The Terre Haute City Council has approved two tax abatements for a Colorado company setting up shop in the city. Bolder Industries Inc. is investing $40 million to establish a used tire recycling operation at the former Pyrolyx USA facility.... Read More
Elkhart-based Dexter Axle Co. has acquired Premium Supply Ltd. in Texas, a company specializing in custom trailer hoists, hydraulic kits, pumps, controls, and accessories. Financial terms of the deal were not disclosed.... Read More
Novae LLC, a trailer manufacturer based in the Huntington County town of Markle, has acquired Middlebury-based LOOK Trailers, which manufactures standard and custom-built enclosed trailers. Financial terms of the deal were not disclosed.... Read More
A $1.6 million federal grant will pay for the construction of a new southern Indiana pier on the Ohio River to be used for unloading of pig iron for a foundry, officials said Wednesday.... Read More
The president and chief executive officer of Ohio-based Cleveland-Cliffs Inc. (NYSE: CLF) says the Indiana Harbor Works steel mill in East Chicago remains a key operation for the company. Lourenco Goncalves visited the facility Monday, nearly two months after the company announced it was indefinitely idling one of its two remaining blast furnaces.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) has received approval for three tax abatements by the Seymour City Council. The Daily Journal reports the abatements have an estimated value of $20.4 million in investments to promote development in the community.... Read More
Northeast Indiana is home to a robust defense manufacturing sector. Nearly 11,000 people there work in defense and aerospace and there are more than 38,000 engineers in the region. Indiana's 3rd District Congressman Jim Banks wants to continue to move the needle and will host the Northeast Indiana Defense Summit on April 11 in Fort Wayne.... Read More
The U.S. Department of Defense has awarded a $222 million contract to ERAPSCO in Columbia City and Lockheed Martin Corp. (NYSE: LMT) in Virginia. The contract is a price modification to a previously-awarded contract which calls for the production of 18,000 sonobuoys for the U.S. Navy.... Read More
Indiana manufacturers say the pandemic is no longer threatening their businesses, but many report challenges in the supply chain and surging demand have increased in recent months, according to a new survey. The "2022 Indiana Manufacturing Survey: Back to Work," was conducted by Indianapolis-based Katz, Sapper & Miller in partnership with the Indiana University Kelley School of Business and the Indiana Manufacturers Association. The survey shows 45% of respondents have seen a surge in demand, while 81% are experiencing supply chain shortages.... Read More
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
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
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
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
General Motors Co. (NYSE: GM) is idling production at its pickup truck factory in Fort Wayne for two weeks next month because the company is running short of computer chips.... Read More
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
GE Aviation in Terre Haute has been awarded the Occupational Safety and Health Administration’s top workplace recognition. The company is now certified as a Star site for its commitment to employee health and safety.... Read More
A Richmond-based manufacturer plans to invest nearly $6.5 million to expand its Wayne County operations. The Palladium-Item reports Vandor Corp. is seeking multiple tax abatements for the project, which would create nearly 30 jobs.... Read More
Dometic Americas has announced plans to cease manufacturing activities at its Elkhart location. The Elkhart Truth reports more than 150 employees will be affected.... Read More
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
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
