Advanced Manufacturing & Logistics

Bus Manufacturer Details Indiana Layoffs

A manufacturer of single and double decker buses headquartered in the United Kingdom has notified the state of layoffs related to the previously-announced closure of two northern Indiana facilities. In separate WARN Notices, Alexander Dennis Inc. says it will permanently close its locations in Nappanee and Peru, affecting nearly 200 jobs.... Read More

State Awards More Manufacturing Readiness Grants

The Indiana Economic Development Corp. has awarded more than $3.6 million to 44 Hoosier businesses in its latest round of Manufacturing Readiness Grants. The grant program was established last year to stimulate private sector investment in an effort to modernize the state's manufacturing industry.... Read More

GM Investing $51M in Bedford Plant

General Motors Co. (NYSE: GM) has announced plans to invest more than $51 million into its facility in Bedford. The automaker says it will install state-of-the-art equipment to support the manufacture of drive unit castings for the Chevrolet Silverado EV, as well as other existing applications.... Read More

Hillenbrand Company Gifts Machinery

Ohio-based Milacron Injection Molding and Extrusion says it is making an investment in the future workforce with its machinery donation to Shawnee State University. Milacron, an industrial technology company for the plastics processing industry, is a subsidiary of Batesville-based Hillebrand Inc. (NYSE: HI).... Read More

Plastics Company Expands Elkhart Facility

Wisconsin-based Placon is celebrating the opening of its expanded medical facility in Elkhart. The Elkhart Truth reports the plastic packaging manufacturer has invested $11 million to construct the 42,000-square-foot addition and create up to 25 jobs.... Read More

Former Visteon Plant Acquired

An affiliate of Wisconsin-based commercial real estate firm Phoenix Investors has acquired the former Visteon manufacturing plant in Connersville. Financial details are not being disclosed, though Phoenix says it has plans to renovate the the nearly 70-year-old facility.... Read More

Metal Recycler Lands Major Funding

Fort Wayne-based Sortera Alloys has closed on a $10 million round of funding led by Breakthrough Energy Ventures in Washington. The company, which has developed a technology platform for the industrial recycling industry, says it will use the funding to scale operations and add jobs.... Read More

Allison Transmission to Develop Electric Motorsport Trucks

Indianapolis-based Allison Transmission (NYSE: ALSN) is partnering with Team de Rooy, a multiple-time winner of the Dakar Rally race, to develop electric trucks for motorsport competitions. The company says testing is scheduled to begin on an electric truck equipped with a conventional Allison transmission in early 2022.... Read More

Cummins Invests in Battery Power

Columbus-based Cummins Inc. (NYSE: CMI) has entered into an agreement with Arizona-based Sion Power Corp., a developer of high-energy rechargeable batteries, to design and supply battery cells. Cummins says the battery cells are based on Sion Power's proprietary lithium metal technology for commercial electric vehicles.... Read More

Convicted Manufacturing Execs Ordered to Pay Penalties

The U.S. Securities and Exchange Commission has announced final judgments against two former executives of an Evansville plastics manufacturer. The SEC says Kevin Kuhnash and Jason Jimerson are being ordered to pay more than $2 million in penalties and interest after being sentenced to prison earlier this year on charges of securities fraud and money laundering.... Read More

La Porte Company Makes Acquisition

La Porte-based Boss Industries is adding a manufacturer of remote mobile power units to its portfolio. The company has acquired HIPPO Multipower, headquartered in Missouri, though financial terms of the deal are not being disclosed.... Read More

Supply Chain Impacting Wabash Valley Businesses

Thanksgiving is just a few days away, but one thing business owners are not giving thanks for this year is supply chain shortages. That's why one family-owned business in Terre Haute is learning to adapt and be flexible this holiday season.... Read More

Patrick Industries Buys Seating Manufacturers

Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has acquired Williamsburg Marine LLC and Williamsburg Furniture Inc., a manufacturer of marine and motorized RV seating in the Kosciusko County town of Milford. Financial terms of the deal were not disclosed.... Read More

Allegion to Grow Indy Presence, Add Jobs

Ireland-based Allegion plc (NYSE: ALLE) has announced plans to grow the central Indiana footprint of its Schlage Lock Co. LLC subsidiary. The security products and solutions provider says it will invest $13 million to enhance its manufacturing and engineering capabilities in Indiana, and create up to 325 jobs by the end of 2026.... Read More

Full-Year Loss Widens for Haynes International

Kokomo-based Haynes International Inc. (Nasdaq: HAYN) is reporting a fiscal full-year net loss of $8.7 million, compared to a loss of $6.5 million the previous year. Despite the drop, Chief Executive Officer Michael Shor says the company "saw the first signs of meaningful growth" in its aerospace segment.... Read More