Terre Haute-based Garmong Development is detailing plans for what it calls a signature project in Brownsburg. The Commerce Park at Brownsburg Raceway is being developed on 47 acres near Lucas Oil Indianapolis Raceway Park and is designed to promote research & development and manufacturing for the autosports industry. ... Read More
Janus Motorcycles in Goshen has won the 2022 Coolest Thing Made in Indiana contest from the Indiana Chamber of Commerce. The manufacturer beat out 64 other competitors from around the state to win the bracket-style tournament.... Read More
Indianapolis-based Ambrose Property Group says work has begun on a more than 500,000-square-foot building at the Westpoint Business Park in Monrovia. The developer says the $40 million facility, set for completion in September, will target logistics, industrial and light manufacturing use.... Read More
An executive with Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) says the company's recent growth is due to both increased market demand and strategic investments. The steelmaker reported record profit in 2021 and last week announced plans to hire up to 200 employees in northeast Indiana. Senior Vice President Chris Graham says the company is confident it will find the workforce it needs because of its reputation as an employer.... Read More
Elkhart-based Patrick Industries Inc. (Nasdaq: PATK) is reporting full-year net income of $225 million, up from $97 million the previous year. President Jeff Rodino says market conditions across the manufacturer's platform have remained strong despite challenges from the pandemic.... Read More
Peak Toolworks, a manufacturer of diamond and carbide cutting tools headquartered in Jasper, has acquired Elkhart-based Tooling Concepts Inc. Financial terms of the deal were not disclosed, though Peak says it plans to further invest in the Elkhart region.... Read More
Fort Wayne-based Steel Dynamics Inc. (Nasdaq: STLD) is looking to add 200 employees in northeast Indiana. The company says the additions will support ongoing growth in the region.... Read More
Elkhart-based LCI Industries (NYSE: LCII) is reporting record full-year net income of $288 million in 2021, up from $129 million the previous year. Chief Executive Officer Jason Lippert said, despite challenges involving labor, freight and supply chains, the company delivered record revenues of $4.5 billion in 2021.... Read More
The Ports of Indiana has a new cargo terminal operator for its Jeffersonville Port. Indiana Cargo Crossroads, a partnership between the Ports of Indiana and Superior River Terminals Indiana, will provide stevedoring and distribution services.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) says it has agreed to purchase the remaining share of its joint venture with Westport Fuel Systems Inc. (Nasdaq: WPRT) in Canada. The joint venture, which ended on December 31, was created for the development of natural gas engines.... Read More
The global semiconductor shortage is forcing Ford's (NYSE: F) Chicago Assembly Plant to be idled this week. Our partners at The Times of Northwest Indiana report thousands of auto workers, including many from northwest Indiana, will be temporarily out of work, beginning today.... Read More
A Goshen-based manufacturer of modern stairs and railing has detailed plans for an inflation protection plan for employees. Viewrail says it will review inflation rates each quarter and increase wages to match inflation.... Read More
Tennessee-based Averitt Express Inc. has announced plans to lay off more than 60 employees in Evansville. The company says the move is due to its contract to provide truck driving, switchers and related services out of Shoe Carnival's (Nasdaq: SCVL) distribution center in Evansville not being renewed.... Read More
Columbus-based Cummins Inc. (NYSE: CMI) is reporting full-year net income of $2.1 billion in 2021, compared to $1.8 billion the previous year. Chief Executive Officer Tom Linebarger says strong economic recovery combined with high demand for the company's products resulted in record full year revenues last year.... Read More
Fort Wayne-based Dovetail Brands, an affiliate of Ambassador Enterprises, has acquired Grabill Cabinets in Allen County. While financial terms of the deal were not disclosed, Dovetail says former Grabill owners David Carnahan and Martin Heiny will continue in leadership roles.... Read More
he chief executive officer of the Ports of Indiana says the positive year-end report for the state's three ports is representative of Indiana's recovering economy. The port authority this week announced more than 11 million tons of cargo were handled at the port in 2021.... Read More
The Ports of Indiana says the state's three ports handled more than 11.2 million tons of cargo in 2021, which is a nearly 34% increase from the previous year. Additionally, the ports in Burns Harbor and Jeffersonville set new records for their highest annual shipment totals.... Read More
Fort Wayne-based investment management company SOLV Holdings says it has acquired a majority stake in another Fort Wayne company. Financial terms of the deal for advanced metal fabricator and contract manufacturer QuikCut Inc. were not disclosed.... Read More
The human resources manager for Dreyer's Grand Ice Cream says increased demand for the company's products led to the need for continued investment and expansion at its Fort Wayne facility. ... Read More
Dreyer's Grand Ice Cream is once again growing in northeast Indiana. The company says it is looking to hire an additional 100 employees at its Fort Wayne facility as it also plans to increase its starting hourly wage to at least $20 an hour.... Read More
