JD Norman Industries says in an Indiana state government filing that it will shut down the Muncie factory and terminate all its jobs by the end of December.

The new plant will make material handling systems for the logistics industry.

When 52-year-old Brian Bousam lost his job at manufacturing company Rexnord last year, he was 12 weeks away from being eligible for a pension.

The owners of the Diversified Machine factory in Bristol and the New Flyer factory in Elkhart have notified state officials of the closing plans.

Caterpillar is set to receive two tax abatements from the city of Lafayette because of plans for a $73.6 million investment – despite financial issues in recent years.

Caterpillar plans to invest $73.6 million through 2021 in building improvements, information technology software and equipment. The Lafayette facility currently employs about 1,350.

The group celebrated record March sale numbers, as well as looked ahead to the future of RV manufacturing.

Total shipments have increased more than 13 percent compared to last year, which saw a record high of 504,000 RV shipments.

The Jeffersonville shipyard is expected to shut down permanently by the end of April.

The Indiana University Kelley School of Business is creating a new manufacturing research center on the IUPUI campus. A $1 million gift from alumnus Gregg Sherrill and his wife Sabine, will support a directorship for the center.