NTN announces $58 million expansion in Anderson

NTN Driveshaft, which first began operations in Anderson in 2017, has announced a $58 million expansion of its local facility.The expansion will create 140 new jobs at the facility with an annual payroll of $5.4 million, plus benefits. The average wage is expected to be $18.89 per hour.

Two companies announce expansions in Richmond

DAK Americas LLC, an Alpek Polyester Business, is expanding with a $32 million investment. The PET recycling company will also hire 30 new full-time employees with an average wage of $20.89 by the end of 2021.

Holland Colours Americas, Inc., a producer of colorants for the plastics industry, will expand operations by adding a new product line. The company plans to invest $1.66 million and create 20 new full-time jobs.

OCRA awards several rural communities with federal grant funds

Lt. Governor Suzanne Crouch and the Indiana Office of Community and Rural Affairs awarded 21 rural Hoosier communities with more than $12.3 million in federal grant funding.

Of the Hoosier communities to receive funding, the east central Indiana communities were Randolph County with $500,000 to renovate the Jay-Randolph Developmental Services building, the city of Union City with $600,000 for drainage improvements, the city of Alexandria with $700,000 for wastewater system improvements and the town of Eaton with $600,000 for drinking water system improvements.

Cormo USA Inc. to plant first US production in Rushville

Cormo USA Inc., which utilizes technology to turn corn field waste into sustainable products, announced plans today to establish operations in Rushville, creating up to 250 new, high-wage jobs by the end of 2023.

“Indiana’s economy is increasingly global, and we are excited to welcome yet another international company to the Hoosier state,” Governor Eric J. Holcomb said. “With strong roots in agriculture and a flourishing tech sector, Indiana is the perfect destination for innovative companies like Cormo USA to locate as they work to develop and refine critical solutions.”The company, which was incorporated as a joint venture between Switzerland-based Cormo AG and Florida-based Sustainable Projects Group Inc. in 2018, will invest approximately $29.5 million to establish its first U.S. production plant in Indiana, constructing and equipping a state-of-the-art facility on 10 acres in the Commerce Park at Rushville.

The new facility, which the company plans to break ground on this summer, will process maize straw from up to 150,000 acres of corn fields each year into a 100 percent sustainable peat moss substitute (TEFA) for agricultural uses and into foam products (BABS) for material science uses. This patented process has been utilized at the company’s pilot plant in France since 2016.

Accutech Systems Plans Headquarters Expansion in Delaware County

Accutech Systems, a software company providing innovative wealth management solutions, announced plans today to expand its operations in Indiana, investing in a new headquarters facility in downtown Muncie. With this growth, the company will nearly double its Delaware County workforce, planning to reach at least 100 local employees by 2023.

“Indiana's tech community is on a roll thanks to the spirit and commitment of Hoosier entrepreneurs and innovators across the state," said Indiana Secretary of Commerce Jim Schellinger. "Companies like Accutech are not only helping advance our economy by developing new solutions with 21st century technology, they're also propelling our communities forward. With this announcement, it is clear that Accutech will be a true partner in enhancing the quality of place in the Muncie area and in supporting the continued momentum of Indiana’s tech industry and workforce."

The company, which offers state-of-the-art software solutions for the investment industry, will invest more than $5.5 million to purchase and redevelop a 40,000-square-foot facility in the 100 block of Walnut Street that has been underutilized for decades. The new space, which previously housed a Sears Department Store, will allow Accutech to increase and upgrade its technology and computer hardware in order to scale its workforce and develop new software and operations offerings for clients. The company plans to complete the build out and move into the new headquarters by the end of this year.