Manufacturer seeking incentives for $30M expansion, 288 jobs in Noblesville
SMC Corp. of America, Noblesville’s largest private employer, said the new jobs would pay at least $59,000 annually.
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Maker of temporary medical labs planning new hires, HQ move
A private-equity investment announced in January is driving growth at Modular Devices Acquisition LLC, which manufactures and leases mobile and modular medical labs and cleanrooms.
Reformers take 6 of 14 UAW board seats, could win majority
The reform candidates campaigned on taking a more confrontational stance in bargaining with Detroit’s three automakers. The adversarial stance is likely to raise costs for General Motors, Ford and Stellantis, which almost certainly would be passed on to consumers.
Purdue, Accenture partner on smart manufacturing
Purdue said the company has committed to provide funding to establish the Accenture Smart Factory on the West Lafayette campus as well as the Accenture Smart Manufacturing Scholars Program.
Heartland Ventures closes $52M investment fund
The Ohio-based venture firm, which gets its funding from Indiana and Ohio companies, invests in tech startups developing products that can benefit those Midwestern investors.
Cummins sees more revenue, less profit in latest quarter
Cummins said its profitability was affected by several expenses last quarter, the largest of which was the $56 million that the company spent on a one-time bonus to employees.
U.S. manufacturing nears stagnation as price gauge hits 2-year low
Ten manufacturing industries reported a contraction in October, led by furniture, wood products, paper products and textiles. Eight industries expanded.
Industry: Advanced recycling is a solution to plastic crisis
Environmental groups say advanced recycling is a distraction from real solutions like using less plastic. They suspect the idea of recyclable plastics will enable the steep ramp up in plastic production to continue.
US awards $2.8B in grants for EV batteries in 12 states
A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said.
EnPower’s pivot to battery-making leads company to Indianapolis
The company has recently begun testing its first products with customers and is working to ramp up production in coming months.
Council pledges incentives for proposed $2.4B battery plant in New Carlisle
The South Bend Regional Chamber says if the New Carlisle site is chosen for the project, the plant could generate an estimated $652 million in annual economic impact once fully operational.
Senator says electric car tax credit needs ‘flexibility’
U.S. Sen. Raphael Warnock from Georgia is raising concerns that the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.
Indiana-based Vera Bradley hires longtime retail exec as new CEO
Jacqueline Ardrey Ardrey will succeed president and CEO Robert Wallstrom, who earlier this year announced his plans to retire after leading the company since 2013.
GM to spend $491M to support EV production at Indiana plant
The company said it will add two press lines at its Marion Metal Center and invest in upgraded equipment to equip new and future electric vehicle models, including the Chevrolet Silverado EV, GMC Hummer EV, Hummer EV SUV, and Cadillac Lyriq.
Biden officials visit Purdue as part of national push to bolster semiconductor production
Officials discussed their push to see Indiana ramp up its role at designing and manufacturing of semiconductor chips that are used to power the nation’s smartphones, cars, computers, medical equipment, military weapons and other technology.
Jim Beam plans $400M expansion to ramp up bourbon production
The expansion will be used to produce two mainstays — Jim Beam white and black label bourbons — and will mostly support expected sales growth overseas.
Pet food maker begins construction on $260M plant in Rushville
The new facility will be Diamond Pet Foods’ first in Indiana and represents one of the largest private investments in Rushville’s history, according to the Rush County Economic Development Corp.
Italian manufacturer expands plan for Fishers by $367M, 265 workers
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
UPDATE: Work at Stellantis plant to resume after deal with UAW
Stellantis said that operations at the plant in Kokomo would resume late Monday after UAW Local 1166 workers voted to ratify the agreement.
UAW workers go on strike at Stellantis plant in Indiana
The 1,200-worker plant, Kokomo Casting, is the world’s largest die cast facility, according to Stellantis. It makes aluminum parts for components including transmissions and engine blocks.