Marshall and Clark County Announcements Point Toward Advanced Manufacturing Demand

In Walkerton, Polygon Co. announced a $4 million expansion of medical manufacturing at its Industrial Park Drive facility, targeting surgical robotics and minimally invasive device demand. Polygon already produces more than 1.3 million precision medical components annually for Medtronic, Baxter, Coloplast, and Apyx Medical. The expansion adds 35 jobs over five years at wages roughly 9% above the South Bend-area average and grows medical from about 20% of revenue to roughly 30%.

Watch the revenue rebalancing more closely than the capex figure. Polygon is deliberately pulling capacity toward medical and away from an industrial book that includes CNH Industrial, Caterpillar, and Honeywell. If you source composite tubing or precision components from Polygon for industrial applications, have a conversation with your rep about allocation. The $4 million may or may not fully offset the mix shift.

In Jeffersonville, CS PowerTech, a U.S. subsidiary of Canadian Solar, opened Phase I of a 750,000-square-foot HJT solar cell plant at River Ridge Commerce Center. At full capacity the plant produces more than 6 gigawatts of cells annually, represents nearly $1 billion in local investment, and supports more than 1,200 jobs. At $0.04 per watt under IRA Section 45X, that run rate generates up to $240 million per year in transferable production tax credits, a core pillar of the financial model, not a side benefit. Phase II is targeted before year-end 2026. Watch whether utility interconnection capacity at River Ridge keeps pace. That is a common bottleneck at hyperscale industrial parks.