Copper set for biggest annual gain since 2009 on supply bets
The rise is being fueled by near-term supply tightness and bets that demand for the metal key in electrification will outpace production.
Manufacturers
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INCOG BioPharma investing additional $200M to expand Fishers campus
INCOG, which now employs just more than 400 people in Fishers, plans to have nearly 1,000 people working at its 21-acre campus by 2030.
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Stellantis announces $13B investment in US facilities, including Kokomo
The company had previously said it would make additional investments in several of its Kokomo facilities to produce an all-new vehicle.
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Q&A with Festool CEO, who has leaned into Hasbro experience to appeal to customers
Festool has about 90 employees in Lebanon, where the company’s U.S. corporate headquarters and U.S. repair facilities are located. All of the company’s tools are made in Germany and the Czech Republic.
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GE Appliances shifts more production to US as part of a $3 billion investment
The majority of GE Appliances’ production is already in the U.S. and the shift means only that the company will transfer more work to its domestic plants.
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Articles
Consumer sentiment rises for first time in 5 months
Still, consumers remain troubled by a stubbornly high cost of living, which has been a major drag on sentiment this year.
GE Appliances inks $14M in contracts with Indiana suppliers amid production shift from China
GE Appliances announced Thursday it has awarded more than $150 million in new contracts to U.S.-based suppliers as a result of its decision to shift production from China to Louisville.
Ex-Stellantis CEO, in new book, says he sees carmaker potentially breaking up
Stellantis is the 22nd-largest employer in Indiana with about 6,100 full-time Hoosier employees, according to IBJ research.
Hillenbrand shares soar after it announces $3.8B acquisition
Hillenbrand Inc., one of Indiana’s largest public companies, is set to become private after being acquired by an investment firm headquartered in Dallas, the company announced Wednesday.
Caterpillar planning to open facility at former BorgWarner building in Noblesville
BorgWarner closed the 103,000-square-foot facility, which was built in 2018, earlier this year as part of restructuring efforts.
US manufacturing activity contracts for 6th straight month
At the same time, there were a few hopeful signs about the outlook. Orders expanded for the first time since the start of the year.
Boar’s Head plans to reopen troubled deli meat plant, but reports of sanitation problems persist
Documents show sanitation problems similar to those that led to listeria contamination persist at three other company sites—including the company’s Indiana plant.
New Jersey says 3 chemical makers agree to ‘forever chemical’ settlement worth up to $2B
The deal with DuPont, Chemours and Corteva is the largest such settlement in the state’s history.
New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?
Under President Donald Trump’s new tax-cut law, many people for the first time could claim a tax deduction for interest on their vehicle loans. But there are caveats, including whether the vehicle was assembled in the U.S.
Q&A with Wendy Miles Robbins, whose Miles Printing installed the All-Star court at the airport
Robbins—who initially planned a career in sports medicine—told IBJ that the company’s foray into sports work began in earnest when it printed thousands of Indianapolis maps for the 2012 Super Bowl. It has grown from there.
Public art takes shape at Cory Constantine’s 900 North Studios
Constantine, 34, oversees a staff of 11 full-time employees and three part-timers at 900 North Studios, which occupies 12,000 square feet in a building near the intersection of East Washington Street and South Keystone Avenue.
Kimball’s Indy medical solutions unit swings for fences with new Post Road plant
Victory Field, home of the Indianapolis Indians, would just about fit perfectly inside the Jasper-based company’s new 307,000-square-foot facility.
Layoffs from tariffs ripple across the auto-parts industry
President Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.
2025 Corporate 100: Vera Bradley seeks to reinvigorate brand with new materials, silhouettes
Chief Marketing Officer Alison Hiatt explains the rebranding strategy and explains what has been working as the company tries to recover from lagging sales.
Allison Transmission to acquire Dana Inc. business unit for $2.7 billion
The business unit employs about 11,000 people in 25 countries. Allison did not specify if any jobs would be negatively affected by the deal.
Caterpillar planning $60M expansion in Lebanon that would add nearly 700 jobs
The company plans to expand its existing 600,000-square-foot facility in Lebanon Business Park.
Q&A with Stefano dePonti on Dallara USA’s interest in racing, defense and education
Last year, Purdue University announced plans to occupy a portion of Dallara’s downtown Speedway facility as part of a new partnership meant to further develop the university’s Indianapolis presence, including its motorsports engineering program.
Trump to offer automakers some relief on tariffs over worries they could hurt factories
Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide.
Advanced manufacturing training program is evolving to better prep workers for Industry 4.0
Conexus wants to move its Catapult programming on-site with manufacturers that want to hire Catapult graduates. And it plans to reduce its own role in the program.