Current:Home > StocksBattery parts maker Entek breaks ground on $1.5B manufacturing campus in western Indiana -Mastery Money Tools
Battery parts maker Entek breaks ground on $1.5B manufacturing campus in western Indiana
View
Date:2025-04-17 16:14:54
TERRE HAUTE, Ind. (AP) — Oregon-based battery parts producer Entek broke ground Wednesday on a $1.5 billion manufacturing campus in western Indiana that officials said will create more than 640 jobs and give a boost to Indiana’s growing electric vehicle industry.
Gov. Eric Holcomb joined Entek executives and others at the Terre Haute groundbreaking for the planned 1.4-million-square foot (130,064-square meter) complex, with Holcomb calling it “a great day for Terre Haute and for the state of Indiana.”
Entek, based in Lebanon, Oregon, makes battery separators for lithium-ion battery manufacturers. The company, which announced the project in March, said its new Terre Haute manufacturing campus will produce enough battery separators per year to supply material for about 1.4 million vehicles annually.
“This decision cements Indiana’s leadership in the electric vehicle supply chain sector, and we are thrilled to partner with ENTEK to speed the commercialization of U.S.-built EVs,” Holcomb said in a statement.
Entek is the only US-owned and operated manufacturer of wet-process lithium-ion battery separators, according to a news release on the groundbreaking. The Biden administration has been working to strengthen U.S. energy independence and reduce dependence on China for critical components.
Entek CEO Larry Keith said the company appreciates “the support we’ve gotten from President Biden and his administration as we bring together private and public sector.”
“Beating China on advanced battery development and production starts right here in Terre Haute, today,” he said in a statement.
Entek said the project will create more than 640 “high-wage jobs” by late 2027 in Terre Haute, which is located about 70 miles (113 kilometers) west of Indianapolis.
veryGood! (74765)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- A Bankruptcy Judge Lets Blackjewel Shed Coal Mine Responsibilities in a Case With National Implications
- ESPYS 2023: See the Complete List of Nominees
- Missed the northern lights last night? Here are pictures of the spectacular aurora borealis showings
- Meet first time Grammy nominee Charley Crockett
- How Some Dealerships Use 'Yo-yo Car Sales' To Take Buyers For A Ride
- Tesla recalls nearly 363,000 cars with 'Full Self-Driving' to fix flaws in behavior
- 'New York Times' stories on trans youth slammed by writers — including some of its own
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Suspect charged in Gilgo Beach serial killings cold case that rocked Long Island
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Save 56% on an HP Laptop and Get 1 Year of Microsoft Office and Wireless Mouse for Free
- And Just Like That, the Secret to Sarah Jessica Parker's Glowy Skin Revealed
- The debt ceiling, extraordinary measures, and the X Date. Why it all matters.
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- What does the Adani Group's crash mean for India's economy?
- Super Bowl champion Patrick Mahomes opens up about being the villain in NFL games
- Health concerns grow in East Palestine, Ohio, after train derailment
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
How Some Dealerships Use 'Yo-yo Car Sales' To Take Buyers For A Ride
Trump skips Iowa evangelical group's Republican candidate event and feuds with GOP Iowa governor
How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Sarah Jessica Parker Weighs In on Sex and the City's Worst Man Debate
Amazon will send workers back to the office under a hybrid work model
Super Bowl commercials, from Adam Driver(s) to M&M candies; the hits and the misses