Thursday, February 22, 2024

Boardroom Briefs

Japanese auto supplier expands production in Madison County

ELSA Corporation increased its automotive parts production in Indiana to support growth at Subaru of Indiana Automotive in Lafayette. The company plans to create a total of 114 new jobs and is investing $111 million in a multi-phase expansion, which will expand the company’s operations to cover 686,000 square feet across multiple buildings on its Elwood campus. Since the expansion launch, ELSA has hired more than 80 associates and now employs more than 350 associates, who are part of Sakamoto Industries’ global team of more than 800 people. The Indiana Economic Development Corporation offered ELSA Corporation up to $500,000 in conditional tax credits based on the company’s plans to create up to 83 new jobs by 2018.


Telamon moves beyond Carmel

Telamon Corp. has expanded its operations to Whitestown. The telecommunications corporation has invested over a million dollars in the new facility, with $650,000 going into equipment and $450,000 to salaries. The new 110,000-square-foot facility, located at the AllPoints at Anson industrial park, includes a warehouse, assembly space and offices. Telamon plans to add 14 jobs and will employ a total of 50 workers at the new location, some of whom will be relocated.


Indiana-based RV manufacturer opens new plants

Keystone RV Co., based in Goshen, broke ground on two manufacturing plants in Elkhart County. The company, a subsidiary of Elkhart-based Thor Industries Inc. (NYSE: THO), has plans to hire between 250 and 300 workers to staff the new facilities, which will cover a total of 200,000 square feet. The additional plants take Keystone RV’s total number of facilities to 40 nationwide, 32 of which are located in Indiana.


Host of Hoosier businesses deemed LGBTQ-friendly

In its latest Corporate Equality Index of Fortune 1000 companies, the Human Rights Campaign Foundation, the nation’s largest lesbian, gay, bisexual, transgender and queer (LGBTQ) civil rights organization, gave several large employers from the Region perfect scores of 100. The scores are based on non-discrimination policies, employment benefits, responsible citizenship, public commitment to LGBT equality and demonstrated organizational competency around LGBT inclusion. Ford, Lear, Arconic, Praxair and Unilever were among the companies included in this honor.



Southern casino makes big changes

Horseshoe Southern Indiana is currently undergoing a $13 million makeover. The revamp includes all 503 guest rooms, the lobby and cafe. In addition to refreshed decor, carpet, paint finishes and more, guests will be able to enjoy updated technological amenities such as USB ports and new televisions. Though the updates won’t be done until the spring, some refreshed guest rooms were slated to be available in January. The casino’s administration says the makeover will not affect room prices.


Sports company changes name, launches new product

YouTheFan, formerly known as IDNA Brands, a Warsaw-based company that specializes in selling college and professional sports-branded “Sportulas” and other goods, is doing something new with its latest venture, StadiumViews. The product is a laser-manufactured 3D replica of college and professional sports stadiums and arenas. On its website,, the company states each StadiumView product is precision crafted in the USA using white birch and features hand-drawn original artwork. At 3 inches deep, these reproductions capture the special details of each venue from a blimp’s-eye perspective.


New businesses set to open in Carmel shopping destination

David Klain, custom-home builder and restaurateur, purchased 4.5 acres in The Village Center Shoppes from Brenwick Development Company Inc. The land was acquired for an unspecified amount. Klain plans to add 61,000 square feet of commercial space and 50 residential units on the upper floors of proposed retail buildings in the neighborhood’s struggling downtown area.


New Albany manufacturer to expand

W.M. Kelley Co., a manufacturer specializing in material handling equipment and conveyor systems, will expand its current operations and add up to 13 new jobs by 2019. According to a news release, the company will invest $1.88 million to expand and equip its facility in New Albany. Reportedly, the Indiana Economic Development Corp. offered W.M. Kelley Company Inc. up to $75,000 in performance-based training grants based on the company’s job creation plans.


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