Eli Lilly and Co. (NYSE: LLY) is planning a major expansion of its central Indiana operations. The pharmaceutical giant says it will invest $2.1 billion to build two manufacturing facilities in Boone County and create up to 500 jobs. The plants are designed to boost Lilly's manufacturing capacity for active ingredients and new therapeutics such as genetic medicines.... Read More
An Indianapolis nonprofit is looking to help unemployed and underemployed Hoosiers prepare for better career opportunities in blue collar industries such as manufacturing and logistics. Project Azul Executive Director Yecenia Tostado says the organization targets individuals who are systemically marginalized, including ethnic and minority groups, immigrants and refugees, and those with only a high school diploma or less.... Read More
A major manufacturing plant is set to bring hundreds of jobs to Howard County. Global automaker Stellantis (NYSE: STLA) and Samsung SDI are forming a joint venture that will invest more than $2.5 billion to build an electric vehicle battery facility in Kokomo and create 1,400 jobs. ... Read More
State and local officials are set to make an economic development announcement today in Kokomo. Few details are available, but executives from global auto manufacturing giant Stellantis (NYSE: STLA) will be on hand along with Governor Eric Holcomb.... Read More
North Carolina-based Nucor Corp. (NYSE: NUE) has announced plans to acquire C.H.I. Overhead Doors in Illinois in a deal valued at $3 billion. Nucor, which has multiple locations in Indiana, says the deal includes the overhead door manufacturer's plant in Terre Haute.... Read More
Steel Harbor LLC, a stainless steel fabrication startup based in Goshen, was denied economic incentives from the Elkhart County Council. The Elkhart Truth reports the company plans to spend more than $6 million to build and equip a 55,000-square-foot facility in the Elkhart East business park.... Read More
Indianapolis-based Allison Transmission Inc. (NYSE: ALSN) is partnering with Xos Inc. (Nasdaq: XOS), a Los Angeles-based manufacturer of Class 5 through Class 8 battery-electric vehicles, to jointly develop heavy-duty Class 7 and 8 commercial electric vehicles. Allison says its eGen Power e-Axles will be integrated into Xos Class 7 and 8 100% battery-electric commercial vehicles.... Read More
Vincennes-based Skill Precast LLC is planning to build a new manufacturing site in Knox County. The company, which makes precast concrete wall panels and pole bases, says it will invest $2.2 million to construct the facility and create up to 15 jobs.... Read More
A manufacturer of pontoon and deck boats has broken ground on a $10 million expansion in Elkhart. Godfrey Marine says the expansion to its manufacturing facility will add more than 50 jobs over the next 18 months.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) and Daimler Truck North America, a heavy-duty truck manufacturer based in Oregon, are partnering to install Cummins' hydrogen fuel cell powertrain on Freightliner Cascadia trucks. The partners say the collaboration will support their shared goal to reduce emissions.... Read More
Michigan-based Teijin Automotive Technologies will Thursday break ground on a $110 million expansion at its manufacturing plant in Huntington. The automotive components manufacturer says the project will add 164,000 square feet of space and create up to 225 jobs over the next several years.... Read More
a case competition designed to boost innovation and sustainability in plastics. The 2022 Plastics & Circularity Case Competition will be open to the more than 130,000 Net Impact members to figure out...... Read More
Elkhart-based LCI Industries (NYSE: LCII) is reporting first quarter net income of $196.2 million, up $122.1 million during the same period last year. LCI Industries’ President and Chief Executive Officer Jason Lippert says the company achieved record revenue and EBITDA during the quarter.... Read More
Nearly 90 union workers at FireKing International LLC in New Albany went on strike Monday after rejecting a "best and final proposal" for a new collective bargaining agreement. The Teamsters Local 89 claim the company's offer "failed to keep wages up with inflation or the industry standard" and "failed to address serious inadequacies in the company’s healthcare plan."... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed the acquisition of Diamondback Towers LLC, a Florida-based manufacturer of wakeboard and ski towers and accessories for marine original equipment manufacturers. Financial terms of the deal were not disclosed.... Read More
Middlebury-based Grand Design RV has unveiled its 300,000-square-foot customer service facility. The Elkhart Truth reports the facility is part of a larger growth initiative that Grand Design says will create up to 700 jobs.... Read More
Bloomington based Cook Medical’s new Indianapolis manufacturing plant could mean 200 jobs over the next several years, but the jobs and the $15 million investment are only part of the story. Employees at the plant, which officially opened last week, will come from the neighborhood around East 38th Street and Sheridan Avenue, which has been struggling economically for years. ... Read More
Columbus-based Toyota Material Handling and Cornell University’s College of Engineering are forming a partnership to provide hands-on engineering experience. Toyota says the Forklift Learning Studio will incorporate Toyota equipment to provide an immersive education that connects theory with application.... Read More
The president of Bloomington-based Cook Medical Inc. says a new manufacturing plant on the near northside of Indianapolis is a win-win for everyone. The company, along with Goodwill of Central and Southern Indiana and the Central Indiana Community Foundation, this morning marked the opening of the facility, which will ultimately employ 100 area residents. ... Read More
A global distribution company headquartered in New York is setting up shop in central Indiana. PCA Group, which provides logistics and digital marketing services for the beauty and wellness sector, has opened a distribution facility in Lebanon and plans to add more than 100 jobs.... Read More
