Factories

Haynes reports quarterly, fiscal-year losses

November 24, 2009
Kokomo-based Haynes International Inc.'s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
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Wind turbine maker adding 260 jobs in New Albany

November 23, 2009
 IBJ Staff
California-based WindStream Technologies Inc. plans to locate a development and production facility at Purdue Research Park of Southeast Indiana, creating more than 260 jobs by 2012.
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Westfield's Truss Manufacturing Co. changes name, expands product line

November 21, 2009
 IBJ Staff
Truss Manufacturing Co., a fixture along U.S. 31 in Westfield since 1959, in October changed its name to TMC Building Products to emphasize its expansion into other supplies.
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State lands $4 million grant to aid autoworkers

November 18, 2009
The U.S. Department of Labor awarded the Indiana Department of Workforce Development a $4 million grant on Wednesday to help autoworkers transition into alternate careers.
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Chemical-maker Benchmark Products merges with Ohio's New Surface Technologies

November 7, 2009
 IBJ Staff
Benchmark Products Inc., a local manufacturer of metal-finishing chemicals, will combine with a Bedford, Ohio, company and keep its headquarters and production in Indianapolis. The combined company will be renamed Asterion LLC.
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Fort Wayne plant closing to leave 118 jobless

November 5, 2009
Marietta, Ga.-based Graphic Packaging International Inc. has notified the state that it will cut 118 jobs by closing its plant in Fort Wayne.
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Military firm could create 500 jobs at former chemical site

November 5, 2009
 IBJ Staff and Associated Press
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than $1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
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Brake manufacturer closure costs 118 jobs

November 3, 2009
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting in the loss of 118 jobs.
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GM to draw government funds for Delphi costs, source says

October 28, 2009
Associated Press
General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp., a person briefed on the company's finances said Wednesday.
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Grill maker to locate HQ in Indiana, hire 300

October 28, 2009
 IBJ Staff
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
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Accuride restructuring under Chapter 11 bankruptcy

October 8, 2009
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
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Whirlpool agrees to maintain Evansville operations

September 30, 2009
Whirlpool Corp. has notified state officials that it will continue to operate its refrigeration product development center in Evansville that employs nearly 300 people.
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Renewable-energy firm eyeing Tipton County plant

September 28, 2009
A renewable-energy firm is considering manufacturing solar panels in an empty Tipton County plant where transmissions were to be built for Chrysler automobiles, according to the Kokomo Tribune.
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New technology sparks growth for plastics welder

September 26, 2009
 IBJ Staff
Genesis Plastics Welding plans to double the size of its Fortville facilities to 50,000 square feet and add to its staff of 49 people
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Beverage firm to open Columbus plant

August 12, 2009
 IBJ Staff
Tipton Mills, a New York specialty beverage company, announced today it will locate a  plant in Columbus, Ind., creating more than 40 jobs.
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UPDATE: Carbon Motors chooses Indiana

July 29, 2009
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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Carbon Motors has chosen Indiana, official says

July 29, 2009
Scott Olson
A rally this morning in Connersville originally intended to help persuade a police car manufacturer to locate a major factory there appears to be a celebration party.
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Prosecutors see seedy side to seemingly tame industryRestricted Content

June 8, 2009
Greg Andrews
Current and former employees of Bloomington-based International Outsourcing Services LLC are under assault by federal prosecutors who charged they participated in a scheme to bilk some of the nation's largest issuers of coupons out of more than $250 million.
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Startup Carbon Motors could create 1,500 jobsRestricted Content

April 13, 2009
Kathleen McLaughlin

Hoosier economic development officials are working to attract police-car maker Carbon Motors to Connersville.

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Struggling contractors hope for sale of factoryRestricted Content

March 9, 2009
Kathleen McLaughlin
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least some of the $44 million they say they're owed by Getrag Transmission Manufacturing.
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GM workers hesitate to bite at buyout baitRestricted Content

February 16, 2009
Kathleen McLaughlin
GM workers must decide by March 24 whether to take a buyout, but the lack of jobs due to the recession coupled with the cost of health care makes their decision especially difficult.
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Elkhart's industries could be transformed to focus on energy conservation and environmental improvementsRestricted Content

February 16, 2009
Morton Marcus
Elkhart's industries should shift to producing mass transit vehicles and manufactured housing for low-income, high-density neighborhoods.
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Big Three woes leave big void in IndianapolisRestricted Content

January 5, 2009
Kathleen McLaughlin
Automakers' Indianapolis manufacturing plants once employed 11,000, but closings and cutbacks zap good jobs, tax base.
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Sensient Flavors: Fed's actions in inquiry leave bad tasteRestricted Content

January 5, 2009
Greg Andrews
An Indianapolis flavor-maker's lawsuit to keep out federal health inspectors has escalated into a legal melee, with attorneys for the company seeking sanctions against the feds for failing to cooperate during the discovery phase of the case.
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Tough economy touching all industries, but some are hurting more than othersRestricted Content

September 22, 2008
Anthony Schoettle, Cory Schouten

Stock markets are falling, jobs are disappearing, and the outlook for the economy seems grim. Banks, real estate developers, retailers and manufacturers are taking the worst hits, but all types of businesses in central Indiana are hurting. From health care to technology, education to philanthropy, every industry is trying to take the setbacks in stride.


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  1. I'm a CPA who works with a wide range of companies (through my firm K.B.Parrish & Co.); however, we work with quite a few car dealerships, so I'm fairly interested in Fatwin (mentioned in the article). Does anyone have much information on that, or a link to such information? Thanks.

  2. Historically high long-term unemployment, unprecedented labor market slack and the loss of human capital should not be accepted as "the economy at work [and] what is supposed to happen" and is certainly not raising wages in Indiana. See Chicago Fed Reserve: goo.gl/IJ4JhQ Also, here's our research on Work Sharing and our support testimony at yesterday's hearing: goo.gl/NhC9W4

  3. I am always curious why teachers don't believe in accountability. It's the only profession in the world that things they are better than everyone else. It's really a shame.

  4. It's not often in Indiana that people from both major political parties and from both labor and business groups come together to endorse a proposal. I really think this is going to help create a more flexible labor force, which is what businesses claim to need, while also reducing outright layoffs, and mitigating the impact of salary/wage reductions, both of which have been highlighted as important issues affecting Hoosier workers. Like many other public policies, I'm sure that this one will, over time, be tweaked and changed as needed to meet Indiana's needs. But when you have such broad agreement, why not give this a try?

  5. I could not agree more with Ben's statement. Every time I look at my unemployment insurance rate, "irritated" hardly describes my sentiment. We are talking about a surplus of funds, and possibly refunding that, why, so we can say we did it and get a notch in our political belt? This is real money, to real companies, large and small. The impact is felt across the board; in the spending of the company, the hiring (or lack thereof due to higher insurance costs), as well as in the personal spending of the owners of a smaller company.

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