Manufacturers awarded $23M in readiness grants in 2022

The Indiana Economic Development Corp. and Conexus Indiana say they awarded 186 Manufacturing Readiness Grants totaling $22.7 million lasy year. The program, which was launched in 2020, aims to help manufacturers increase production efficiency while stimulating private sector investments and modernizing Indiana’s manufacturing industry.... Read More

Cargo trailer maker details Bristol layoffs

Bristol-based Stealth Enterprises LLC has permanently laid off 53 employees at its northern Indiana facility. In a notice to the state dated Jan. 27, the cargo trailer manufacturer cited "unforeseen business circumstances" as the reason for the reduction.... Read More

Batesville Casket Co. acquisition complete

Connecticut-based LongRange Capital has completed its $761 million acquisition of the former Batesville Casket Co. from Batesville-based Hillenbrand Inc. The acquired company, now known as Batesville Services LLC, will operate as an independent company.... Read More

Mullen approaching Nasdaq delisting deadline

A California-based EV manufacturer with a presence in northern Indiana is facing potential delisting from the Nasdaq. Mullen Automotive said this week it is continuing efforts to bring its stock price above the $1.00 bid requirement before a March 6 deadline.... Read More

Richmond tapped for $115M biomanufacturing plant

A precision fermentation manufacturer is planning to develop its first biomanufacturing facility in east central Indiana. Liberation Labs said Tuesday it will invest $115 million to build the commercial-scale facility in Richmond and add 45 jobs.... Read More

Report: Ultium Cells EV battery plant on hold

Plans for a $2.4 billion electric vehicle battery manufacturing plant that could potentially be located in Indiana are reportedly on hold indefinitely. The Wall Street Journal reports GM and Korea-based LG Energy Solution failed to come to an agreement.... Read More

Endress+Hauser expanding in Greenwood

Switzerland-based Endress+Hauser plans to invest $33 million to expand in Johnson County. The measurement instrumentation provider is looking to build a 120,000-square-foot facility on the south side of Greenwood create at least 75 jobs.... Read More

Children’s Factory to close Angola facility

Missouri-based Children's Factory LLC is planning to close its plant in northeast Indiana. The company, which manufactures early education furniture and supplies, said in a notice to the state the closure in Angola will affect 26 employees.... Read More

DHL investing nearly $120 million in Johnson County

DHL Supply Chain is investing nearly $120 million in the 980,000-square-foot distribution facility it acquired last year in Whiteland, with plans to create as many 676 jobs by 2027, a nearly 70% increase from when the project was first announced in June 2022.... Read More

U.S. Steel details layoffs at Gary Works

Pittsburgh-based U.S. Steel is announcing layoffs from the now-idled tin operation at its Gary Works facility. In a notice to the state dated Dec. 27, the steelmaker said the move is the result of market conditions that are out of the company's control. ... Read More

Logistics firm to open Whitestown warehouse

Nevada-based Novo Logistics is expanding its presence in the Midwest with a new location in central Indiana. The third-party logistics firm says it will occupy a recently-constructed warehouse in Whitestown, with operations set to begin next month.... Read More