One Southern Indiana, the chamber of commerce and economic development organization for Clark and Floyd counties, says Voestalpine Roll Forming Corp. would invest nearly $78 million to grow operations and create 100 jobs, if the city is chosen for the project.... Read More
The Indiana Rail Road Co. board of directors has tapped Joseph Gioe to serve as the railroad's next president and CEO. Gioe most recently served as vice president of transportation at Norfolk Southern in Atlanta, Georgia.... Read More
Poseyville-based manufacturer Nix Industrial has completed the relocation of its coatings operation. A spokesperson said the move brings the operation closer to the company's metal fabrication and machining facilities in order to streamline operations.... Read More
Indiana’s economic development conversations are becoming increasingly centered on a high-tech manufacturing industry in which few current Hoosier workers have experience: semiconductors, also called computer chips or microchips. As the federal government hustles to bring the industry back to the United States from foreign shores, Indiana is attempting to snag multibillion-dollar private-sector investments and millions […]... Read More
Jasper-based Kimball Electronics has completed the divestiture of its Automation, Test & Measurement business, the company announced Thursday. The company closed on the sale to Averna Technologies in Montreal, Quebec, on Wednesday.... Read More
A manufacturer of vehicle-mounted air compressors, generators, welders and other equipment headquartered in Michigan City is under new ownership. Vanair Manufacturing has been acquired by Cleveland-based Lincoln Electric Holdings in a $116 million deal.... Read More
The Indiana Chamber of Commerce has opened applications for the fourth annual Coolest Thing Made IN Indiana competition. For the first time, the chamber is partnering with the Indiana Destination Development Corp. to market the program.... Read More
Shelbyville-based Capital Industries, a manufacturer of full-service custom robotics systems, has been acquired by Acieta, an industrial robotics automation company headquartered in Waukesha, Wisconsin. Financial terms of the deal are not being disclosed.... Read More
Global Harvest Foods LLC, a producer of wild and domestic bird food and small pet products, is investing $30 million to expand its White County operations. The Seattle-based company is adding 163,000 square feet of production and warehouse space in Reynolds.... Read More
Representatives from Massachusetts-based Gorton's Seafood were in Lebanon on Wednesday to break ground on the company's $89 million cold storage facility. Gorton's hopes to complete the facility by late 2025, and will employ around 160 people once it's built.... Read More
Evansville-based Escalade Inc. is reporting second-quarter net income of $2.8 million, down from $3.6 million from the same period last year. The sporting goods and recreation equipment manufacturer said its consumers and retail partners have adopted a more...... Read More
A manufacturer and supplier of vehicle component systems is planning to close its facility in Muncie. North American Stamping Group, headquartered in Portland, Tennessee, said in a notice to the state that the closure will result in the layoffs of 62 workers.... Read More
Lafayette-based Wabash is reporting second-quarter net income of $29 million, down from $74.3 million during the same period last year. The trailer and truck body manufacturer attributes the drop to a decline in new order activity and...... Read More
The VU Design and Innovation Training Studio, located inside the Summers Center on the VU campus, is part of a statewide network of studios meant to introduce K-12 students to available career opportunities and the skills they need in advanced manufacturing.... Read More
Ambrose Property Group is beginning to build a $100 million logistics park just across the Kentucky border in Burlington. Ambrose is based in Indianapolis. ... Read More
South Bend-based AM General is delaying the delivery of its first Joint Light Tactical Vehicles, or JLTVs, to the U.S. Army by six months, a military spokesperson confirmed to Inside INdiana Business on Tuesday. AM General was tapped to produce the...... Read More
The GE Aerospace plant in Lafayette is among more than a dozen worldwide in line to receive a share of more than $1 billion over the next five years by the airplane engine manufacturer to improve its maintenance and repair facilities. The Lafayette plant joins U.S. plants in Cincinnati; Dallas; McAllen, Texas; and Winfield, Kansas […]... Read More
Allison Transmission has announced a new partnership with a Chinese manufacturer of mining industry vehicles. Lingong Heavy Machinery Co. Ltd. will use Allison’s transmissions in the Chinese company’s wide body mining dump trucks. ... Read More
On July 9, a tornado heavily damaged a warehouse in Mount Vernon operated by Tennessee-based third-party logistics firm Kenco Logistic Services LLC. While the full impact is unknown, another local employer is offering assistance to Kenco and its employees.... Read More
Several state representatives, mayors, city officials and business leaders gathered in Warsaw, Indiana, to discuss the safety and economic implications of not modernizing the 155 mile of US 30 between Fort Wayne and Valparaiso. Organized by members of the US 30 Coalition...... Read More
