MERRILLVILLE – Polycon Industries, a manufacturer of plastic containers, announced plans today to expand its operations in Indiana, investing $15 million and creating up to 100 new jobs by the end of 2017. “Indiana is a national center for manufacturing, with one in five Hoosiers working for companies like Polycon Industries,” said Governor Mike Pence. […]
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SOUTH BEND – Matthew D. Cain is the new owner and president of HRP Construction Inc. in South Bend, Indiana. Earlier this month, Cain purchased all outstanding shares of the company and assumed the presidency. Cain has held several positions with HRP over the last 20 years, most recently serving as vice president. He joined HRP shortly after
WEST LAFAYETTE – Aerial Agriculture LLC, a startup company launched by Purdue University students, aims to revolutionize the agricultural industry by building drones in-house to capture multispectral images of entire crop fields. This technology could allow farmers to reduce excess fertilizer and input costs while simultaneously increasing yields. Aerial Agriculture uses specialized cameras to convert
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The Northwestern Indiana Regional Planning Commission (NIRPC), NIPSCO, and South Shore Clean Cities unveiled the Commission’s first public electric vehicle charging station. The project is part of NIPSCO’s IN-Charge Around Town program, which aims to make electric car charging opportunities more accessible to drivers in northern Indiana. IN-Charge Around Town offered incentives to help cover
EAST CHICAGO – The St. Catherine Hospital Auxiliary held its annual Tea & Donation event to present more than $131,000 to scholars and various services throughout the hospital. It was the second largest donation the auxiliary has made over a span of 56 years: Since 2008, more than $1 million has been raised by the
ELKHART – The Elkhart-based company Patrick Industries Inc. (Nasdaq: PATK) is reporting second quarter 2016 net income of $16.7 million, which is up from $12.1 million during the same quarter last year. Chief Executive Officer Todd Cleveland says the 38 percent increase reflects positive momentum at both the wholesale and retail levels. Cleveland says the impact of recent
MUNCIE and MICHIGAN CITY – Two Indiana banks are reporting record profits for the second quarter. Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting net income of $20 million, compared to $18 million in the same quarter last year. Michigan City-based Horizon Bancorp (Nasdaq: HBNC) is reporting net income of $6.3 million, up from $4.7 million
Noteworthy News Bits from Around the Region by Michelle M. Searer BUSINESS ORGANIZATIONS Donald J. Rapley, president and general manager of Ozinga’s Indiana region, has been named the president of the Indiana Ready Mixed Concrete Association (IRMCA). The non-profit organization is dedicated to expanding the use of ready mix concrete via education, training, promotion and
