Magnetation might shut down iron pellet plant in Indiana
A struggling iron mining operation says it could shut down its last operating facilities in Minnesota and Indiana, costing hundreds of workers their jobs.
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Iron ore maker with huge Indiana plant seeks bankruptcy
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
Reynolds: John Deere dealer will stay in Fishers
When Reynolds Farm Equipment moved its corporate headquarters last year to a sprawling facility it built along U.S. 31 north of Westfield, observers pondered the fate of its high-profile location in Fishers.
Reynolds family, firm donate $1M to Conner Prairie
The family behind Hamilton County mainstay Reynolds Farm Equipment has pledged $1 million to Conner Prairie Interactive History Park. The gift was announced Thursday evening during a ceremony honoring the company and its leaders for their generosity.
Company aims to open $350M plant next year
Magnetation Inc. already has started construction on several large buildings in the town of Reynolds, and intends to start producing iron ore pellets by the second half of 2014.
Minnesota company to launch iron ore plant in Indiana
Magnetation LLC of Grand Rapids, Minn., plans to invest up to $350 million in Indiana to build a plant at the site of an abandoned VeraSun Energy Corp. ethanol plant in Reynolds,
Reynolds moving HQ, farm-equipment sales
Fishers mainstay Reynolds Farm Equipment is building an $8 million headquarters on U.S. 31 north of Westfield, moving the company’s agricultural operation closer to its rural customer base.
BioTown still dependent on grid eight years later
Eight years after being nicknamed Biotown USA, the town of Reynolds is as dependent on the energy grid as it ever was, and is likely to become more so.
Iron ore processor plans $350M Indiana project
A Minnesota-based mining company plans to spend as much as $350 million to build a iron ore pellet plant in Indiana, creating up to 100 jobs by 2015, the company announced Tuesday morning.
Bank of Indiana on long journey back from brink
A fast-growing Indianapolis bank that became one of the biggest U.S. Small Business Administration lenders in the state has returned to profitability after a harrowing stretch of massive losses from borrower defaults that nearly led to its failure.
Heralded BioTown project a shadow of its goal
The tiny town of Reynolds had big plans when Gov. Mitch Daniels touted it in 2005 as the location of BioTown USA, the state's
first project to make a community produce enough energy to become self-sufficient.