Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.An $11 million investment and the promise of nearly 100 jobs in the next three years are the latest from a Columbia City modular parts manufacturer.
Gov. Mike Pence on Wednesday announced that 80/20 Inc. has expansion plans that include building a 31,000-square-feet addition onto its existing facility. The new building will house a training auditorium and expanded office space. Construction likely will begin in April.
80/20 designs and manufactures modular extruded aluminum framing for a variety of industrial and home-hobby applications. This latest development marks the company’s third expansion since 2008.
For more on this story, see Thursday’s print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Thursday.
Verbatim
- Announcement as issued by the state.
