Westfield council delays vote on controversial NorthPoint II business park
Holladay Properties says a “global company” is interested in occupying the whole 180-acre park proposed in rural Westfield and wants to move quickly.
Manufacturing
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Battery maker seeks tax break to build potentially massive plant in Indiana
A joint venture between General Motors Co. and LG Energy Solution has filed a tax abatement application for a facility in New Carlisle that—based on similar projects elsewhere—could bring more than $2 billion in investment and more than 1,000 jobs to northern Indiana.
U.S. factory output increases for first time in three months
Tuesday’s industrial production report showed output of motor vehicles rose 6.6%, the most in four months. An easing of bottlenecks on semiconductor supplies is affording automakers more room to increase output.
Indy firm uses midcontinental advantages to build underwater photo gear
Compared to coastal competitors, Ikelite Underwater Systems enjoys the affordability and the manufacturing concentration in Indiana.
Most electric vehicles won’t qualify for proposed federal tax credit
A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.
Even Amish furniture makers affected by international supply chain issues
Metal hardware has been in short supply the last couple of years, and one item in particular has bedeviled Amish craftsmen: drawer slides.
Cummins posts record quarterly revenue
The Columbus-based manufacturer says its strong second-quarter was due mostly to its North American market, where revenues grew 15%.
Cummins investing $24M in German battery startup
Cummins is investing in VoltStorage, a Munich, Germany-based company that develops and produces batteries based on redox flow technology, a more environmentally friendly alternative to lithium-ion batteries.
New research effort aims to help Hoosier manufacturers cut energy costs
The effort involves manufacturers around the state capturing data about their energy use, then sharing that information to create a “data lake” which businesses and researchers can access.
Food manufacturer plans $58M expansion, 90 new jobs in Lebanon
Ontario-based Skjodt-Barrett Contract Packaging LLC plans to expand its Boone County plant by 340,000 square feet.
Consumer goods giant Unilever hikes prices for products but expects strong sales
Unilever, which owns 400 consumer brands ranging from Ben & Jerry’s ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world.
Steelmaker to use scrap wood to cut its carbon footprint
Fort Wayne-based Steel Dynamics Inc. says a newly announced joint venture with Minnesota-based biocarbon company Aymium will help it meet its goal to achieve carbon neutrality by 2050.
Semiconductor maker planning $1.8B plant, 750 jobs in Indiana
The project stands to receive more than $70 million in state economic development incentives and will hinge on whether it lands federal funding though the Creating Helpful Incentives to Produce Semiconductors, or CHIPS, program.
Semiconductor maker to announce Purdue partnership
Gov. Eric Holcomb, Indiana Secretary of Commerce Brad Chambers and Purdue University President Mitch Daniels are scheduled to join executives from SkyWater Technology to make the announcement.
Cummins’ new CEO says climate change presents ‘growth opportunity’
Jennifer Rumsey, who was named the first woman CEO in Cummins’ 103-year history, said addressing climate change remains a key priority for the company.
Tom Linebarger to step down as Cummins CEO, remain chairman
Linebarger will be replaced by Cummins President and Chief Operating Officer Jennifer Rumsey, who has been with Cummins for 22 years, including the last 16 months as COO.
Panasonic picks Kansas for $4B, 4,000-employee battery mega-factory
The company and Gov. Laura Kelly announced the new project Wednesday, just hours after Kelly and eight top leaders of the Kansas Legislature signed off on a package of incentives worth $829 million over 10 years.
Jim Merritt: Environmental policy that gives Indiana manufacturing a leg up
A border carbon adjustment would penalize imports from countries with lower environmental standards (e.g. China, Russia and India) by charging a fee at the border on the carbon emissions used to manufacture their high-polluting products.
Stellantis warns of car market collapse if EVs don’t get cheaper
One of Europe’s biggest automakers warned after a landmark deal to phase out combustion engines that the industry is doomed unless electric vehicles get less expensive.
Semiconductor chip design center planned for West Lafayette
MediaTek USA announced Tuesday that the center, which is expected to create up to 30 jobs, represents its first partnership with an American university, as well as a new growth model for the company.