Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.8-percent fall in May.
It’s official: General Motors will begin shutting down its Indianapolis metal-stamping plant Jan. 28, with an initial wave of layoffs that will cost 75 workers their jobs.
Northwind Electronics LLC will invest $954,000 to buy, renovate and equip a former General Motors factory in Anderson—creating as many as 100 jobs in the next two years, state economic development officials said Tuesday afternoon.
Really Cool Foods, which started operations in eastern Indiana two years ago with plans for hiring 1,000 workers, now has about 200 after a round of layoffs this week.
Think North America has started work on two-seat electric cars at its northern Indiana facility and expects the first ones to be finished in the coming days.
Kokomo's fortunes have been entwined with the auto industry since 1894, when Elwood Haynes invented one of the first automobiles in the United States there. Since the 1930s, when then-Delco (later Delphi) located there, followed by General Motors and Chrysler, the auto industry has been the town's bread and butter.
The Department of Energy will announce on Monday it is giving a $50M loan to Vehicle Production Group, which makes wheelchair accessible vehicles in Mishawaka. Officials say they expect the loan to create more than 900 jobs in an economically ravaged part of Indiana.
More than 200 workers will lose their jobs when packaging materials maker Printpack Inc. will close its Greensburg plant early next year, the company said in a notice filed this week with the state Department of Workforce Development.
Abound Solar's deal to take over the unfinished Getrag factory in central Indiana has been delayed, although the company doesn't expect changes in its plans.
Multimatic Inc. plans to expand its northeast Indiana production operation, adding new assembly lines as it aims to create over 200 jobs by 2013—more than tripling employment there.
The Metropolitan Development Commission is expected Wednesday afternoon to approve Heritage-Crystal Clean Inc.’s plan to build its first used oil re-refinery, on West 10th Street. The project is estimated to cost $40 million and should create 55 jobs by 2013.
Alabama-based Progress Rail Services, a subsidiary of Caterpillar Inc., said it plans to invest about $50 million to open the first locomotive manufacturing and assembly plant in the United States in many years.
Automotive Components Holdings, which makes hydraulic steering systems for Ford Motor Co., notified the state this week that it plans to permanently lay off 26 employees during the first two weeks of 2011.
Conforce International Inc., a manufacturer of composite flooring systems for the transportation industry, plans to invest more than $13.8 million to purchase and equip a plant in Peru, which would be the company’s first location in the United States.
Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.
General Electric announced Monday morning that it plans to invest $161 million at its Bloomington refrigerator plant, creating up to 200 jobs by 2014. The plant, which was once slated for closure, now has more than 500 employees.
Competitor Nike Inc. will become the official apparel maker for the National Football League in 2012. The loss of the contract could mean layoffs at the Reebok plant on Indianapolis’ east side that makes NFL apparel and employs about 1,000.
Think North America plans to start production work on electric cars at a Middlebury-area factory before the end of this year.
Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, transferring about 100 workers from Shelbyville and adding as many as 80 jobs in the next two years.
