 60 new employees by 2027. Safavieh is planning a 601,350-square-foot warehouse on 37 acres at Indianapolis Logistics Park Northwest.... Read More
Cummins Inc. and Stellantis are among the manufacturers in eight states that will receive a total of $1.7 billion in federal grants to help restart or expand electric vehicle manufacturing and assembly sites.... Read More
Purdue University is leading a coalition of academic partners vying for $160 million in federal funding it says will help establish Indiana and southern Michigan as the Silicon Valley for sustainable, cost-effective housing. The NextHouse initiative aims to...... Read More
