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
Nappanee-based ATC, a manufacturer of aluminum RVs and trailers, has broken ground on a 221,000-square-foot facility that will be used for RV product operations. ATC says its current headquarters will be relocated to the new facility when construction wraps, and the expansion is expected to create up to 200 additional jobs.... Read More
A Sweden-based automotive supplier says it will shut down its DeKalb County operations. In a notice to the state, CJ Automotive says it will close its facility in Butler this summer, affecting 110 employees.... Read More
The president of Creative Works in Mooresville says the recovery from the pandemic has boosted his company's business. Creative Works designs manufactures and installs themes, props and attractions for the amusement industry around the globe and in February, said it would invest $7 million to relocate its headquarters to the southwest side of Indianapolis next month.... Read More
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
