Pittsburgh-based U.S. Steel Corp. (NYSE: X) has temporarily idled the No. 5 tin line at its Gary Works facility. Spokesperson Amanda Malkowski told our partners at The Times of Northwest Indiana on Tuesday the move was made due to market conditions.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) and Canada-based Buhler Industries Inc., a tractor manufacturer that operates under the Versatile brand, are planning to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment. Cummins says the collaboration, and the new powertrain technologies, are leading decarbonization efforts within the agriculture market.... Read More
A company in Seymour will resume manufacturing ironing boards beginning next week. The Tribune reports the operation will run under a new name, Seymour Home Products, after Chicago-based Home Products International-North America Inc. shut down production earlier this year.... Read More
Indiana State University is partnering with France-based transportation and logistics provider GEODIS on a new space at the Made @ Plainfield higher education and workforce training center. Officials on Friday cut the ribbon on the Logistics 4.0 Innovation Hub, which is designed to train individuals in artificial intelligence, machine learning, and logistics management.... Read More
Elwood-based tomato processor Red Gold Inc. has started operations at a 250,000-square-foot expansion of its distribution center in Alexandria. ... Read More
A subsidiary of Fishers-based Land Betterment Corp. is adding to its portfolio. ekō Solutions, which manufactures sustainable homes out of upcycled shipping containers for temporary disaster relief or permanent housing, has acquired CSI Equipment Sales LLC in Alabama in an all-stock deal valued at $6 million.... Read More
Indianapolis-based MITO Material Solutions will Wednesday cut the ribbon on its new headquarters on the city's northwest side. The startup, which manufactures hybrid polymer additives for a variety of industries, says the expansion is the result of a $4.6 million seed round of funding earlier this year.... Read More
The Columbus City Council has approved tax abatement requests for two companies involved in a single expansion project. The Republic reports the incentives will support the project totaling $7 million in investment and the addition of nearly a dozen jobs.... Read More
Elkhart-based Vixen Composites has completed its move into a new facility in the Aeroplex Industrial Park. The company, which produces fiberglass reinforced plastic and composite structural panels for a variety of industries, says the new location provides additional space to expand its product lines.... Read More
One of the key components of the supply chain challenge the country is currently seeing is a shortage of truck drivers. And while some companies say things are improving, our partners at WPTA-TV report a program at Ivy Tech Community College's Fort Wayne campus is seeing demand from companies to fill those gaps.... Read More
Arkansas-based ABF Freight System cut the ribbon on its new, $4.8 million facility in Fort Wayne on Wednesday. The city says the company's previous location will be torn down to make way for Dreyer’s Grand Ice Cream's previously-announced $145 million expansion.... Read More
Indianapolis-based logistics company Backhaul Direct has acquired a central Indiana trucking company, which the third-party logistics company says will allow it to streamline its local and regional supply chain. Financial details of the purchase of Bakers Express and DNK Express were not disclosed.... Read More
A pair of companies in Wayne County is planning to expand operations, the EDC of Wayne County announced Monday. The projects from Vandor Corp. and Dot Transportation Inc. total $8.3 million in investment and the creation of more than 70 jobs.... Read More
A tool-making company in Delaware County is marking its new location. Taurus Tool and Engineering recently relocated to a 66,000-square-foot facility in Muncie, which is more than double its previous space and provides room to expand.... Read More
Another one of Indiana's largest companies is expressing its opposition to the abortion bill signed into law Friday by Governor Eric Holcomb. In a statement shared to employees on Saturday, Columbus-based Cummins Inc. (NYSE: CMI) said it is "deeply concerned" how the law impacts its employees and impedes its ability to attract and retain a diverse workforce in Indiana.... Read More
Minnesota-based Winnebago Industries Inc. (NYSE: WGO) has announced Bill Fenech will retire from his role as president of Bristol-based Barletta Pontoon Boats later this year. Winnebago, which acquired Barletta last year, says Jeff Haradine will be promoted to president from his current role as vice president of sales.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) on Wednesday announced the completion of its $3.7 billion acquisition of Meritor Inc. in Michigan. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain products for the commercial vehicle and industrial markets.... Read More
The Decatur City Council has removed a roadblock for a planned $25 million slaughterhouse that will be located inside a former ice cream manufacturing plant in the Adams County city and create about 200 jobs. ... Read More
Rolls-Royce Corp. in Indianapolis has been awarded a $854 million contract from the U.S. Department of Defense. The contract calls for depot-level engine repair services for the turboprop engines on the C/KC-130 aircraft in support of the U.S. Marine Corps and the government of Kuwait.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is reporting second quarter net income of $702 million, compared to $600 million during the same period last year. Chief Executive Officer Jennifer Rumsey says demand for the company's products remained strong across most of its key markets and regions, apart from China.... Read More
