Report: Ind. Manufacturing Sector Sees Gains
For a third straight year, manufacturing employment in Indiana posted a gain, reports the 2014 Indiana Manufacturers Directory, a manufacturers database and directory published by Manufacturers’ News, Inc. (MNI) Evanston, Ill. According to data collected by MNI, Indiana manufacturers added 8,563 manufacturing jobs, or 1.5 percent from April 2013 to April 2014.
Manufacturers’ News reports Indiana is now home to 9,521 manufacturers employing 565,692 workers.
“Manufacturers in Indiana are making large strides, particularly in the revival of its all-important auto sector,” says Tom Dubin, President of the Evanston-based publishing company, which has been surveying industry since 1912. “The state’s reasonable business costs, skilled workforce, and its growing reputation as a center for innovation continue to lure manufacturers.”
Manufacturing companies in Indianapolis employ 73,806 workers, with jobs in the top industrial city little changed over the year. Fort Wayne ranks second with 26,074 jobs, up 1.7%. Third-ranked Elkhart, home to the RV industry’s manufacturing sector, reports 23,760 jobs, up 2.1%, while employment in Evansville remained steady, with the fourth-ranked city home to 16,416 jobs. Columbus accounts for 14,184 jobs, up 7.7% over the year.
According to Manufacturers’ News, gains were led by the state’s transportation equipment industry, which saw a 2.8% employment increase. This is expected to keep rising with expansions planned at Magna Powertrain, Shiloh Die Cast, Alcoa, Heartland Automotive, and Subaru, as well as the opening of a Rolls Royce plant in Indianapolis, and the establishment of a new Chrysler facility in Tipton as part of its $374 million expansion in the state.
Transportation equipment ranks as the state’s largest sector by employment with 86,890 jobs.
Employment rose 2.9% in second-ranked industrial machinery, with the sector accounting for 71,547 jobs, and rose 3.7% in the third-ranked fabricated metals industry, which currently employs 57,589.
Additional gains were reported in food products, up 2.8%; instruments/related products up 2.1%; chemicals, up 1.2%; and stone/clay/glass, up 1.1%. Losses were seen in electronics, down 3.1% and printing/publishing, down 1.4%.
Industrial locations announcing closures included Manitowic Foodservice’s oven-making plant in Fort Wayne; a Cequent Performance Products facility in Goshen; AGI Shorewood’s paperboard factory in Indianapolis; and an Alcoa site in Auburn.
Northeast Indiana accounts for the most manufacturing employment in the state with 148,988 industrial workers, up 1.4%. Indiana’s East Central region accounts for 141,961 jobs, up 1.1% over the past twelve months, while the Northwest region accounts for 91,128 jobs, up 2.7%. Industrial employment in Southwest Indiana remained steady over the year and represents 72,660 of the state’s jobs, while jobs increased 1.9% in Southeast Indiana, with the region currently home to 58,926 workers. Indiana’s West Central region accounts for 52,029 manufacturing jobs, virtually unchanged over the year.