September 3, 2021 at 7:08 p.m.
J&M introduces new product
Business roundup
J&M introduces new product
A local company introduced a new product this week.
J&M Manufacturing of Fort Recovery presented its new right-side auger grain cart Tuesday at the Farm Progress Show in Decatur, Illinois.
The new product is the first of its kind of J&M. The company said it developed the product based on feedback from farmers in order to make unloading easier and more comfortable.
“Tractors are designed with controls and monitors on the right side of the cab,” J&M said in a press release. “Compared to a traditional left-side auger grain cart, putting the auger on the right side makes it much easier to watch the grain cart unload, use the tractor controls and track monitors at the same time. This reduces the risk for mistakes especially during stressful moments and greatly diminishes the amount of twisting and turning while operating the grain cart.”
Ribbon-cutting set
Jay County Chamber of Commerce will hold a ribbon-cutting ceremony next week for Compass Wealth Solutions.
The event is slated for noon Friday. Compass Wealth Solutions is located at 1425 W. Votaw St., Portland.
IBJ purchases
IBJ Media announced this week that it has acquired INdiana Media Ventures.
IBJ, which publishes Indianapolis Business Journal and The Indiana Lawyer, purchased GrowINdiana, the parent company of business news outlet Inside INdiana Business. Inside INdiana Business produces TV and radio reporting as well as a business news website.
The TV show Inside INdiana Business with Gerry Dick and Inside INdiana Business Radio will become a new division of IBJ and will continue to broadcast on all of their current stations. Dick, who was previously owner and president of Grow INdiana Media Ventures, will be president of the new division.
Flight added
Sun Country Airlines on Thursday added a non-stop flight from Indianapolis to Orlando.
The company launched its service out of Indianapolis in May. It operates flights to 65 destinations in the U.S., Mexico, Central America and the Caribbean.
“Today Sun Country expands its service for Hoosier travelers with nonstop flights to both Minneapolis and Orlando,” said Indianapolis International Airport executive director Mario Rodriguez in a press release. “Their addition of Indy’s number-one vacation destination, Orlando, ties in perfectly for those ready for fall break travel.”
Seeking to expand
Motherson Sumi Systems Ltd is looking to expand through acquisitions and/or partnerships, Business Standard reported this week.
Motherson Sumi, parent company of MSSL Wiring in Portland, has more than 230 facilities in 41 countries. It is currently in talks with firms about the potential to purchase them.
"We are in a strong position to make acquisitions, even in a volatile environment,” MSSL chairman Vivek Chaand Sehgal told shareholders in the company’s annual report for 2020-21. “Our balance sheet has become stronger since OEMs started re-opening their plants beginning last October, and we could begin ramping-up again.
“Acquisitions must create value for our customers and must allow us to achieve our revenue and ROCE targets simultaneously, among others.”
Purdue partnering
Purdue University this week announced Purdue Foundry and Purdue Research Foundation Office of Technology and Commercialization have reached a partnership agreement with venture studio and fund Boomerang Ventures.
The partnership is designed to assist Purdue with developing healthcare startups and intellectual property. Boomerang will provide guidance as to the most promising opportunities to pursue.
“Boomerang brings an impressive team of highly experienced professionals who are well-steeped in the disciplines of product development, sales, marketing and others to team up with Purdue researchers and bring those big ideas to market,” said Purdue Foundry chief entrepreneurial officer Wade Lange in a press release.
I&M sending
Indiana Michigan Power has sent more than 200 employees and contract crew members to Louisiana to help restore power following Hurricane Ida.
The company announced Monday that it would send out its employees the following day. The workers are from I&M’s Fort Wayne, Muncie/Marion, South Bend/Elkhart and Southwest Michigan territories.
“Not only is Indiana Michigan Power dedicated to supplying safe and reliable service to our customers in Indiana and Michigan, but to others in need across the country,” said I&M vice president of distribution region operations Dave Isaacson in a press release. “I&M and its customers have been the recipients of mutual aid many times when we have faced severe weather and ice storms.”
