Manufacturers

Seymour packaging plant with 111 workers to close

May 3, 2012
 IBJ Staff
Exopack LLC plans to close its Seymour facility and terminate 111 employees by July 1, the company said Wednesday in a notice to the state.
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Calumet Specialty’s revenue, profit soar in first quarter

May 2, 2012
The company's improved performance over the same period last year was mostly due to a 150-percent increase in sales volume from its acquisition of a Wisconsin refinery in September.
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Production on Rolls-Royce LiftSystem picks up steam

May 1, 2012
Kathleen McLaughlin
Rolls-Royce Corp. said Tuesday that its landed a $315 million contract from Pratt & Whitney for its LiftSystem, which enables short takeoffs and vertical landings by the U.S. Marine Corps’ F-35B aircraft.
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North American growth propels Cummins' profit

May 1, 2012
Kathleen McLaughlin
Cummins Inc.'s profit jumped 33 percent in the first quarter due to strong demand for its engines in the North American market, the Columbus-based manufacturer said Tuesday morning.
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Illinois furniture manufacturer moving to Indiana

April 24, 2012
 IBJ Staff
Chicago-based Selected Furniture LLC is planning to move its operations to Indiana, the manufacturer said Tuesday, creating up to 100 new jobs by 2014.
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Old Richmond bus plant eyed as manufacturing hub

April 24, 2012
Associated Press
A Richmond businessman has big plans for the former Carpenter bus plant and property that sits along Interstate 70 on Richmond's far northwest side.
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Cummins plans $219 million expansion at Seymour plant

April 24, 2012
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will include new warehouses, additional engineering, production and testing facilities, and a new office building.
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Allison earnings rise on surging sales

April 24, 2012
Kathleen McLaughlin
Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
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Indiana auto-parts maker plans to add 120 jobs

April 23, 2012
ThyssenKrupp Presta Terre Haute LLC plans to spend $22 million to add three assembly lines and expand its manufacturing facility in Vigo County by nearly 70,000 square feet.
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Rolls Royce locks in work on key military programRestricted Content

April 14, 2012
The British engine maker received a $151 million contract to continue making engines for the V-22 Osprey.
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SMC plans $19M Noblesville expansion, 163 jobs

April 10, 2012
 IBJ Staff
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
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Cummins lures job candidates with virtual tour appRestricted Content

March 31, 2012
The idea is to send middle and high school students the message that there are plenty of jobs in engineering.
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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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Wabash National shares rise on $360M deal

March 27, 2012
Associated Press
Shares of Indiana-based Wabash National Corp. jumped Tuesday after the maker of truck trailers said it would diversify its business by purchasing liquid-transportation company Walker Group Holdings LLC for $360 million.
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State's largest private company plans to go public

March 23, 2012
 IBJ Staff and Bloomberg News
Evansville-based Berry Plastics Group Inc., a container maker owned by funds affiliated with Apollo Global Management LLC, on Friday filed to sell up to $500 million of stock in an initial public offering.
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Delaware County regroups after green factories fizzle

March 20, 2012
 IBJ Staff and Associated Press
A central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't delivered on plans for factories with hundreds of workers.
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East-side contract manufacturer plans to add 144 jobs

March 17, 2012
Scott Olson
Mansfield-King LLC is asking the city for property tax abatements as part of its efforts to create the jobs by 2016 through a $3 million expansion. The company currently has 45 employees.
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Sleeping-products event a real eye-opener

March 14, 2012
Scott Olson
About 3,200 visitors are in the city as part of the International Sleep Products Association's biennial event, which showcases the latest technology in mattress manufacturing.
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Analysts lukewarm to Allison ahead of market debut

March 14, 2012
 IBJ Staff and Bloomberg News
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
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Hurco shares surge after quarterly profit soars

March 9, 2012
Kathleen McLaughlin
Hurco Companies Inc. said its fiscal first-quarter profit soared 200 percent over the same period a year ago, driven by strong sales increases in Europe.
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Manning's move may help Nike as it takes NFL contract

March 7, 2012
Bloomberg News
Peyton Manning’s change of address is likely good news for Nike Inc., which replaces Reebok International Ltd. next month as the maker of National Football League-branded apparel and uniforms.
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Green movement a boon for Cummins Emissions

March 6, 2012
Associated Press
Cummins Emissions Solutions, which celebrated its 10-year anniversary last week, began with 11 employees within the Indiana-based company's filtration business. Today, the emissions group employs 1,400 people around the world, including 400 in Columbus.
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Rolls-Royce plans $42M local investment, more jobs

March 6, 2012
Kathleen McLaughlin
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
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MainGate chasing NFL apparel dealRestricted Content

March 3, 2012
Anthony Schoettle
Indianapolis-based MainGate Inc. is in hot pursuit of the NFL’s exclusive Super Bowl on-site merchandise contract. And it might not be the only local company pursuing the multimillion-dollar deal.
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State economy finally gaining tractionRestricted Content

March 3, 2012
J.K. Wall
Leading indicators for Indiana's economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
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