Manufacturers

Manufacturing bellwether Hurco turns profitableRestricted Content

September 24, 2011
 IBJ Staff
The company's third-quarter profit was $4.6 million on sales of $50.6 million, compared with a year-ago loss of $1.2 million on sales of $26.5 million.
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Trailer manufacturer cutting 106 jobs in Indiana

September 22, 2011
Pace American Enterprises in Middlebury is eliminating the jobs as part of a company-wide layoff that so far has affected 250 employees in five locations.
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GAO finds cost estimates for F136 engine outdated

September 22, 2011
Kathleen McLaughlin
Some members of Congress hope to revive work on the alternate engine for the F-35 Joint Strike Fighter, which Rolls-Royce in Indianapolis worked on for nine years before the project was halted in April.
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Japanese auto parts maker adding 50 jobs in Franklin

September 22, 2011
 IBJ Staff
KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County.
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Otis Elevator expected to close plant with 200 workers

September 20, 2011
 IBJ Staff and Associated Press
Bloomington city officials say it appears an Otis Elevator Co. plant with about 200 workers will be closing next year after the company opens a new plant in South Carolina.
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Big sales forecast by CEO boosts Cummins stock

September 14, 2011
Associated Press
Cummins Chairman and CEO Tim Solso said Tuesday that 2011 would be a record year for the Columbus manufacturer.
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Wind-turbine company moving into Evansville plant

September 13, 2011
Associated Press
A company that makes wind-turbine blades says it will start its first U.S. facility at a former refrigerator plant in Evansville that Whirlpool Corp. closed last year. The business said it could employ up to 400 workers in the area by 2014.
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EnerDel parent in danger of losing NASDAQ listing

September 12, 2011
Kathleen McLaughlin
The New York-based parent of EnerDel, which has almost 400 employees in the Indianapolis area, told investors Friday that it had received written notice of its failure to comply with NASDAQ's listing requirements.
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Herff Jones jumps into cheerleadingRestricted Content

September 10, 2011
Kathleen McLaughlin
Yearbook-and-class-ring maker Herff Jones on Aug. 1 bought Memphis-based Varsity Brands, the top supplier of cheerleader uniforms, as well as the force behind cheerleading’s evolution into a stand-alone sport. Varsity will bring Herff about $250 million in annual revenue through its uniform sales, training camps and competitions.
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Not-for-profit seeks purchase that would aid Easter SealsRestricted Content

September 10, 2011
Kathleen McLaughlin
Crossroads Industrial Services Chief Operating Officer Curtiss Quirin has a certain sense of urgency as he looks to buy a business to add revenue to the not-for-profit contract manufacturer, because Crossroads provides jobs for people with disabilities, and generates a surplus that feeds the revenue-starved parent organization, Easter Seals Crossroads.
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Hurco shares jump on profitable quarter

September 9, 2011
 IBJ Staff
Computerized machine tool maker Hurco Cos. Inc. on Friday announced its third consecutive quarterly profit, helped in part by its best sales performance ever in Asia.
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Trailer manufacturer adding 200 jobs in northeastern Indiana

September 9, 2011
Howe-based Cruiser RV LLC will begin hiring this month as part of an $850,000 expansion to add a new production line in nearby LaGrange.
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Medical manufacturer plans Fishers expansion

September 7, 2011
 IBJ Staff
Tridien Medical, a Coral Springs, Fla.-based manufacturer of therapeutic support surfaces, plans to expand its plant in Fishers, adding up to 40 new jobs by 2013, including 25 in the next year.
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Refrigerant company fights EPA over rulesRestricted Content

September 3, 2011
Kathleen McLaughlin
Jim Tieken, a former refrigeration repairman, invented an alternative to the coolant Freon when the U.S. Environmental Protection Agency banned it in the mid-1990s. But his company might be unable to continue making that alternative, Hot Shot, because of cap-and-trade burdens, according to a letter Tieken sent the EPA in May.
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IEDC, Conexus form aerospace, defense council

August 30, 2011
The Indiana Aerospace and Defense Council brings together industry leaders to begin creating a plan to grow the sector. IEDC and Conexus say Hoosier defense contractors have created 1,800 jobs in the past two years.
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Air tool manufacturer plans Indiana expansion

August 30, 2011
 IBJ Staff and Associated Press
Sullair Corp., which makes air compressors and other air tools, says it will expand its headquarters in northern Indiana and expects to add up to 113 jobs in the next few years.
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City to seek more parking for Rolls-Royce's move

August 23, 2011
Francesca Jarosz
The Capital Improvement Board will be charged with helping Rolls-Royce Corp. find up to an additional 500 parking spaces to accommodate the company’s move to a downtown office campus formerly occupied by Eli Lilly and Co.
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Honda returning to full production despite sales declines

August 22, 2011
Bloomberg News
Honda Motor Co.'s reputation for world-class manufacturing may belie a slipping emphasis on design just as the automaker's U.S. factories—including its expanding Civic plant in Indiana—are preparing to return to full production.
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Packaging manufacturer plans 90-person Greencastle plant

August 22, 2011
 IBJ Staff
The company will put the plant in an existing 250,000-square-foot industrial building.
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Defense contractor adding 60 jobs in Bloomington

August 19, 2011
Next Wave Systems LLC will add the jobs by 2014 as part of a $330,000 expansion at its Bloomington facility.
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Cable maker adding 40 jobs at Carmel headquarters

August 18, 2011
Belden Inc. said it will spend $3.1 million to lease and equip a new 30,000-square-foot facility in Carmel, where its Americas division is headquartered.
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EnerDel parent expresses major cash-flow concerns

August 18, 2011
Kathleen McLaughlin
Auditors are reviewing whether Ener1 Inc., which has hundreds of workers in the Indianapolis area, has enough cash to continue operations.
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Auto stampings plant plans to add 75 jobs in Muncie

August 18, 2011
Indiana Stampings LLC plans to add 75 jobs by 2013 as part of a $7.3 million expansion that includes leasing and equipping a 155,000-square-foot facility.
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Manufacturer plans 35 jobs in Franklin expansion

August 17, 2011
 IBJ Staff
An Arbor, Mich.-based manufacturer is planning a $10 million expansion to its plant south of Indianapolis that will add 35 more employees, it announced Wednesday.
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Westfield company wants to add 178 jobs in Jeffersonville

August 10, 2011
J.K. Wall
A subsidiary of Westfield-based Revere Industries LLC could add 178 jobs in Jeffersonville in southern Indiana if it wins approval of a property tax abatement.
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