Elkhart-based Thor Industries is reporting fiscal third quarter net income of $113.6 million, down from $120 million during the same period last year. CEO Bob Martin said Wednesday that despite the dip the company remains confident in its long-term outlook.... Read More
The zero-emissions business unit of Columbus-based Cummins Inc. has completed the formation of a joint venture with three other companies to produce battery cells for commercial vehicle and industrial applications.... Read More
A manufacturer of geothermal HVAC systems is making a major expansion to its Allen County operations. WaterFurnace International has broken ground on a $14 million, 173,000-square-foot expansion of its Fort Wayne headquarters.... Read More
A welder’s flame fuses a pontoon tube at Smoker Craft Inc.’s manufacturing campus in Elkhart County, but no one is holding the torch. Rather, three computer-controlled robots are doing the work. It’s a major change from the way pontoon boats used to be made.... Read More
A Texas-based bathtub and shower manufacturer is planning to close its facility in Three Rivers, Michigan, just 15 miles north of the Indiana border. American Bath Group says the closure will result in the layoffs of 101 employees.... Read More
Pittsburgh-based U.S. Steel announced Thursday that its proposed $14.1 billion sale to Nippon Steel Corp. in Japan has received all regulatory approvals outside of the United States. The deal, which has not been approved by U.S. regulators, received...... Read More
An executive with Columbus-based Toyota Material Handling says the company's nearly $100 million expansion follows an analysis of the company's future over the next decade. Officials from the company joined Gov. Eric Holcomb on Thursday to break ground on...... Read More
New Jersey-based Campbell Soup Co. has announced a supply chain optimization plan that will see the elimination of 415 jobs, including 85 in Clark County. The company said Tuesday its Jeffersonville plant will transition to specialize in the production of...... Read More
Columbus-based Cummins has inked a lease for a more than 1 million-square-foot warehouse and distribution facility at the Mohr Logistics Park in Whiteland. Financial terms of the deal—as well as the company's specific plans for the facility—were not disclosed.... Read More
Ohio-based MasterBrand Cabinets LLC, which has a major presence in Dubois County, has announced plans to acquire Supreme Cabinetry Brands Inc., headquartered in Waterloo, Iowa. MasterBrand says the $520 million cash deal will allow the company to...... Read More
Orders placed with U.S. factories for business equipment rose by more than forecast in April, indicating firms are still focused on making long-term investments despite an uncertain outlook and high borrowing costs. The value of core capital goods orders...... Read More
Faced with overwhelming demand for its diabetes treatment Mounjaro and weight-loss treatment Zepbound, Indianapolis-based drugmaker Eli Lilly and Co. said Friday it plans to invest another $5.3 billion in its brand-new Boone County manufacturing complex.... Read More
A Bloomington-based automated construction and design company combines emerging technology with an ancient building technique in an effort to build more affordable, quality housing stock.... Read More
New Paris based boat company, Smoker Craft, received the inaugural Conexus Indiana Manufacturing Innovation Award at the Mira Awards held last month in Indianapolis. One of the largest fiberglass deck boat manufacturers in the world and specializing in aluminum boat production, Smoker Craft implemented automation solutions to solve its labor shortage, increase productivity and revenue.... Read More
An 85-year-old cabinet manufacturer headquartered in Sellersburg is planning to close its doors this summer. In a notice to the state, Haas Cabinet Co. said the closure will affect 119 workers.... Read More
Marian University will launch a new online logistics and supply chain management bachelor's degree program next fall. The program is available to new students but was targeted and made accessible for working professionals and those considering career changes.... Read More
New York-based 1440 Foods, a portfolio of sports and active nutrition brands, is moving its main manufacturing operations to Jeffersonville. The company plans to invest $60 million to set up shop in the River Ridge Commerce Center and create nearly 200 jobs.... Read More
A mostly vacant campus in Bloomington will not become a microelectronics manufacturing and packaging facility after Chicago-based NHanced Semiconductors told the Monroe County Council Tuesday night that federal and private funding fell through for the project.... Read More
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.... Read More
Subaru of Indiana Automotive will soon be adding to its roster. Subaru Corp. CEO Atsushi Osaki said during an earnings call Monday that the Lafayette plant has been tapped to manufacture both the hybrid and traditional gasoline models of the Forester SUV.... Read More
