The plant in Winchester, east of Muncie, has been the North America branch for Japanese manufacturer Marujun since 1999. The closing process will begin next month and finish late next year.
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.
Sirmax and OMR Automotive, both suppliers to the automotive industry, plan to build plants in Speedway and Anderson and together could create up to 110 jobs over the next several years.
Every plant announced for North America since 2009 has gone to Mexico. The upshot is not only few assembly jobs, but fewer jobs and businesses that feed off of the massive operations.
Tenneco Inc. announced Wednesday that work is underway preparing an existing 150,000-square-foot building in a Jeffersonville industrial park for the factory.
Workers will be hired as global firm Valeo buys new equipment for its 400,000-square-foot engine cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
An auto supplier has signed a lease to move into a new 150,000-square-foot building in Jeffersonville this summer, officials said.
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.