PMG Indiana Columbus Closure: What Killed 150 Jobs by December 31?

PMG Indiana Corp. (a subsidiary of Füssen, Germany-based PMG Holding GmbH) filed a WARN notice with the Indiana Department of Workforce Development on September 2, 2026, confirming the permanent closure of its 186,000-square-foot powder-metal plant at 1751 Arcadia Drive in Columbus, Bartholomew County. All 150 remaining jobs are gone by year-end.

The mechanism that matters: in February 2026, Dauch Corporation (formerly American Axle and Manufacturing) acquired GKN Powder Metallurgy, creating a single North American-headquartered network with more than 30 global facilities capable of absorbing PMG's Stellantis, Hitachi, and Valeo volume at lower per-unit cost. PMG's customers face minimal disruption. Columbus loses the production permanently.

This was not sudden. PMG's internal notice cites over $150 million in cumulative losses over eight years at a single plant inside a roughly 1,700-employee global group. The workforce trajectory says everything: 365 employees in 2014, 150 today, zero by December 31. A 59% decline that a $23 million expansion, local tax abatements, and three ownership structures could not arrest. This is the second powertrain closure Columbus has absorbed in 2026, NTN's CVJ East Plant wound down earlier this year. That is a city-level structural reset, not a one-off.

If you have European-headquartered Tier-2 ICE suppliers in your chain, document your single-source exposure now, before their customers do it for you.