Elkhart-based LCI Industries (NYSE: LCII) is reporting first quarter net income of $196.2 million, up $122.1 million during the same period last year. LCI Industries’ President and Chief Executive Officer Jason Lippert says the company achieved record revenue and EBITDA during the quarter.... Read More
Nearly 90 union workers at FireKing International LLC in New Albany went on strike Monday after rejecting a "best and final proposal" for a new collective bargaining agreement. The Teamsters Local 89 claim the company's offer "failed to keep wages up with inflation or the industry standard" and "failed to address serious inadequacies in the company’s healthcare plan."... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed the acquisition of Diamondback Towers LLC, a Florida-based manufacturer of wakeboard and ski towers and accessories for marine original equipment manufacturers. Financial terms of the deal were not disclosed.... Read More
Middlebury-based Grand Design RV has unveiled its 300,000-square-foot customer service facility. The Elkhart Truth reports the facility is part of a larger growth initiative that Grand Design says will create up to 700 jobs.... Read More
Bloomington based Cook Medical’s new Indianapolis manufacturing plant could mean 200 jobs over the next several years, but the jobs and the $15 million investment are only part of the story. Employees at the plant, which officially opened last week, will come from the neighborhood around East 38th Street and Sheridan Avenue, which has been struggling economically for years. ... Read More
Columbus-based Toyota Material Handling and Cornell University’s College of Engineering are forming a partnership to provide hands-on engineering experience. Toyota says the Forklift Learning Studio will incorporate Toyota equipment to provide an immersive education that connects theory with application.... Read More
The president of Bloomington-based Cook Medical Inc. says a new manufacturing plant on the near northside of Indianapolis is a win-win for everyone. The company, along with Goodwill of Central and Southern Indiana and the Central Indiana Community Foundation, this morning marked the opening of the facility, which will ultimately employ 100 area residents. ... Read More
A global distribution company headquartered in New York is setting up shop in central Indiana. PCA Group, which provides logistics and digital marketing services for the beauty and wellness sector, has opened a distribution facility in Lebanon and plans to add more than 100 jobs.... Read More
A Switzerland-based logistics company is detailing plans to lay off more than a dozen employees in central Indiana. In a notice to the state, Kuehne+Nagel Inc. says it will cease operations for Rolls-Royce Corp. at its facility in Plainfield.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting first quarter net income of $112.7 million, a 137% increase over the same period last year. Chief Executive Officer Andy Nemeth attributes the results to improved scheduling and more consistent material procurement, as well as strong production levels across all end markets.... Read More
An Elkhart-based packaging company is expanding its corrugator operations to Indianapolis. Welch Packaging says it is installing a new corrugator line in an existing facility on the city's northwest side and plans to create at least 50 jobs.... Read More
Ohio-based The Gorman-Rupp Co. (NYSE: GRC) says it will acquire the Fill-Rite business of Tuthill Corp. in Chicago in a $525 million deal. Fill-Rite, based in Fort Wayne, manufactures the Fill-Rite and Sotera brands of liquid transfer pumps, meters and related products at facilities in Allen County and Lenexa, Kansas.... Read More
The Plymouth Common Council has approved a tax abatement for South Bend-based Holladay Properties, which is building a $3.1 million distribution center in the Marshall County city. The building will serve as the northern Indiana headquarters for Carmel-based replacement window company Renewal by Andersen.... Read More
Lafayette-based Wabash (NYSE: WNC) is reporting first quarter net income of $12 million, up from $3.2 million during the same period a year ago. ... Read More
A newly-formed international metal recycling firm is bringing a major project to Fort Wayne. The city says Exurban USA Inc. will invest $300 million to build a new facility in the Adams Township Industrial Park and create about 200 full-time jobs.... Read More
Nine months have passed since Fred Cartwright was named chief executive officer of Conexus Indiana, the state’s initiative that focuses on strengthening Indiana’s advanced manufacturing and logistics industries... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is looking to spin off its filtration business into its own publicly-held company. The manufacturer says it has confidentially filed for a proposed Initial Public Offering for the business with the U.S. Securities and Exchange Commission.... Read More
The Crossing School of Business & Entrepreneurship has opened a manufacturing skills lab at its campus in Frankfort. ... Read More
The Plymouth Industrial Development Corp. has broken ground on a $2.5 million manufacturing facility. When complete, the 40,000-square-foot plant will serve as the new home for Plymouth Molding Group, an injection molding plastic manufacturer, doubling its current footprint.... Read More
Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is reporting first quarter net income of $1.1 billion, up from $430 million during the same period last year. The steelmaker is also reporting record steel shipments and sales. ... Read More
