Kem Krest acquires Telamon business unit
Elkhart-based supply chain optimization company Kem Krest announced Monday it has acquired the heavy-duty division of Telamon in Carmel. Financial terms of the deal are not being disclosed.... Read More
Elkhart-based supply chain optimization company Kem Krest announced Monday it has acquired the heavy-duty division of Telamon in Carmel. Financial terms of the deal are not being disclosed.... Read More
An evacuation order has been lifted after a chemical release Monday at a soybean processing plant in Decatur. Officials told our partners at WPTA-TV that air quality tests determined the area was safe from chemical hazards.... Read More
United Auto Workers in northwest Indiana have rejected a proposed contract from employer Lear Corp. Members of the Hammond Local 2335 voted overwhelmingly against Lear's proposed over the weekend, our partners at The Times of Northwest Indiana report.... Read More
Crossroads Solar, a growing small business in South Bend, sets out to offer its employees a second chance. The South Bend Common Council approved a tax abatement request last month as Crossroads Solar prepares to bring on a second production line.... Read More
Tyson Foods Inc. is closing four chicken processing plants, including one in southern Indiana, as it looks to lower costs. Tyson said that it will shift production to other facilities and halt operations at the plant by March 1, 2024.... Read More
The Fort Wayne Amazon Robotics fulfillment center opened in early April with plans to employ about 1,000 people. The center is 630,000 square feet with "first-of-its-kind robotics technology" to be used in the state. ... Read More
Toyota Indiana marked the beginning of production on the first-ever Grand Highlander SUV at the Toyota manufacturing plant in Princeton. The event included the announcement of an $11.1 million commitment to preparing area students for future STEM careers.... Read More
Elkhart-based Thor Industries named new leadership Tuesday at several of its operating companies. Ryan Juday will lead as president of KZ Recreational Vehicles in Shipshewana, while Kyle Kwasny is assuming the president position at Heartland RV in Elkhart. ... Read More
In its third iteration, the Coolest Thing Made in Indiana competition will be a knockout style single-elimination tournament — an ode to the state's omnipresent basketball fever. ... Read More
Egglife Foods Inc. just cracked a national distribution deal putting its Indiana-made egg white wraps on Whole Foods market shelves. CEO David Kroll calls the move "a major win" for the Chicago-based company. ... Read More
Elkhart-based Patrick Industries is reporting second quarter net income of $42.4 million, down from $117 million during the same period last year. The company said the drop in profit is partially due to a 44% reduction in RV industry wholesale unit shipments.... Read More
Lafayette-based Wabash is reporting second quarter net income of $74.3 million, up from $22.6 million during the same period last year. CEO Brent Yeagy says the company's efforts have already positioned it for its best year in terms of financial achievements.... Read More
Stellantis CEO Carlos Tavares on Wednesday dangled a potential relaunch of a shuttered Illinois factory if it can be made more competitive as the United Auto Workers Union says a strike is possible.... Read More
The U.S. subsidiary of Italy-based Sirmax Group is increasing production of a flame retardant compound it says is growing in demand. Sirmax said it is dedicating one of the production lines at its Anderson location and could add a small number of jobs.... Read More
Fort Wayne-based Franklin Electric is reporting second quarter net income of $59.6 million, up slightly from $59.4 million last year. However, the company said in its quarterly earnings report that it hit record net sales of just over $569 million.... Read More
The automaker didn't disclose the location but said Monday that it signed a memorandum of understanding with South Korea-based Samsung SDI under its existing joint venture called StarPlus Energy.... Read More
Mercury Marine announced this week that its global distribution center in Brownsburg has earned a key designation for energy efficiency. The Wisconsin-based boat engine maker has received LEED Silver certification for the 512,000-square-foot facility.... Read More
The Greenwood City Council has given preliminary approval of a 10-year tax abatement on an $8.5 million speculative building. Our partners at the Daily Journal report the council will also consider an abatement for a manufacturer's planned expansion.... Read More
South Bend-based AM General continues to move forward with plans to produce Joint Light Tactical Vehicles for the U.S. Army. The manufacturer has awarded a $300 million contract to Plasan North America in Michigan for the production of vehicle components.... Read More
Nova Chemicals Corp., a producer of sustainable polyethylene based in Calgary, Alberta, announced plans Tuesday to establish its first mechanical recycling facility in Connersville. Details of the financial investment in the project are not being disclosed.... Read More