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
A Switzerland-based logistics company is detailing plans to lay off more than a dozen employees in central Indiana. In a notice to the state, Kuehne+Nagel Inc. says it will cease operations for Rolls-Royce Corp. at its facility in Plainfield.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting first quarter net income of $112.7 million, a 137% increase over the same period last year. Chief Executive Officer Andy Nemeth attributes the results to improved scheduling and more consistent material procurement, as well as strong production levels across all end markets.... Read More
An Elkhart-based packaging company is expanding its corrugator operations to Indianapolis. Welch Packaging says it is installing a new corrugator line in an existing facility on the city's northwest side and plans to create at least 50 jobs.... Read More
Ohio-based The Gorman-Rupp Co. (NYSE: GRC) says it will acquire the Fill-Rite business of Tuthill Corp. in Chicago in a $525 million deal. Fill-Rite, based in Fort Wayne, manufactures the Fill-Rite and Sotera brands of liquid transfer pumps, meters and related products at facilities in Allen County and Lenexa, Kansas.... Read More