Tyson deploys
Tyson Foods is sending help to Louisiana following Hurricane Ida.
The company, which also operates Tyson Mexican Original in Portland, is sending truckloads of ice and an initial shipment of 500,000 meals to Louisiana through its Meals that Matter disaster relief program. Tyson is working with Convoy of Hope, Feed the Children, The Salvation Army and Southeastern Grocers to provide ice and food to storm victims, first responders and volunteers.
“The impact of this historic storm is still being felt, and we’re deploying resources where we can make the most impact for the safety and well-being of our team members and Tyson communities,” said Debra Vernon, Tyson senior director of corporate social responsibility in a press release.
Ardagh offering
Ardagh Group announced this week that it plans to launch a share exchange.
Ardagh, which has glass manufacturing facilities in Dunkirk and Winchester, will seek to acquire all of its outstanding Class A Common Shares in exchange for a portion of the shares of Ardagh Metal Packaging S.A. The Ardagh Metal Packaging shares began trading on the New York Stock Exchange on Aug. 5.
Invenergy completes
Invenergy on Wednesday announced that it has completed term and construction financing for its first Michigan project.
Invenergy, a sustainable energy firm pursuing a solar facility in northwest Jay County, completed financing for the 200-megawatt Calhoun Solar project in Calhoun County, Michigan. Construction on the facility is already underway, with completion and start of operations expected in 2022.
“Invenergy is proud to achieve construction financing for the Calhoun Solar project, an important step in bringing our first solar project in Michigan to fruition,” said Invenergy senior vice president of finance and capital markets Anneli Alers in a press release. “The competitive credit facility structure for this project is a testament to Invenergy’s financing capabilities and strong track record with our valued lender partners.”
CVS to present
In a statement Wednesday, CVS Health announced it will be involved in the Morgan Stanley Global Healthcare Conference this month.
CVS president and CEO Karen S. Lynch and executive vice president Alan Lotvin are scheduled to participate in a “fireside chat” with investors during the conference at 8:45 a.m. Sept. 14.
J&M Manufacturing of Fort Recovery presented its new right-side auger grain cart Tuesday at the Farm Progress Show in Decatur, Illinois.
The new product is the first of its kind of J&M. The company said it developed the product based on feedback from farmers in order to make unloading easier and more comfortable.
“Tractors are designed with controls and monitors on the right side of the cab,” J&M said in a press release. “Compared to a traditional left-side auger grain cart, putting the auger on the right side makes it much easier to watch the grain cart unload, use the tractor controls and track monitors at the same time. This reduces the risk for mistakes especially during stressful moments and greatly diminishes the amount of twisting and turning while operating the grain cart.”
Ribbon-cutting set
Jay County Chamber of Commerce will hold a ribbon-cutting ceremony next week for Compass Wealth Solutions.
The event is slated for noon Friday. Compass Wealth Solutions is located at 1425 W. Votaw St., Portland.
IBJ purchases
IBJ Media announced this week that it has acquired INdiana Media Ventures.
IBJ, which publishes Indianapolis Business Journal and The Indiana Lawyer, purchased GrowINdiana, the parent company of business news outlet Inside INdiana Business. Inside INdiana Business produces TV and radio reporting as well as a business news website.
The TV show Inside INdiana Business with Gerry Dick and Inside INdiana Business Radio will become a new division of IBJ and will continue to broadcast on all of their current stations. Dick, who was previously owner and president of Grow INdiana Media Ventures, will be president of the new division.
Flight added
Sun Country Airlines on Thursday added a non-stop flight from Indianapolis to Orlando.
The company launched its service out of Indianapolis in May. It operates flights to 65 destinations in the U.S., Mexico, Central America and the Caribbean.
“Today Sun Country expands its service for Hoosier travelers with nonstop flights to both Minneapolis and Orlando,” said Indianapolis International Airport executive director Mario Rodriguez in a press release. “Their addition of Indy’s number-one vacation destination, Orlando, ties in perfectly for those ready for fall break travel.”
