Report: RV industry made $114 billion impact on US economy in 2018
The RV industry made a $114 billion impact on the nation’s economy in 2018, with nearly one third of that coming to Indiana.
Mikropor America expanding, adding jobs to Michigan City operations
Mikropor a maker of filtration products, is expanding and adding more jobs to its Michigan City operations.
ArcelorMittal receives grant to develop cleaner, reduced energy steelmaking process
A Department of Energy grant will be used by ArcelorMittal Global Research and Development in East Chicago to develop a more energy-efficient and cleaner steelmaking process. The company announced it was awarded a share of a $1.2 million High Performance Computing for Manufacturing Program grant, aimed at solving key manufacturing challenges in steelmaking and aluminum …
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ArcelorMittal optimistic for 2019 with strong automotive sales forecast
With industry experts forecasting U.S. vehicle sales to reach close to 17 million units in 2019, ArcelorMittal, a major supplier of automotive steel, has reason to be optimistic for the new year. The company said the outlook for the automotive market in North America remains strong in 2019, though it is anticipating some drop in …
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Elkhart-based Thor Industries becomes global RV-making giant with $2.4 billion purchase of German firm Erwin Hymer Group
ELKHART – Thor Industries says it will become the world’s largest RV manufacturer once its purchase of Erwin Hymer Group SE of Germany closes. Thor Industries announced Sept. 18 it has entered a definitive agreement to buy the privately-held Edwin Hymer Group SE for $2.4 billion. The combination creates the world’s largest RV manufacturer, with …
United States Steel Corp. giving Gary Works $750 million makeover
GARY – U.S. Steel will make $750 million in capital investments to modernize its Gary Works facility. U.S. Steel has announced a $2 billion asset revitalization program, which included Gary Works. The investment will be made over five years to modernize and enhance the company’s flagship operation in Gary and includes installation of new state-of-the-art …
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CTS Corp. closing manufacturing site in Elkhart
CTS Corp., an Illinois-based provider of sensing and motion devices, in a WARN notice to the Indiana Department of Workforce Development, said it will be ending manufacturing operations at its facility at 1142 W. Beardsley Ave. in Elkhart. A total of 103 manufacturing jobs will be lost when the plant closes at year’s end. The …
Report card shows Indiana’s advanced manufacturing, logistics industries remain in growth mode
INDIANAPOLIS – Indiana’s manufacturing industry is experiencing the longest expansion of employment in state history, according to the 2018 Manufacturing and Logistics Report Card released June 7 by the Ball State Center for Business and Economic Research and Conexus Indiana. “U.S. manufacturing and logistics are in a remarkable period of expansion,” said CBER Director Michael …
Polaris buys Boat Holdings LLC of Elkhart for $805 million
Minnesota-based Polaris Industries Inc. announced May 30 that it will acquire Boat Holdings LLC of Elkhart. The all-cash transaction is valued at $805 million. Boat Holdings brands include Bennington, Godfrey Pontoon Boats, Hurricane and Rinker. Boat Holdings is owned by the Vogel family. Boat Holdings is the largest producer of pontoon boats in the …
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Electric vehicle maker SF Motors pledges to bring up to 467 jobs by 2020 to former AM General plant in Mishawaka
MISHAWAKA – New electric vehicles produced by California-based SF Motors could start rolling off an Indiana assembly line before year’s end. The company announced on May 30 it plans to start trial production before the end of the year at the former AM General production plant in Mishawaka, which it purchased in November. The company …