The Michigan-based company told IBJ that work has been underway since October to move employees from the Noblesville Technical Center to a similar facility elsewhere in Indiana. More than 20 people are expected to lose their jobs in the transition.
Allegion, which has made several acquisitions over the past year, is headquartered in Ireland, but its Americas division is based in Carmel.
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Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
The chip manufacturer announced plans in April to open a 430,000-square-foot building spanning 90 acres in the second half of 2028.
Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group.
More than 240 people who have struggled with addiction, homelessness, incarceration and other obstacles have been employed and trained by Purposeful Design. And sales of its high-end furniture cover most of the cost of operation.
Greenfield-based Elanco said the facility has played a vital role in producing a number of product lines for the firm, representing $160 million to $180 million in annual farm animal revenue.
The manufacturer said the move will affect 125 workers.
About 33,000 union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.
The trailer manufacturing company said its insurance policies should cover the $12 million in compensatory damages, but the punitive damages could materially hurt its financial condition, operations and cash flows.
Birthday Chocolates delivers small boxes of homemade chocolates—most often turtles—to workers on behalf of their companies or organizations, usually for birthdays but also for work anniversaries or other occasions.
The deal includes just over $487 million in penalties—the statutory maximum—although Boeing would only have to pay half because it is receiving credit for payments it made as part of a previous agreement.
Greencastle-based Cash Concrete Products Inc. wanted the town to annex a largely rural plot of land for the plant, but residents questioned its potential effect on well water, local growth and quality of life.
Kimberly Ryan’s time as CEO of Hillenbrand has been marked by transition transition, with several acquisitions and the divestiture of Batesville Casket, where she got her start.
Today, Lippert has 140 factories around the world and about 14,000 team members worldwide. Jason Lippert has focused on overhauling the company’s culture with an emphasis on personal and leadership development.
The company has spent millions on the mostly automated production line. That shift has allowed the company’s 30 employees to upskill to work with the technology, but he said some manual labor remains.
The company has received attention for its system and last month earned the Conexus Indiana Manufacturing Innovation Award at TechPoint’s 2024 Mira Awards gala.
TWI Institute, a consulting firm for manufacturers, describes continuous improvement as the “act of taking an established process, breaking it down to its component parts, building it back up using only the essential parts and committing to making incremental improvements over time.”
A total of 526 grants worth a combined $56.9 million have been awarded so far to companies and organizations in 79 counties. In 2023, $20 million was granted to 161 projects in 50 counties. See how the money has been distributed.
