Sheet-metal firm planning $4.2M expansion, 40 hires for new unit
Greenwood-based Poynter Sheet Metal Inc. and its landlord have applied for partial property tax abatements on the project that would save them a total of $595,000 over 10 years.
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Recycling company plans $260M plastics-to-fuel plant in Indiana
The company said the operation will be the first of its kind in the United States and use plastics from curbside recycling pickup in Indiana and Illinois, and from manufacturing waste.
Local mattress maker to test retail with Circle Centre store
Foamcraft Inc. plans to open a pop-up store in Circle Centre under the Comfort Option name. The store is initially scheduled to be a one-month endeavor, but could be there much longer if things work out.
Splenda-maker Heartland adds products, continues rapid expansion
Heartland has expanded its local production facilities multiple times since 2015, adding hundreds of employees and rolling out several new products, including a brand of cold-brew coffee, Java House, that hit the market last year.
Cummins testing electric postal vehicles
The delivery vans have an all-electric range of up to 85 miles and can be fully charged in about eight hours.
Subaru building $4.2M training center in Lafayette
The facility will include a 7,000-square-foot simulated factory floor featuring training robots, assembly-line simulators, a car lift, a forklift and work space for interns.
UPDATE: Food manufacturer plans $310M plant, 460 jobs in Shelbyville
Illinois-based Greenleaf Foods, which makes burgers, hot dogs, sausages and other vegetarian meat alternatives, plans to build a 230,000-square-foot plant at Interstate 74 and State Road 44.
Safety technology driving up repair costs on newer cars
While the latest technology on cars helps prevent accidents, there is a potential side effect: much higher repair costs, even in seemingly minor accidents.
Allison Transmission seeking $2.7M tax break from city on $34.5M testing facility
Officials for the Indianapolis-based transmission giant tell city officials that the project would create 193 jobs that pay an average of $20.39 per hour, as well as help it retain current employees.
Fast-growing Goshen stair-maker to add up to 200 jobs
Viewrail—whose products include “floating stairs,” meaning the space underneath the staircase is open—is plowing $12 million into an expansion that will double its production space.
Hotel Tango preps for statewide push
The craft distiller’s products already are available at about 700 of the state’s 4,000 outlets licensed for retail alcohol sales, but company officials have far higher ambitions.
Metal parts manufacturer beefing up Noblesville operations
The has already hired 51 employees and plans to hire 29 more over the next two years as it relocates one of its manufacturing divisions from Ohio.
Toyota investing $750M at 5 U.S. plants, creating 600 jobs
It marks yet another expansion of the Japanese automaker's U.S. presence, bringing to nearly $13 billion the amount it will spend by 2021.
Coal mining in distress? Not to this Fishers startup
American Resources Corp., formed in 2015, specializes in buying distressed coal assets from struggling or bankrupt coal operators.
Maker of tobacco alternative moving headquarters from California to Westfield
Grinds LLC—which produces pouches of flavored coffee designed as a healthy alternative to chewing tobacco—plans to invest $6.7 million and create 56 jobs.
Tesla raises prices as Musk backtracks on plan to close stores
Tesla will increase the cost of its vehicles by an average of about 3 percent after rethinking a plan announced just 10 days earlier to wind down all but a small number of its stores.
Indiana-based Berry bests Apollo with $4.4B deal to form plastics giant
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
Entrepreneurs using south-side food makerspace to create businesses
The Food Beauty Center, a new food-focused makerspace in Garfield Park aims to serve entrepreneurs two ingredients for success—collaboration and commercial kitchen space.
Area sock maker acquired by founder’s daughter, private equity firm
Martinsville-based For Bare Feet Inc., a 35-year-old manufacturer and distributor of novelty socks, has been sold.
Allison Transmission to build major testing facility in Speedway
Allison Transmission Holdings Inc. announced Thursday that it plans to build a multimillion-dollar vehicle-testing facility in Speedway that will be the only one of its kind in the Midwest.