Seeking to expand
Motherson Sumi Systems Ltd is looking to expand through acquisitions and/or partnerships, Business Standard reported this week.
Motherson Sumi, parent company of MSSL Wiring in Portland, has more than 230 facilities in 41 countries. It is currently in talks with firms about the potential to purchase them.
"We are in a strong position to make acquisitions, even in a volatile environment,” MSSL chairman Vivek Chaand Sehgal told shareholders in the company’s annual report for 2020-21. “Our balance sheet has become stronger since OEMs started re-opening their plants beginning last October, and we could begin ramping-up again.
“Acquisitions must create value for our customers and must allow us to achieve our revenue and ROCE targets simultaneously, among others.”
Purdue partnering
Purdue University this week announced Purdue Foundry and Purdue Research Foundation Office of Technology and Commercialization have reached a partnership agreement with venture studio and fund Boomerang Ventures.
The partnership is designed to assist Purdue with developing healthcare startups and intellectual property. Boomerang will provide guidance as to the most promising opportunities to pursue.
“Boomerang brings an impressive team of highly experienced professionals who are well-steeped in the disciplines of product development, sales, marketing and others to team up with Purdue researchers and bring those big ideas to market,” said Purdue Foundry chief entrepreneurial officer Wade Lange in a press release.
I&M sending
Indiana Michigan Power has sent more than 200 employees and contract crew members to Louisiana to help restore power following Hurricane Ida.
The company announced Monday that it would send out its employees the following day. The workers are from I&M’s Fort Wayne, Muncie/Marion, South Bend/Elkhart and Southwest Michigan territories.
“Not only is Indiana Michigan Power dedicated to supplying safe and reliable service to our customers in Indiana and Michigan, but to others in need across the country,” said I&M vice president of distribution region operations Dave Isaacson in a press release. “I&M and its customers have been the recipients of mutual aid many times when we have faced severe weather and ice storms.”
Tyson deploys
Tyson Foods is sending help to Louisiana following Hurricane Ida.
The company, which also operates Tyson Mexican Original in Portland, is sending truckloads of ice and an initial shipment of 500,000 meals to Louisiana through its Meals that Matter disaster relief program. Tyson is working with Convoy of Hope, Feed the Children, The Salvation Army and Southeastern Grocers to provide ice and food to storm victims, first responders and volunteers.
“The impact of this historic storm is still being felt, and we’re deploying resources where we can make the most impact for the safety and well-being of our team members and Tyson communities,” said Debra Vernon, Tyson senior director of corporate social responsibility in a press release.
Ardagh offering
Ardagh Group announced this week that it plans to launch a share exchange.
Ardagh, which has glass manufacturing facilities in Dunkirk and Winchester, will seek to acquire all of its outstanding Class A Common Shares in exchange for a portion of the shares of Ardagh Metal Packaging S.A. The Ardagh Metal Packaging shares began trading on the New York Stock Exchange on Aug. 5.
Invenergy completes
Invenergy on Wednesday announced that it has completed term and construction financing for its first Michigan project.
Invenergy, a sustainable energy firm pursuing a solar facility in northwest Jay County, completed financing for the 200-megawatt Calhoun Solar project in Calhoun County, Michigan. Construction on the facility is already underway, with completion and start of operations expected in 2022.
“Invenergy is proud to achieve construction financing for the Calhoun Solar project, an important step in bringing our first solar project in Michigan to fruition,” said Invenergy senior vice president of finance and capital markets Anneli Alers in a press release. “The competitive credit facility structure for this project is a testament to Invenergy’s financing capabilities and strong track record with our valued lender partners.”
CVS to present
In a statement Wednesday, CVS Health announced it will be involved in the Morgan Stanley Global Healthcare Conference this month.
CVS president and CEO Karen S. Lynch and executive vice president Alan Lotvin are scheduled to participate in a “fireside chat” with investors during the conference at 8:45 a.m. Sept. 14.
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