INSIDE INDIANA BUSINESS WEEK IN REVIEW: Auto parts company plans to expand

2012-12-01T10:31:00Z INSIDE INDIANA BUSINESS WEEK IN REVIEW: Auto parts company plans to expandGerry Dick Inside Indiana Business
December 01, 2012 10:31 am  • 

An Illinois-based auto supplier is expanding in Noble County. Tenneco Inc. intends to add 105 jobs as part of an $18.5 million investment in its Ligonier operations. The company currently has more than 430 full-time workers at its Ligonier facility.


Monsanto to Expand Indiana Operation

An agricultural company is planning to expand a facility in Jasper County. Monsanto Co. (NYSE: MON) says the corn seed manufacturing operation in Remington will grow as part of a $100 million investment involving four sites in three states. The Jasper County location currently has 55 full-time workers.


Allison Workers Ratify Contract

Members of UAW Local 933 have ratified a new five-year contract with Indianapolis-based Allison Transmission Holdings Inc. (NYSE: ALSN). It includes a ratification bonus and modifications to health care benefits for retirees. The deal covers approximately 1,550 hourly workers.


Lilly Drug Could Help Fight Muscle Disease

Researchers at Cedars-Sinai Heart Institute in Los Angeles say an initial study shows an Eli Lilly and Co. drug could help patients with a certain type of muscular dystrophy. The small study among men shows Cialis restored blood flow to oxygen-starved muscles in patients with Becker muscular dystrophy. Researchers say it is the first study that could lead to a strategy to treat the disease.


Health Commissioner Returning to Private Sector

State Health Commissioner Gregory Larkin will leave the post in January to become chief medical officer at a health management services provider. Indianapolis-based OurHealth LLC says Larkin will oversee the company's clinical leadership.


State Touts Record-Breaking Year

The Indiana Economic Development Corp. says with more than a month left in 2012, it has already set a record for deals. The IEDC reports reaching agreements with 220 companies planning to invest $3.6 billion and create nearly 21,000 jobs in the state. Indiana Secretary of Commerce Dan Hasler says the numbers are the result of eight years of work to improve Indiana's business environment and infrastructure.


Kelley School Announces Supply Chain Alliance

Indiana University's Kelley School of Business is working with nearly 20 companies as part of the new Supply Chain Alliance. The initiative is designed to expand on communication among the companies, top faculty and students seeking careers in supply chain management.


Ohio Company Plans to Relocate to Indiana

Uni-Ref Inc. intends to move its Ohio headquarters to southeast Indiana. The heat-resistant materials manufacturer plans to upgrade a Brookville facility and add 50 Franklin County jobs next year.


Steel Dynamics Ramping Up Production in Whitley County

Fort Wayne-based Steel Dynamics Inc. has announced plans to install a high-tech heat treating system at its Columbia City plant. The company says the nearly $27 million investment will enable it to produce up to 350,000 tons of carbon steel rails and create nearly 40 jobs.


Joint Venture Plans 100 Indiana Jobs

A new iron ore pellet plant is planned for White County. Magnetation LLC plans to invest up to $350 million into the Reynolds operation and create approximately 100 jobs by 2015. The company intends to locate in the former VeraSun facility. White County Commission President John Heimlich calls the announcement a "shot in the arm" and "psychological boost" for the area. Magnetation LLC is a joint venture between Magnetation Inc. and AK Steel Corp.


Plastics Company Plans Expansion

South Bend-based Elkhart Plastics Inc. plans to expand its headquarters and add up to 50 jobs by 2015. The company intends to invest $3.8 million in the project. The molded plastic parts manufacturer currently has 290 workers at facilities in three Indiana communities.


State Updates 'Hot' Jobs List

A list detailing the state's most in-demand careers has been updated. The "Hoosier Hot 50" jobs list projects openings by 2020, calculates an average salary range and identifies education and training requirements in each field.


Region Reverses Income Trend

Per capita personal income in northeast Indiana rose slightly in 2011, after nearly two decades of decline. Northeast Indiana Regional Partnership Chief Executive Officer John Sampson says the number shows the organization's efforts to make the region "relevant in the global marketplace" are paying off. He says the group will continue to focus on the area's education, entrepreneurship and quality of life.


Study Proposes Increased Health Sciences Education

Indiana's life sciences initiative is calling for more focused post-baccalaureate education for workers in the industry. BioCrossroads has issued a report this morning that emphasizes talent development as a key to attracting and retaining companies.


Pence Launches Site For Administration Openings

Governor-elect Mike Pence has launched a website where people can apply for jobs within his administration. Pence's office says the site will help streamline the process of filling key positions during the transition period.


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