Exports

Indiana lieutenant governor leading trip to Asia

June 12, 2014
 Associated Press and IBJ Staff
The delegation plans to visit Japan, South Korea and Taiwan for two weeks beginning Saturday.
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U.S. steelmakers accuse South Korea of dumping

March 25, 2014
Bloomberg News
U.S. Steel and Steel Dynamics Inc., which have thousands of employees in Indiana, are among steel companies who say they have been unfairly harmed as imports of the products are sold more cheaply than domestic producers can make them.
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Gov. Pence courting Japanese firms during tripRestricted Content

September 14, 2013

Gov. Mike Pence will have met with every major Japanese employer in central Indiana by the time he returns Sept. 14 from his first overseas trade mission. Pence is trying to drum up new investment while thanking the companies that have had a presence here for decades.

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Indiana exports hit record, but growth slows

August 15, 2013
 IBJ Staff
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
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U.S. Department of Commerce recognizes Indianapolis exporterRestricted Content

September 29, 2012
 IBJ Staff
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.
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Cummins cools off, but Seymour expansion still in worksRestricted Content

August 18, 2012
Dan Human
Cummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion in 2011 to $30 billion in 2015.
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Indiana companies finding export boom in AfghanistanRestricted Content

July 28, 2012
Dan Human
While Indiana exports overall rose 12 percent in 2011, to a record $32.2 billion, shipments to Afghanistan rocketed 323 percent, to $828 million.
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Promised tariff cuts could spur Indiana exports to China

March 29, 2012
Chris O'Malley
Indiana logistics firms and their manufacturing clients could gain new export opportunities to China if the country follows through on plans to reduce taxes on imported goods.
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Is China headed for 'soft-landing slowdown'Restricted Content

December 17, 2011
Kathleen McLaughlin
An oasis of growth for some Hoosier manufacturers, China’s economy is headed for a slowdown. That affects both Indiana companies that have outposts in China, and the firms that export to the Asian powerhouse.
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Lugar: Obama failing on Brazil trade, cedes clout to China

December 2, 2011
Bloomberg News
The top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from U.S. companies in Latin America’s biggest economy.
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Taiwanese reps sign deals to buy corn, soybeans

September 26, 2011
Associated Press
Two Taiwanese trade groups have agreed to buy as much as $5 billion worth of corn and soybeans from Indiana and other states in 2012 and 2013.
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Indiana exports hit annual record

September 15, 2011
The state shipped $28.7 billion in goods last year to foreign countries, including Canada, Mexico and Germany, which accounted for most of the demand, according to a report from the Indiana University Kelley School of Business.
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Daniels signs trade deal with Chinese province

July 18, 2011
Associated Press
Daniels signed the business cooperation agreement Monday with the leader of Zhejiang Province, located on the east coast of China south of Shanghai. The document pledges to develop further business links between Indiana and Zhejiang.
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HICKS: Free trade isn't costing Americans jobsRestricted Content

July 16, 2011
Mike Hicks
I actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds that it hurts the economy. There is no more easily disproven fiction.
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HOLT: New York threatens to ballast Indiana exports

April 2, 2011
David Holt
Regulations aimed at stopping invasive species are too stiff.
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Exports fueling Indiana business growth

December 4, 2010
Kathleen McLaughlin
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
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State opens 2nd biz-development office in China

May 21, 2010
 IBJ Staff
Zhejiang Province office will be Indiana Economic Development Corp.'s seventh international location.
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Brightpoint receives foreign trade zone status

February 23, 2010
Granting of foreign trade zone status should help the Indianapolis-based mobile device distributor be more competitive in the global wireless market, company executive says.
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State exporters poised to benefit from Obama effortRestricted Content

February 13, 2010
Kathleen McLaughlin
Overseas sales are a major emphasis for Indianapolis-based Peerless Pump, which makes highly engineered pumps for fire suppression, factories and waterworks. President Obama’s administration wants to help rebuild the U.S. economy by putting more companies on Peerless’ trajectory.
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Air-filter maker fills orders for overseas destinations

September 5, 2009
 IBJ Staff
With a recent surge in overseas sales, Pure Air Systems is reaping the benefits of incorporating new technology into its product line.
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Exports rise despite recessionRestricted Content

April 20, 2009
Chris O'Malley
Indiana's growing shipments to China averts a reversal in exports for the state, but core transportation equipment takes a hit.
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IU hosts important conference on U.S.-China business cooperationRestricted Content

April 6, 2009
Indiana University on April 15-17 will present what might be the most ambitious conference all year on U.S.-China business cooperation.
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India deal boosts BastianRestricted Content

October 22, 2007
Anthony Schoettle
Little more than a decade ago, Bastian Material Handling had annual sales of less than $35 million. Since 2000, its revenue has doubled, to $80 million, and its business interests don't just cross the state, they circle the globe.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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