Samsung said the new facility will boost production of high-tech chips used for 5G mobile communications, advanced computing and artificial intelligence, and also improve supply chain resilience.
Kaufmann Engineering cited ongoing supply chain and labor disruption issues brought on by the COVID-19 pandemic as the reasons for its decision.
Allegion said the expansion will not only enhance manufacturing and engineering capabilities in the state, but also expand its information technology and innovation expertise.
The United Auto Workers union said 61% of its members approved the deal with Deere & Co. on their third vote, even though the new offer was strikingly similar to one that 55% of workers rejected two weeks ago.
The president is hoping to do even more to promote electric vehicles, including a provision for a $7,500 tax credit for consumers who buy electric vehicles through 2026 that’s been floated as part of his proposed $1.85 trillion social services and climate bill.
U.S. industrial production rebounded as automakers posted strong increases and the adverse effects from a hurricane that struck the nation’s energy complex in the Gulf of Mexico faded.
Forest River expects to start production at the new site by the end of November, with the first travel trailer expected to come off the production line in early December.
The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10% at the opening bell Thursday pushing its valuation over $90 billion.
The chocolate company said it would acquire North Dakota-based Dot’s Pretzels LLC as well as Pretzels Inc., an Indiana-based manufacturer of Dot’s Pretzels and other snacks that operates three plants.
Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
Using tax incentives , an EV commission and membership in a regional network promoting EV infrastructure, the Holcomb administration is looking to increase EV manufacturing statewide.
GE Appliances—which at one time employed thousands of people in Indiana—announced plans Thursday to add more than 1,000 jobs at its sprawling Kentucky operations as part of a $450 million investment to boost capacity and launch new products.
Both carmakers said they had moved past the worst of the availability issues that have snarled production lines globally. Their views contrasted with those of Samsung Electronics.
Indianapolis-based Allison, which recently formed a partnership with Beijing-based Jing-Jin Electric, announced Wednesday that it will participate in Jing-Jin’s upcoming initial public offering.
Procter & Gamble, the maker of Pampers diapers, Tide detergent and Crest toothpaste, said it’s raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits.
The Toyota plant location wasn’t announced, but it will likely be near one of the company’s U.S. assembly plants in Indiana, Missouri, Kentucky, Alabama or Texas.
RecycleForce says the 102,500-square-foot facility will allow it to recycle 12 million pounds of electronic waste and employ 600 people annually, doubling its capacity.
More than 10,000 Deere & Co. workers went on strike Thursday, the first major walkout at the agricultural machinery giant in more than three decades.
The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
The contest is open to all businesses, from veteran manufacturers to budding entrepreneurs. To participate, a company does not need to be headquartered in Indiana, but the product it enters must be manufactured in the state.
