Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) plans to invest $2.2 billion to build a recycled aluminum flat rolled mill, as well as two supporting satellite recycled aluminum slab centers, the company announced Monday. The steelmaker says when fully operational, the facility will have the capacity to produce 650,000 tons of finished products annually.... Read More
The incoming CEO of Cummins Inc. (NYSE: CMI) says addressing climate change will help fuel the Indiana-based engine maker’s success and growth as a company in the years to come.... Read More
Lafayette-based trailer maker Wabash (NYSE: WNC) has revealed its first rebranded trailer with the company’s new logo. The company says the updated trailer follows its previously-announced corporate rebranding effort earlier this year.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is making changes to its top leadership, the company announced Thursday. Tom Linebarger will step down as chief executive officer on August 1, though he will remain chairman of the board. Jennifer Rumsey, who currently serves as president and chief operating officer, will be promoted to president and CEO, becoming the first woman to lead the company in its more than 100-year history.... Read More
Elkhart-based THOR Industries (NYSE: THO) is investing in Dragonfly Energy, a Nevada-based lithium-ion battery producer to the RV industry. THOR says Dragonfly, which develops battery packs, energy systems, and cell manufacturing technologies, offers a distinct approach to energy storage that provides users with a "best-in-class" experience.... Read More
An insulation and commercial roofing company has completed a $20 million investment in its Richmond facility. Johns Manville says the effort supported new equipment for its blowing wool insulation manufacturing process and helped retain more than 100 jobs.... Read More
Tennessee-based Kaiser Aluminum Corp. (Nasdaq: KALU) announced Thursday it has declared force majeure at its Warrick Rolling Mill in Newburgh. The company says the move is due to the limited availability of magnesium used in the production of some of its aluminum beverage and food packaging products.... Read More
Columbus-based Toyota Material Handling on Thursday announced its acquisition of Pennsylvania-based forklift dealership PennWest Toyota Lift. While financial terms of the deal are not being disclosed, TMH says the dealership will continue to operate under its current name with no changes to staffing.... Read More
Goshen-based Viewrail is looking to add to its portfolio. The modern stairs and railing manufacturer has inked an agreement to acquire Simmons Stairways Inc. in California, though financial terms of the deal were not immediately disclosed.... Read More
Pittsburgh-based Alcoa Corp. (NYSE: AA) says it has ended one of three operating smelting lines at its Warrick Operations facility in Newburgh. The company says the move was made due to "operational challenges," but did not provide specifics.... Read More
The global shortage of computer chips and other parts forced General Motors (NYSE: GM) to build 95,000 vehicles without certain components during the second quarter.... Read More
A steel structural building manufacturer in North Carolina is expanding operations into the Midwest. Northedge Steel LLC says it is investing $6 million to acquire the former All-Steel Carports property in Yorktown with plans to add up to 40 full-time jobs.... Read More
The city of South Bend is launching a new round of workforce development training courses provided by Purdue Manufacturing Extension Partnership. The city says the latest round of Purdue MEP courses is being offered through the Pathways On-Demand Workforce Development Program.... Read More
Germany-based DHL Supply Chain is expanding its presence in central Indiana by adding an eighth distribution facility and up to 400 jobs. The contract logistics company will be opening a 980,000-square foot facility in Whiteland, off I-65 and Whiteland Road.... Read More
Indianapolis based logistics company ShipSigma says it will invest $2 million to expand its operations and grow its staff... Read More
The Indiana Economic Development Corp., in partnership with Conexus Indiana, announced the sixth round of awards totaling nearly $4 million in Manufacturing Readiness Grants. The IEDC says the grants are being awarded to 43 Indiana businesses, supporting more than $46 million in technology-enabled capital investment.... Read More
An Indianapolis-based manufacturer of LED lighting fixtures is expanding operations to Ripley County. IKIO LED Lighting LLC says it will invest $25 million to establish a manufacturing and warehousing facility in the Batesville Industrial Park and create 30 jobs over the next five years.... Read More
Plainfield-based MD Logistics has announced plans to open its first warehouse in the Research Triangle Park area in North Carolina. The third party logistics firm says the expansion, which is expected to create 30 jobs, will allow it to better serve the life sciences and pharmaceutical industry on the East Coast.... Read More
Kentucky-based Tempur Sealy International Inc. (NYSE: TPX) is hosting a job fair Tuesday and Wednesday in Crawfordsville. The bedding products manufacturer is looking to fill up to 30 jobs for its recruitment and training center as it prepares for the opening of a 700,000-square-foot foam pouring manufacturing facility.... Read More
Elkhart-based Thor Industries Inc. (NYSE: THO) is reporting third quarter net income of $348 million, compared to $183 million during the same period last year. The RV manufacturer says net sales for the third quarter were $4.7 billion, an increase of nearly 35% compared to the same period in 2021.... Read More
