Manufacturers

Cummins posts record results for quarter, 2011

February 2, 2012
Kathleen McLaughlin
Columbus-based diesel engine maker Cummins Inc. reported record results for 2011, earning $1.85 billion on revenue of $18 billion.
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Lotion maker relocating operations to Indianapolis

January 27, 2012
Scott Olson
Indianapolis-based New Sunshine, which is owned by a group led by former Conseco Inc. CEO Stephen Hilbert, said it will add 180 jobs by moving a manufacturing facility from Tempe, Ariz.
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French breast-implant recall could sway U.S. device debate

November 28, 2012
Bloomberg News
U.S. medical device makers have spent the last year urging government officials to approve high-risk products faster, like their European counterparts. A scandal over leaking breast implants made in France, however, may make the argument more difficult.
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Calumet Specialty Products buys synthetic lubricant businessRestricted Content

January 14, 2012
 IBJ Staff
The purchase included 22 acres of land and a factory in Louisiana, Mo.
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Hurco reports fourth straight quarterly profit

January 13, 2012
Strong sales in North America and Europe helped the Indianapolis-based machine-tool maker.
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Ex-Peterbilt dealer hauls trailer manufacturer to court

January 10, 2012
Chris O'Malley
A longtime Indianapolis-based Peterbilt dealer is suing California-based Utility Trailer Manufacturing Co. for allegedly blocking the sale of the dealership’s trailer sales arm.
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Klipsch pushes up earnings for parent company

January 9, 2012
Kathleen McLaughlin
Klipsch Group parent company Voxx International Corp. said its earnings nearly doubled in its fiscal third quarter, thanks in part to the Indianapolis-based speaker maker it acquired last year.
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Great-grandson of LDI's founder prepares to take reinsRestricted Content

January 7, 2012
Kathleen McLaughlin
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
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Boone County officials ‘surprised’ by ASI closing

January 5, 2012
Scott Olson
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer's high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
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Turkey processor to hire up to 600 for new Vincennes plant

December 22, 2011
Huntingburg-based Farbest Foods Inc. said it will invest $69 million to build a 220,000-square-foot facility.
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Honda reworking Civic in plan to boost sales

December 21, 2011
Bloomberg News
Honda Motor Co. is sprucing up its Indiana-made Civic sedan, which received poor ratings, after less than a year on the market as part of a plan to boost U.S. sales by 24 percent in 2012 for its namesake brand.
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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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Honda has high hopes for new Acura model made in Indiana

December 12, 2011
Bloomberg News
Honda Motor Co., seeking to revive its Acura luxury brand, is introducing a sedan intended for younger buyers unable to afford higher-end autos.
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Rolls-Royce tax-incentives deal set for hearing

December 5, 2011
Cory Schouten
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown's Faris campus is scheduled for an initial hearing Wednesday.
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East-side Reebok plant flourishes despite NFL contract lossRestricted Content

December 3, 2011
Anthony Schoettle
The Reebok-Adidas plant on Indianapolis' east side, faced with losing an estimated 60 percent of its business when its National Football League contract expires early next year, has done what no one would expect: Add employees.
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Food company closing in Indiana has unpaid bills

December 1, 2011
Associated Press
An organic food company that is closing its eastern Indiana preparation center was offered up to $3.5 million in state tax credits to open its plant, but it owes more than $31,000 in property taxes and sewer bills.
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RV industry on slow road to recovery in 2011

November 29, 2011
Associated Press
The recession-dented RV industry pointed Tuesday to modest gains atop last year's turnaround performance as another sign that the sector is on a slow road to recovery.
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Organic food company closes in Cambridge City

November 28, 2011
Really Cool Foods, which once planned to have 1,000 workers in eastern Indiana, ceased operations Monday, costing 131 employees their jobs.
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International Paper extending layoff of 87 workers

November 28, 2011
Employees at the company's Sherwood Packaging plant in Indianapolis expected to return to work in January but now won't return until "well into the second quarter."
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Honda's U.S. plants to resume normal output

November 28, 2011
Bloomberg News
Honda Motor Co. said six plants in the U.S. and Canada will reach normal production levels on Dec. 1 after having to adjust output this month because of floods in Thailand.
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Cummins expanding R&D in South Carolina officeRestricted Content

November 26, 2011
 IBJ Staff
The manufacturer will invest $24 million over three years.
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Allison reaches production milestoneRestricted Content

November 26, 2011
 IBJ Staff
Manufacturer churns out 5,000th system for hybrid buses, a transmission used round the world.
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Struggling Ener1 receives $4.5M from investor

November 23, 2011
The parent of Indianapolis-based advanced-battery maker EnerDel received the financing to continue operating while the company evaluates its options to reorganize debt.
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Packaging company plans to add 63 jobs in Lawrenceburg

November 18, 2011
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
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Military contractor cutting 200 jobs in Fort Wayne

November 17, 2011
Associated Press
Military contractor ITT Exelis is cutting about 200 jobs from its operations in Fort Wayne. The move comes as the company is winding down work on a multiyear contract to make sophisticated radios for use by combat troops.
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