Kaiser Addition Expected to Bring Big Economic Impact

Officials say a new $150 million addition to California-based Kaiser Aluminum Corp.'s (Nasdaq: KALU) facility in Warrick County will have a major impact on the community. Our partners at WEHT-TV report the project, which will add a new coating line, could generate an estimated $1.5 billion in indirect and induced economic output.... Read More

Kaiser Aluminum to Break Ground on $150M Addition

California-based Kaiser Aluminum Corp. (Nasdaq: KALU) is making a major investment in its Warrick County operation. Our partners at WEHT-TV report the company will break ground Wednesday on a new $150 million addition at its plant in Newburgh.... Read More

New Center Helps Allison Keep Up With Speed of Innovation

Indianapolis-based Allison Transmission Holdings Inc. (NYSE: ALSN) expanded its footprint on the city's west side earlier this month with the opening of a state-of-the-art innovation center. Engineers at the 100,000-square-foot facility are focused on advancing technology in the commercial vehicle propulsion sector. ... Read More

Plastics Recycling Plant Opens in Anderson

A subsidiary of Italy-based Sirmax Group says its new plastics recycling facility in Anderson is now operational. SER North America says it plans to bring total employment at the $18 million plant to 40 by the end of the year.... Read More

Anderson Company Sees Growth with Container Pools

A company in Anderson is making a name for itself by manufacturing pools out of shipping containers. Trek Container Pools was founded four years ago by Joel Cookston, who was looking for a less costly option to a traditional in-ground pool. ... Read More

Gas City Manufacturer Expanding

A synthetic lumber manufacturer is growing operations in Grant County. Earthwise Plastics Inc. says it will add a production line at its Gas City facility to manufacture walls and doors for semi-trailers and add a small number of jobs.... Read More

Carmel Firm Acquires Shower Product Manufacturer

A Carmel-based private equity firm is adding to its portfolio. Mayfar Capital Partners has acquired Tile Redi Holdings LLC, a Charlotte-based manufacturer of shower products that also operates manufacturing and fulfillment centers in Elkhart.... Read More

Food Distributors Announce Merger

Two northern Indiana food distribution companies have joined forces. South Bend-based Stanz Foodservice has merged with Troyer Foods in Goshen to create what they say is the largest Indiana-based food distributor.... Read More

Manufacturer Closing Seymour Facilities

A Chicago-based consumer products manufacturer is shutting down operations in Jackson County. In a notice to the state, Home Products International-North America Inc. says it will close its two manufacturing plants and distribution center in Seymour and lay off 123 employees.... Read More

ArcelorMittal Moves North American HQ to Schererville

Luxembourg-based ArcelorMittal (NYSE: MT) has relocated its North American headquarters from Chicago to Schererville, according to our partners at The Times of Northwest Indiana. The move comes more than a year after the steelmaker divested most of its U.S. assets to Cleveland-Cliffs Inc. (NYSE: CLF).... Read More

Basiloid Diversified Products Expanding

Basiloid Diversified Products plans to expand its facility in Knox County and create up to 16 jobs. Plans call for the lift truck attachment metal fabricator invest more than $1.5 million in the Bicknell location.... Read More

Spot Freight Growing in Downtown Indy

Spot Freight Inc. is expanding its presence in downtown Indianapolis. The logistics company says it will occupy more than 42,000 square feet of the Capital Center building and add more than 200 employees by 2023.... Read More

Stevanato Inks Deal for Vaccine Vial Manufacturing

A subsidiary of Italy-based Stevanato Group (NYSE: STVN) has entered into an agreement with the Biomedical Advanced Research and Development Authority that will expand its planned manufacturing capacity in Fishers. The company says the deal, valued at up to $95 million, will produce vials to be used for current and future vaccine needs.... Read More

Noblesville Reaches Deal to Keep Manufacturer in Town

Noblesville-based IDI Composites International plans to invest more than $24 million to build a new manufacturing facility in the Washington Business Park. The move is part of an agreement with the city that it says will help keep the Reimagine Pleasant Street project on schedule, while ensuring IDI remains in Noblesville.... Read More

Thor Quarterly Profit Doubles

Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting fiscal second quarter net income of $267 million, compared to $133 million during the same period a year ago. Chief Executive Officer Bob Martin says the company's performance was extremely strong, despite supply chain challenges.... Read More

State Launches Education Readiness Grant Program

The Governor's Workforce Cabinet and Conexus Indiana have launched a $500,000 grant program designed to prepare students for careers in advanced manufacturing. The Education Readiness Grants will be awarded to eligible high schools statewide to purchase new smart manufacturing technologies and equipment to help students develop Industry 4.0 skills.... Read More