Elkhart-based LCI Industries is reporting record full-year net income of $395 million, up from $288 million during 2021. CEO Jason Lippert says diversification and staffing actions helped mitigate the impact on earnings.... Read More
The Ports of Indiana Commission on Monday approved the appointment of Jody Peacock as the statewide port authority's new CEO. Peacock joined the ports in 2001 and most recently served as senior vice president for business development.... Read More
A subsidiary of Michigan-based Viking Group Inc. is planning to build a new pipe manufacturing plant in Richmond. MV Pipe LLC will construct the facility on a 40-acre site, and the project is expected to create 111 jobs.... Read More
A utility trailer manufacturer in northeast Indiana broke ground Thursday on a new manufacturing plant. Markle-based Novae LLC is investing $35 million to build a 150,000-square-foot facility and create up to 36 jobs by the end of 2024. ... Read More
The Indiana Next Generation Manufacturing Competitiveness Center, or IN-MaC, is partnering with Ivy Tech Community College Lafayette to launch an initiative creating a high school-to-career pathway for students in Montgomery and Boone counties. ... Read More
Fort Wayne-based Interstate Cold Storage is celebrating a milestone in 2023. The refrigerated warehouse company will mark 50 years in business this year, going from a one-warehouse operation to five locations in Indiana and Ohio with more than 100 employees.... Read More
Batesville-based Hillenbrand is reporting fiscal first quarter net income of $45.5 million, down from $49 million the previous year. CEO Kim Ryan said the company had a "solid start" to the year driven largely by "healthy demand" and recent acquisitions.... Read More
The general manager for Endress+Hauser USA says the measurement instrumentation provider is looking to schools to find the next wave of talent. Todd said the company has worked with universities to attract talent in the past, but more could be done.... Read More
Two Indiana companies are included in Forbes' ranking of "America's Best Small Companies" for 2023. The companies were ranked based on a variety of factors, including earnings growth, sales growth, and return on equity over a 12-month and five-year period.... Read More
Jasper-based Kimball Electronics is reporting fiscal second quarter net income of $10.7 million, up from $5.1 million during the same period the previous year. The company's quarterly net sales also increased 39% to more than $436 million, a quarterly record.... Read More
The Indiana Economic Development Corp. and Conexus Indiana say they awarded 186 Manufacturing Readiness Grants totaling $22.7 million lasy year. The program, which was launched in 2020, aims to help manufacturers increase production efficiency while stimulating private sector investments and modernizing Indiana’s manufacturing industry.... Read More
Bristol-based Stealth Enterprises LLC has permanently laid off 53 employees at its northern Indiana facility. In a notice to the state dated Jan. 27, the cargo trailer manufacturer cited "unforeseen business circumstances" as the reason for the reduction.... Read More
Connecticut-based LongRange Capital has completed its $761 million acquisition of the former Batesville Casket Co. from Batesville-based Hillenbrand Inc. The acquired company, now known as Batesville Services LLC, will operate as an independent company.... Read More
St. Joseph County Executive Director of Economic Development Bill Schalliol says New Carlisle is still the likely choice for a planned EV battery manufacturing plant. "What we've been told is if they're going to build a fourth plant, it likely will be here."... Read More
A California-based EV manufacturer with a presence in northern Indiana is facing potential delisting from the Nasdaq. Mullen Automotive said this week it is continuing efforts to bring its stock price above the $1.00 bid requirement before a March 6 deadline.... Read More
A study from the Washington D.C.-based Environmental Energy Project cites the BP Whiting Refinery as a top polluter in the U.S. The environmental group said Thursday the refinery is among the top five for selenium and nitrogen discharges.... Read More
The CEO of New York-based Liberation Labs says locating its first biomanufacturing facility in Richmond brings multiple benefits. The facility will produce alternative proteins, which are used in food products such as almond milk and plant-based meat.... Read More
A precision fermentation manufacturer is planning to develop its first biomanufacturing facility in east central Indiana. Liberation Labs said Tuesday it will invest $115 million to build the commercial-scale facility in Richmond and add 45 jobs.... Read More
Columbus-based Cummins has opened its first Technical Education for Communities location at Arsenal Technical High School in Indianapolis. The global program targets technical skills gaps through local vocational educational training.... Read More
Plans for a $2.4 billion electric vehicle battery manufacturing plant that could potentially be located in Indiana are reportedly on hold indefinitely. The Wall Street Journal reports GM and Korea-based LG Energy Solution failed to come to an agreement.... Read More
