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Manufacturers
Hurco suffers loss despite better sales
June 4, 2010
Indianapolis-based machine tool maker lost $1.5 million in its second fiscal quarter, which was much greater than the loss
it reported in the same period last year.
MoreEnerDel parent lands $65M investment
June 1, 2010
IBJ StaffThe parent company of lithium-ion battery maker EnerDel has landed a $65 million investment from its largest shareholder.
MoreToyota to move Highlander production to Indiana
June 1, 2010
IBJ Staff and Bloomberg NewsToyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles
a month. In April, it produced about 1,900 units.
MoreEnerDel forms joint venture with Chinese autoparts maker
May 27, 2010
Kathleen McLaughlinBattery company will offer expertise to help Wanxiang build Chinese factory, fill backlogs. Indiana employment could reach
3,000, but there's no target date for achieving that milestone.
MoreNorthstar Aerospace closing Anderson plant
May 25, 2010
IBJ StaffThe Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
MoreMitsubishi planning Franklin expansion
May 20, 2010
IBJ StaffA Franklin manufacturing facility is planning a $9.4 million expansion project that would more than double employment over
the next two years.
MoreTipton County Council to vote on Getrag site incentive
May 18, 2010
The $13 million bond would be used to lower the price of the abandoned plant to help lure a company that is considering
manufacturing solar panels at the site.
MoreKnauf Insulation sues NatCity over $8M investment loss
May 8, 2010
Kathleen McLaughlinOne of Shelby County's largest employers is suing NatCity Investments Inc. to try to recover nearly $8 million in losses on
auction-rate securities. Knauf Insulation filed suit in Shelby Superior Court in March, saying NatCity should repay the money
in accordance with a settlement the bank reached with federal regulators in March 2009.
MoreSale of GM plant could come as soon as June
April 29, 2010
Scott OlsonUAW official says General Motors and prospective buyer are working on a "real aggressive" schedule to have the acquisition
completed by the end of June.
MoreNavistar finalizes foundry closing
April 28, 2010
IBJ StaffNavistar Inc. has notified state leaders that its Indianapolis Casting Corp. foundry at 5565 Brookville Road will close in
July, costing about 220 employees their jobs.
MoreCummins profit jumps on demand from emerging markets
April 27, 2010
Scott OlsonThe Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
MoreCalumet wins $132M federal defense contract
April 27, 2010
The one-year agreement calls for the Indianapolis-based company to supply aviation fuel to the Defense Energy Support Center
in Virginia.
MoreCalifornia brewer to open Franklin plant, hire up to 150
April 15, 2010
IBJ StaffTailGate Beer said it will invest millions of dollars in machinery, equipment and energy-efficiency upgrades to establish
operations in an existing 48,000-square-foot building in Franklin Business Park.
MoreShelbyville insulation company laying off 100 workers
April 8, 2010
Knauf Insulation will idle employees in June for at least six months, as demand for its building products remains soft.
MoreRolls-Royce bags $51 million Marine contract
April 7, 2010
Four-year agreement to provide engines for tanker aircraft is the latest military contract snared by Rolls-Royce's local operations.
MorePackaging company seeks abatement for expansion
April 6, 2010
Just Packaging on the east side of Indianapolis says it plans to invest in new equipment and hire 35 people by 2014.
MoreHundreds show interest in jobs at police car maker
April 6, 2010
IBJ Staff and Associated PressCompany executives told those at Monday's information sessions that many jobs will require an associate's degree in engineering
and computer literacy to operate assembly-line machines.
MoreRaytheon lands key Navy contract
April 2, 2010
Kathleen McLaughlinRaytheon Technical Services Co. LLC in Indianapolis will develop a new bomb rack for U.S. Navy airplanes under a recently
awarded $32.4 million contract.
MoreImpact Racing reaches agreement over safety labels
April 1, 2010
Kathleen McLaughlinBill Simpson's Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company
to continue selling race car safety gear made this year and last.
MoreBox maker halting production, putting 97 out of work
March 30, 2010
Austin, Texas-based Temple-Inland Inc. has notified state officials that will stop producing boxes at its Evansville facility
on May 28.
MoreLocal security division of Stanley keys growth for company
March 27, 2010
Kathleen McLaughlinStanley Black & Decker, based in New Britain, Conn., reported 2009 profit of $224 million. Its Indianapolis-based security
division, one of three segments, accounted for more than half those earnings.
MoreTokusen USA planning 135 jobs at new Scottsburg plant
March 24, 2010
IBJ StaffArkansas wire-maker Tokusen USA Inc. plans to establish a manufacturing plant in Scottsburg, state economic development officials
said Wednesday, touting the nearly 135 jobs expected over the next two years.
MoreBMW, Carbon Motors ink $1.35B supply contract
March 22, 2010
IBJ Staff and Bloomberg NewsBMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police
cars.
MoreVisteon judge won't halt benefits termination
March 17, 2010
Associated PressAn attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many
are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
MoreCummins expects profit to grow 10 percent a year
March 16, 2010
Bloomberg NewsColumbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.