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Manufacturers
Sluggish demand for electric car forces layoffs at Ener1
March 25, 2011
Kathleen McLaughlinBattery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand
from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
MorePentagon issues 90-day stop-work order on GE-Rolls engine
March 24, 2011
Bloomberg NewsThe U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine
for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
MoreAllison Transmission files for $750M IPO
March 20, 2011
Kathleen McLaughlinAllison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future
growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
MorePlastics specialist Genesis plays to eco-conscious market
March 19, 2011
Fortville manufacturer plans $3.3 million expansion
MoreWabash National adding 200 jobs at Indiana plant
March 18, 2011
Associated PressTrailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract
to build bulk storage fluid tankers for another Indiana company.
MoreEconomist: U.S. recovery ‘turning a corner’
March 16, 2011
Kathleen McLaughlinManufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group
senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
MoreForklift accident kills worker at Indianapolis plant
March 16, 2011
Associated PressIndianapolis fire officials say a forklift operator was killed at Royal Food Products Inc. when a floor collapsed beneath
the machine at the food manufacturing plant.
MoreSubaru, Toyota curb output at Indiana plants
March 15, 2011
Associated PressTwo Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from
Japan after that country's devastating earthquake and tsunami.
MoreRolls-Royce moving 2,500 workers downtown
March 15, 2011
Scott OlsonThe British-based company will move the office workers later this year to a downtown Indianapolis office building on South
Meridian Street formerly occupied by Eli Lilly and Co.
MoreHurco turns first quarterly profit in two years
March 10, 2011
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first
quarter.
MoreNorthstar Aerospace closing Anderson plant; 48 jobs lost
March 9, 2011
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
MoreRenewable energy 'coordinator' eyes GM plant
March 8, 2011
Kathleen McLaughlinD'Arcinoff Group, which calls itself a manufacturing coordinator, has its eye on the soon-to-close General Motors stamping
plant west of downtown Indianapolis.
MorePartnership aims to help Midwest manufacturers
March 2, 2011
Associated PressThe Obama administration is creating a $4.5 million partnership between the private sector and government to help Midwest
manufacturers access high-tech computing to speed up design cycles for future products.
MorePlastics firm plans expansion, 54 new jobs
March 2, 2011
IBJ StaffFortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east
of Indianapolis, adding as many as 54 new employees by 2014.
MoreCity seeks replacement for GM plant
February 24, 2011
Francesca JaroszIndianapolis will spend $115,000 on a study to explore redevelopment opportunities for the 102-acre GM Stamping Plant property
west of downtown that will close this summer.
MoreCasket maker plans $16.5M investment, 300 jobs
February 23, 2011
Scott OlsonIndianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of
operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
MoreCountertop maker to close Shelbyville plant
February 21, 2011
IBJ StaffIowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility
in Maryland, the company said Friday.
MoreChina company bringing 150 jobs to Lafayette
February 16, 2011
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated
to begin in the spring. The company will start hiring in the fall.
MoreUPDATE: House votes to kill pricey jet fighter engine
February 16, 2011
Associated PressThe decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s
second-largest manufacturer behind Eli Lilly and Co.
MoreFourth-quarter earnings improve at Calumet
February 16, 2011
Kathleen McLaughlinCalumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
MoreDiabetes boom sparks Roche expansion
February 12, 2011
J.K. WallRoche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading
brand of blood glucose monitors.
MoreKlipsch selling for $166M, Audiovox says
February 3, 2011
IBJ StaffKlipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of
the current management team, Audiovox said.
MoreCummins reports record quarterly sales, profit
February 1, 2011
Sales for the fourth quarter were $4.1 billion, up 22 percent from the same period in 2009. Quarterly profit of $362 million,
or $1.84 per share, exceeded analyst expectations.
MoreRolls-Royce wins a pair of military contracts
February 1, 2011
IBJ StaffIndianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.
MoreAerospace firm plans to add 159 engineering jobs
January 27, 2011
IBJ StaffAero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport,
adding up to 159 jobs over the next two years.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.