The United Steelworkers union is continuing to detail its concerns over the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel announced last month. The union said it is demanding a meeting with U.S. Steel CEO David Burritt.... Read More
The competition is the result of a partnership between Batesville-based Hillenbrand, Inc., The Coca-Cola Company and California-based not-for-profit Net Impact.... Read More
New York-based Liberation Labs is partnering with Ivy Tech Community College in Richmond to train future employees at the company's $115 million biomanufacturing facility currently under construction. The biomanufacturing workforce training program will equip...... Read More
Florida-based Ryder System Inc. has opened a 1 million-square-foot distribution center in Jeffersonville. The logistics and transportation company is operating the facility for Lexington, Kentucky-based Lexmark and is adding 150 jobs.... Read More
German logistics firm DHL Supply Chain is taking on another 130,000 square feet of warehousing space in Whiteland, marking the latest in a series of investments by the company in Johnson County.... Read More
Elkhart-based Patrick Industries Inc. on Thursday announced plans to acquire a manufacturer of components for the powersports industry. The all-cash deal for Sportech LLC, based in Elk River, Minnesota, is valued at $315 million.... Read More
Columbus-based engine maker Cummins Inc. must complete a nationwide recall of 600,000 Ram trucks as part of a settlement with federal and California authorities that also requires the company to remedy environmental damage caused by...... Read More
EcoVantage, a manufacturer of thermally modified wood products headquartered in the DeKalb County town of St. Joe, is under new ownership. Minnesota-based Arbor Wood Co. has acquired EcoVantage, though financial terms of the deal are not being disclosed.... Read More
A roofing products manufacturer headquartered in Oregon is planning an expansion into Indiana. Our partners at The Herald Bulletin report Malarkey Roofing plans to invest $200 million to build a manufacturing plant in Anderson and create up to 200 jobs.... Read More
The four-year contract has a starting wage of $20 an hour and bonuses adding up to $7,000. The new deal also includes “historic wage increases” and the elimination of wage tiers, the union said.... Read More
Indianapolis-based Hurco Companies is reporting fiscal full-year net income of $4.4 million, down from $8.2 million the previous year. Despite the drop, CEO Greg Volovic said the company was bolstered by strong Q4 sales in the U.S., United Kingdom and Germany.... Read More
Plans originally called for Amazon to open an 800,000-square-foot warehouse in Elkhart County last May, but the building remains idle with no clear idea on when operations will begin.... Read More
BorgWarner Inc. is providing more details on its previously-announced layoffs at one of its plants in Kokomo. In a notice to the state, the company said 11 more employees are being let go as part of the first round of layoffs, bringing the total to 93.... Read More
An advanced components manufacturer in Delaware County is adding to its portfolio. Yorktown-based Mursix Corp. said Wednesday it has acquired Aul Brothers Tool and Die in Muncie, though financial terms of the deal are not being disclosed.... Read More
A new machining business in Starke County is now open after cutting the ribbon this week on its new facility in the Knox Industrial Park. Wakal Machining LLC was founded by veteran tool and die maker Bill Wakal and his wife, Sherry.... Read More
Leaders of the United Steelworkers are expressing their concerns with the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel. The union said the proposed sale was sprung on the union on Dec. 18 when the deal was announced.... Read More
A new survey shows Indiana manufacturers are adjusting their future plans due to inflation and high interest rates. The survey shows about a quarter of the 80 manufacturing companies based in Indiana believe their current financial performance is challenged.... Read More
A manufacturer of iron castings with a presence in southern Indiana will soon be under new ownership. Waupaca Foundry is set to be acquired by Connecticut-based private investment firm Monomoy Capital Partners, though financial terms are not being disclosed.... Read More
Cummins will pay $1.675 billion to settle allegations that the engine-maker violated the Clean Air Act, the company announced Friday. This is the largest settlement ever reached under the Clean Air Act, and the second largest of any environmental penalties.... Read More
President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.... Read More
