Feds finalize deal to give SK Hynix $458M for West Lafayette facility
The chip manufacturer announced plans in April to open a 430,000-square-foot building spanning 90 acres in the second half of 2028.
Advanced Manufacturing
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Lilly to make $1.8B investment in two Ireland manufacturing facilities
The expansion projects will boost production of medicines for Alzheimer’s disease, diabetes and obesity.
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Cummins plans to ‘streamline’ operations, cut jobs after 2023 buyouts
A company spokeswoman told IBJ that the new workforce reductions are related to Destination Zero—the company’s previously announced goal of achieving zero emissions by 2050.
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2024 Innovation Issue: The path to Industry 4.0
Numerous groups are working to advance both technology adoption and related workforce development in Indiana’s manufacturing industry, especially among the small companies that represent the bulk of Indiana’s manufacturers.
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2024 Innovation Issue: Robotic welding system boosts Smoker Craft’s production
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.
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Articles
Entek officially receives $1.2B DOE loan for Terre Haute plant
When operational, the facility will produce battery separators for lithium-ion battery manufacturers across the country, primarily for use in electric vehicles.
Ivy Tech certificate program aims to boost microelectronics skills
The program is part of an ecosystem of higher education institutions ramping up programs to meet the state’s future needs.
Allison Transmission investing $100M-plus to expand production in India
Indianapolis-based Allison Transmission plans to add 200,000 square feet to its manufacturing facility in Chennai, India, the company announced Thursday, doubling its manufacturing footprint at the site.
Hillenbrand makes $55M real estate deal for two Ohio properties
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
Justice Department pushes Boeing to plead guilty in 737 Max crash case
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.
2024 Corporate 100: Telamon thrives by connecting people, products
Today, Telamon operates in 13 states, India, Mexico and Macedonia and designs, builds and installs networks that support telecommunication networks, appliances and industrial processes.
2024 Corporate 100: Culture, acquisitions key to Lippert’s growth, longevity
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.
2024 Innovation Issue: Circle Beverage expands reach with robotic sleeving
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.
2024 Innovation Issue: State grant program spurs Industry 4.0 investments
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.
2024 Innovation Issue: Wearable devices promise improved safety, productivity
But the devices—whether they’re used in the industrial setting or for personal reasons like health and fitness—can also raise concerns as well as questions about data privacy.
2024 Innovation Issue: On-demand production allows companies to respond quickly to customer needs
Striving for efficiency drives the on-demand philosophies of Mach Medical, Homefield Apparel and 80/20 Inc., even if the companies have little else in common.
2024 Innovation Issue: How automation can be a lifesaver
Lilly plans to outfit its Lebanon plants—now under construction—with the latest in robotic, digital manufacturing equipment that will do much of the work that a generation ago was done by humans.
Chip maker SkyWater cancels plans for Indiana plant—at least for now
Skywater Technologies had been expected to invest $1.8 billion in a plant at Discovery Park District at Purdue University, but the company said then the deal was contingent on funding from the CHIPS and Science Act.
Advanced microelectronics firm NHanced is expanding operations in Bloomington and at Crane
In January, NHanced cut the ribbon on a facility at WestGate@Crane Technology Park at Odon and is already expanding there with $236 million in planned investment. And in January, NHanced announced a $152 million investment in a former Cook Medical facility in Bloomington.
Cook Group to sell West Lafayette-based biotech subsidiary to Florida company
Cook Biotech employs 275 people, all of whom will transition to RTI Surgical once the deal closes.
Indiana courting two advanced manufacturing projects valued at $7.2B
Officials from the Indiana Economic Development Corp. will appear before the State Budget Committee on Tuesday to ask for approval to spend $180 million to lure the multibillion-dollar projects to Indiana.
Ascent, Crosstrek, Legacy and Outback models by Subaru of Indiana Automotive Inc.
Subaru of Indiana Automotive is the only Subaru manufacturing facility outside Japan, and it accounts for about half of all Subaru vehicles sold in North America.
Allegion Ventures makes $20M investment into California security-tech startup
The investment sets the stage for collaboration between Allegion and Ambient.ai, whose technology helps customers identify and prevent potential security incidents.
Group forms in opposition to LEAP District water pipeline
The group, “Stop the Water Steal,” plans to lead a letter-writing campaign to local and state officials, urging them to stop the pipeline, slow its progress or minimize its impact on community water resources.