IBJNews

Beckman Coulter relocation could create hundreds of jobs

Peter Schnitzler
January 10, 2007
Keywords
Back to TopCommentsE-mailPrintBookmark and Share
Beckman Coulter Inc. announced this afternoon that it will shutter a centrifuge development and manufacturing facility in Palo Alto, Calif., and move its operations to Indianapolis. The Palo Alto facility employs 220 people.
 
Beckman Coulter, based in Fullerton, Calif., said the move will cut costs and improve its ability to recruit and retain skilled employees.
 
“Closing our facility in Palo Alto was a difficult decision because the people there have always done excellent work and we have a long history in the area,” Beckman Coulter senior vice president Pam Miller said in a statement.

“By relocating our operations to the Indianapolis area, we can work aggressively to manage our costs and maintain our leadership position in centrifugation, an important asset of the company,” Miller’s statement continued. “Also, we’re able to take a longer-term view of workforce planning.”
 
Beckman Coulter said several factors contributed to the decision. They included the presence of an existing Beckman Coulter operation in Indianapolis; the area’s favorable business environment and low cost of business; its central location and strong engineering and manufacturing workforce; and the state’s strategic focus on life sciences and advanced manufacturing.
 
The company generates $2.4 billion in sales a year manufacturing biomedical testing systems.
 
Shares of Beckman Coulter are traded on the New York Stock Exchange under the symbol BEC.
ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

ADVERTISEMENT