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Manufacturers
New owner shutting down 520-worker Indiana plant
May 17, 2013
Associated PressAllied Specialty Vehicles announced Thursday it was buying Monaco RV and shifting production to a factory in Decatur, near
Fort Wayne. The 520 jobs lost in Wakarusa won't be replaced on a one-to-one basis.
MoreAerospace company plans central Indiana factory expansion
May 16, 2013
Associated PressL&E Engineering Co. officials say the company will spend $3.7 million to expand its Greenwood factory and add about 40
employees.
MoreBloomington manufacturer closing, laying off 72
May 15, 2013
IBJ StaffHartmann USA said Wednesday that it will move the Bloomington operations to its U.S. headquarters in Rock Hill, S.C., where
it plans an $18 million expansion.
MoreRolls-Royce to produce engines for new reconnaissance copter
April 30, 2013
Mason KingIndianapolis manufacturing operations will provide cutting-edge engines for the latest generation of helicopter drones to
be used by the U.S. Navy.
MoreInternational Paper to fold local plant, laying off 91
April 30, 2013
Mason KingThe shutdown is the latest in a recent string of layoffs and closures by the global company in its Indiana operations.
MoreCummins earnings widely miss predictions
April 30, 2013
IBJ StaffThe Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell
12 percent on weak demand for its products in domestic and international markets.
MoreHostess to open bakery in Indianapolis
April 29, 2013
Associated PressHostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that
it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands.
MoreDow AgroSciences grows sales, earnings to new heights
April 25, 2013
Mason King, Bloomberg NewsRecord sales for seeds and new crop protection products helped boost revenue 14 percent at Indianapolis-based Dow AgroSciences
LLC in its new fiscal year.
MoreExecs at Chromcraft Revington enter talks to buy firm
April 19, 2013
IBJ StaffMembers of the management team are in negotiations to buy the West Lafayette-based furniture maker, which recently moved to
delist from the New York Stock Exchange.
MoreGrand Design RV plans 500 jobs in Elkhart County
April 18, 2013
Associated PressGrand Design RV in Middlebury on Thursday said it plans to locate its headquarters and manufacturing operations in the Elkhart
County town about 30 miles east of South Bend.
MoreLilly's $30.6M tax abatement request clears hurdle
April 18, 2013
IBJ StaffThe pharmaceutical firm has $400 million in projects in the works for its facilities south of downtown. City officials have
advanced its request for tax breaks to a public hearing and final consideration May 1.
MoreLafayette key to Subaru ending dealer shortages, exec says
April 18, 2013
Bloomberg NewsFuji Heavy Industries Ltd., the Japanese maker of Subaru cars, intends to end a shortage of its vehicles at U.S. dealerships
soon by expanding capacity at its Lafayette plant.
MoreAllison expects 50-percent drop in quarterly earnings
April 15, 2013
Associated PressThe Indianapolis-based transmissions manufacturer said its profit would be hurt by a steep drop in revenue in the first quarter.
MoreIndiana furniture maker to exit stock exchange
April 9, 2013
Mason KingThe board of directors of Chromcraft Revington Inc., a West Lafayette-based designer and manufacturer of furniture, has decided
to pull its shares from the New York Stock Exchange.
MoreLawmakers hope to woo gun manufacturers to Indiana
April 3, 2013
The Statehouse FileTwo resolutions, including one that passed the House on Tuesday, aim to attract gun manufacturers to Indiana by touting the
state's tax climate and gun-rights laws.
MoreIndiana bottle maker pushing for refund law
April 2, 2013
IBJ Staff and Associated PressA central Indiana company that makes glass bottles and jars is urging state lawmakers to pass legislation requiring refundable
deposits on beverages sold in recyclable bottles and cans.
MoreIndiana corn dog maker with 87 workers closing
March 29, 2013
Associated PressA company founded more than 50 years ago as Al Pete Meats is closing its doors, ending 87 jobs.
MoreToyota model made in Indiana getting sleek overhaul
March 27, 2013
Bloomberg NewsToyota Motor Corp. is revamping the Highlander SUV, turning the car-based crossover into a more wagon-like model as the automaker
seeks to keep its U.S. sales rising for a third consecutive year.
MoreCalumet goes back to market with public offering
March 26, 2013
IBJ Staff, Associated PressThe Indianapolis-based petroleum refiner plans to use proceeds from the 5.3 million unit stock offering for working capital,
acquisitions and possibly the redemption or repurchase of debt.
MoreRolls-Royce late with key part for F-35 fighter
March 25, 2013
Bloomberg NewsRolls-Royce Holdings Plc was an average of 160 days late last year in delivering equipment needed for the U.S. Marine Corps
version of the F-35 fighter to hover and land like a helicopter, according to the Pentagon.
MoreCompany taps sports market with bacteria-stalking chemical
March 23, 2013
Anthony SchoettleAnderson-based Coeus Technology has invented a chemical that kills dangerous bacteria, including potentially deadly staph,
by forming a germ-killing barrier that lasts two weeks to six months.
MoreHillenbrand CEO Camp to step down in September
March 21, 2013
Associated PressKenneth Camp helped transform Batesville-based Hillenbrand Inc. from a $650 million casket company serving North America to
a $1.6 billion global diversified industrial company.
MoreHurco names new president
March 15, 2013
Gregory S. Volovic has been at the machine-tool manufacturer since 2005 and most recently served as executive vice president
of technology, operations and North American sales and service.
MoreMeat distributor plans plant, 80 jobs in Hancock County
March 13, 2013
Chicago-based Peer Foods Group Inc., a meat producer and distributor, said Wednesday that it plans to create 80 jobs by 2014
as part of a $5.5 million expansion into Hancock County.
MoreNoblesville manufacturer plans move to Elwood, expansion
March 13, 2013
Kathleen McLaughlinWarner Bodies Inc., a 74-year-old Noblesville manufacturer with 50 employees, expects to add about 150 workers after moving
to Elwood.
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Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.