Batesville Tool & Die expansion should create 40 jobs
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of
next year.
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Chinese furniture maker picks Marion for U.S. headquarters
The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S.
subsidiary. The facility will house assembly-and-distribution operations with about 100 employees.
Trailer maker Pace American could close Middlebury plant
A cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.
Factory orders post 1.2-percent April increase
Excluding transportation, orders actually fell 0.5 percent, the poorest showing in 13 months.
Toyota to move Highlander production to Indiana
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles
a month. In April, it produced about 1,900 units.
Tipton County OKs $13M bond to help sell Getrag plant
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm
interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
Old General Motors sites could receive $800M for clean up
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
Tipton County Council to vote on Getrag site incentive
The $13 million bond would be used to lower the price of the abandoned plant to help lure a company that is considering
manufacturing solar panels at the site.
Chrysler plans to spend $300M retooling Kokomo plants
Investment in transmission and casting plants, however, hinges on city’s ability to offer tax abatement.
Packaging manufacturer plans 22 jobs in Westfield
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
Sale of GM plant could come as soon as June
UAW official says General Motors and prospective buyer are working on a “real aggressive” schedule to have the acquisition
completed by the end of June.
UPDATE: GM fuel-efficiency push means jobs in Bedford
General Motors plans to invest $111 million and add 245 new jobs at a plant in Bedford as part of a larger effort to make
its fleet more fuel-efficient.
Tipton County works on deal to fill empty Getrag factory
A central Indiana county is nearing approval of more than $13 million in incentives in hopes of attracting a company to take
over a sprawling factory that a Chrysler supplier stopped building in 2008.
Carbon Motors’ prototype cop car is crammed with technology
The specialized vehicle can read license plates, sniff for weapons of mass destruction and see people and animals in
the dark.
Delphi seeks $50M tax abatement for new vehicle program
The five-year tax break could help bring a new research-and-development program for electric vehicles to Kokomo, creating
118 jobs and saving 72.
Shelbyville insulation company laying off 100 workers
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
Price of scrap metals surge upward
After plummeting along with the rest of the economy, the price of scrap metals is surging upward.
Hillenbrand closes $435M K-Tron International purchase
K-Tron will become a unit of the Batesville company. K-Tron shareholders received about $150 per share in cash for their common
stock in the deal, which was announced in January.
Raytheon lands key Navy contract
Raytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently awarded $32.4 million contract.
Box maker halting production, putting 97 out of work
Austin, Texas-based Temple-Inland Inc. has notified state officials that will stop producing boxes at its Evansville facility
on May 28.