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Poet is scheduled to have the grand opening of its $105 million ethanol plant in Portland today.
The plant will produce 65 million gallons of ethanol each year. It will use 22 million bushels of corn to make the alternative fuel, the company said in a prepared statement.
Residents will be able to tour the Jay County plant from 9:30 to 10:45 a.m. and again from 12:30 to 3:15 p.m.
Poet, which changed its name from Broin Cos. in March, plans to build a $130 million ethanol plant three miles south of North Manchester. Poet abandoned plans to build another ethanol plant in Wells County this year.
Sioux Falls, S.D.-based Poet operates 20 ethanol plants and is building or developing seven other plants, Poet said. The company produces and markets more than 1 billion gallons of ethanol a year.
More than 30,000 people applied online for jobs at the $550 million Honda Motor Corp. factory under construction in Greensburg in southeastern Indiana.
Sunday was the deadline for potential workers to be considered for a round of hiring to begin this fall. The company began accepting applications for production jobs on Aug. 26.
Honda said 30,296 people filed online applications for the 2,000 production jobs expected to be available at the plant. The number of applications is nearly three times the population of Greensburg, where the factory is being built.
“That’s a huge number, and this is very satisfying to us,” Honda spokesman David Iida said. “Now, if Hoosiers produce cars with the same passion as they play basketball, we’ll all be in great shape.”
The state will review the information before turning it over to Honda’s human resources staff.
Honda said it would consider only those who live in a 20-county area around the factory site so that they live within an hour’s drive.
Steel producer Nucor Corp. said Thursday it has agreed to buy Nelson Steel Inc., a producer of wire mesh, for $54 million in cash.
Nucor shares rose more than 5 percent.
Charlotte, N.C.,-based Nucor, which makes steel from recycled metal, said the deal will expand its existing mesh operations. The company, which has operations in northeast Indiana, expects its earnings to increase when the deal closes, which is planned for the fourth quarter.
Nelson, based in New Salem, Pa., has about 80,000 tons of capacity and 120 workers.
The acquisition is “a good growth opportunity for one of our existing downstream businesses and complements and expands our wire mesh businesses,” said Mike Parrish, Nucor’s executive vice president. Parrish was referring to the company’s Nucor Steel Connecticut and Harris Steel Group operations.
McDonald’s Corp. stock surged to an all-time high Thursday after the fast-food chain announced the largest dividend increase in its history and pledged to return more money to shareholders than Wall Street expected.
The dollar’s record low against the euro also boosted McDonald’s, which has more than 6,000 restaurants in Europe.
Shares in the company rose $3.10, or 6 percent, to $54.30 Thursday after reaching a high-water mark of $54.68.
The increase came a day after McDonald’s raised its annual dividend by 50 cents per share to $1.50 and said it expects to return between $15 billion and $17 billion in cash to shareholders through dividends and share buybacks.
Citigroup Inc. has agreed to provide up to $21.4 billion in financing to GMAC LLC, the financial services company formerly controlled by General Motors Corp., according to a regulatory filing Tuesday.
The loan deals, effective Sept. 6, replace an existing $10 billion asset-backed funding facility with Citi.
