Indianapolis-based Hurco Companies Inc. (Nasdaq: HURC) is reporting fiscal full-year net income of $6.8 million, compared to a net loss of $6.2 million the previous year. Chief Executive Officer Greg Volovic says the CNC machine manufacturer has rebounded well from challenges caused by the pandemic.... Read More
Greater Lafayette Commerce says it plans to use a nearly $5 million grant from the Indiana Department of Education to create a new accelerator program. The nonprofit economic and workforce development organization says the program is designed to help students overcome hurdles caused by the pandemic and graduate from high school ready for a career and continued education.... Read More
Bloomington-based Cook Medical has achieved a key goal in its effort to build a $15 million manufacturing plant on the northeast side of Indianapolis. Our partners at the Indianapolis Business Journal report the facility is being built with 100% minority-owned contractors and subcontractors.... Read More
Lafayette-based manufacturer Wabash (NYSE: WNC) has inked a five-year research and development partnership with Purdue University. The company, which produces a variety of trailers, truck bodies and related components, says the goal to accelerate efforts to bring innovative products to market.... Read More
Plainfield-based MD Logistics is mourning the loss of one of its co-founders. Mark Sell, who had previously served as the company's chief executive officer and was most recently its executive advisor, has died after a brief battle with cancer.... Read More
The boom in U.S. recreational vehicle sales has resulted in the highest-ever annual production mark for the industry that’s centered in northern Indiana.... Read More
The board of directors for Evansville-based Escalade Inc. (Nasdaq: ESCA) has selected Walter Glazer as the company's next chief executive officer. Glazer, who has served in the role on an interim basis since February, has been a member of the Escalade board since 2015.... Read More
South Bend-based Lock Joint Tube is planning to grow its existing facility in Texas with a $21 million expansion project. The steel tubing manufacturer, which also has locations in Ohio and Tennessee, says it plans to create more than 30 jobs.... Read More
Amazon has opened a new mini fulfillment center in Greenwood. Our partners at the Daily Journal report the 100,000-square-foot building is designed to provide faster delivery speeds for customers.... Read More
The Indiana Rail Road Co. has completed what it is calling a "dynamic upgrade" to its transload facility in Odon. The Indianapolis-based railroad says the enhancements will support the safe handling and storage of weather-sensitive products.... Read More
A manufacturer in Hancock County is growing its operations. Tech Castings LLC, which makes superalloy investment castings for the aerospace, manufacturing, and medical industries, says it will invest $4.5 million to expand its facility in the town of Shirley and add up to 20 jobs.... Read More
Stellantis is nearing completion of a $400 million revamp of a once-idled transmission plant in Kokomo. However, the Kokomo Tribune reports the facility, which will be known as the Kokomo Engine Plant, may not be fully operational by the end of the year as originally planned.... Read More
Michigan City-based Dwyer Instruments has acquired Universal Flow Monitors Inc. in Michigan, a manufacturer of flow meters and controls for industrial applications. Financial details of the deal were not disclosed.... Read More
A sound insulation company headquartered in Pennsylvania has announced plans to close its facility in Granger. In a notice to the state, Molded Acoustical Products of Easton Inc. says the closure will result in the layoffs of 114 employees.... Read More
South Whitley-based modular building provider Whitley Manufacturing has made a leadership change. The company, which began just after World War II to provide homes for returning veterans, has promoted Drew Welborn to president.... Read More
A $30 million expansion of Fort Wayne-based Tippman Group's warehousing facility in Anderson is receiving support from the city. Our partners at The Herald Bulletin report the Anderson City Council has approved a seven-year tax abatement for the project, which is expected to create 20 jobs.... Read More
A new study from Conexus Indiana reveals the number of advanced manufacturers in Indiana that have adopted or grown the next generation of technologies has doubled since last year... Read More
A manufacturer of single and double decker buses headquartered in the United Kingdom has notified the state of layoffs related to the previously-announced closure of two northern Indiana facilities. In separate WARN Notices, Alexander Dennis Inc. says it will permanently close its locations in Nappanee and Peru, affecting nearly 200 jobs.... Read More
Houston-based Meridian Adhesives Group has acquired American Sealants Inc. in Fort Wayne. Meridian says ASI will join its industrial division, serving the flooring, packaging and product assembly markets.... Read More
The Indiana Economic Development Corp. has awarded more than $3.6 million to 44 Hoosier businesses in its latest round of Manufacturing Readiness Grants. The grant program was established last year to stimulate private sector investment in an effort to modernize the state's manufacturing industry.... Read More
