Manufacturers

New owner to spend $51M firing up Noblesville foundry site

February 25, 2014
Andrea Muirragui Davis
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.
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Calumet shares skid on big fourth-quarter loss

February 19, 2014
 IBJ Staff
The Indianapolis-based processor of crude oil blamed its loss on tighter profit margins and higher operating costs. It has been on an acquisition spree since 2011.
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New owner plans to reopen RV factory

February 19, 2014
Associated Press
The factory's Florida-based parent company closed the plant without notice on Feb. 10, ending the jobs of about 85 workers and turning away those who arrived for work in the morning.
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Allison Transmission finishes lackluster year with bang

February 14, 2014
 IBJ Staff
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
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Rolls-Royce wins $1B contract from Lockheed Martin

February 12, 2014
Scott Olson
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
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Cummins posts strong 4Q results to boost slower year

February 6, 2014
 IBJ Staff
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
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GE plans shutdown of last Fort Wayne facilities

January 28, 2014
Associated Press
GE says it plans to shut down the last of its Fort Wayne facilities after more than a century in the city. The company once had almost 10,000 workers at the 13-building campus.
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Toyota, Honda set North American production records

January 22, 2014
Bloomberg News
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.
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Local paperboard plant with 161 workers to close in March

January 16, 2014
 IBJ Staff
The plant, located at 620 S. Belmont Ave., southwest of downtown, has been making paperboard packaging since the early 1970s.
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Berry Plastics to spend $31M on expansion, hire 336 workers

January 10, 2014
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
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Hurco sees drop in sales, profit in latest quarter

January 10, 2014
 IBJ Staff
Sales dropped 4 percent in Europe, the company’s biggest market, to $32.3 million. North America sales fell 6 percent, to $16.7 million.
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Cummins sues T-shirt sellers for logo infringement

December 20, 2013
Bloomberg News
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.
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GM to invest $1.3 billion in five factories

December 16, 2013
Associated Press
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
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Pence: State vying for Boeing airplane facility

December 15, 2013
Associated Press
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.
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Cummins plans wellness center for employees

December 13, 2013
Associated Press
The facility in Columbus would be the first of its kind for the company. Should the concept prove successful, Cummins will consider similar arrangements in other areas with Cummins plants, said Dr. Dexter Shurney, chief medical officer for Cummins.
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Shoe maker targets Indiana for 184 customer-service jobs

December 12, 2013
 IBJ Staff
The maker of Stride Rite, Sperry Top-Sider, Hush Puppies and Keds footwear plans to expand operations in Richmond, creating 184 jobs by 2017 and retaining 130 workers in the city about 65 miles east of Indianapolis.
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Calumet acquires New Jersey lubricant maker

December 11, 2013
Dan Human
Bel-Ray Co. deal brings East Coast ports to Indianapolis-based Calumet.
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Spinoff of Allegion nets Carmel a publicly traded giant

November 30, 2013
Dan Human
Carmel has gained a publicly traded company large enough to knock retail legend J.C. Penney off the Standard & Poor’s 500 Index.
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Book captures Madison County's automotive history

November 22, 2013
Associated Press
When America was making the transition from horse and buggies to the horseless carriage at the start of the 20th century, the city of Anderson was a part of the innovation that changed how the nation would travel forever.
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Food company delays plans for $28M Indiana plant

November 21, 2013
 IBJ Staff and Associated Press
Sugar Creek Packing Co. officials say the delay is needed because of changes in construction plans for a sewage-treatment plant at the former Really Cool Foods plant near Cambridge City.
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Loss of Camry production in state not certain, exec says

November 20, 2013
Bloomberg News
Toyota Motor Corp.’s top North American executive said the carmaker hasn’t decided to end a production deal that supplies it with 100,000 Camry sedans annually from Fuji Heavy Industries Ltd.’s U.S. Subaru plant in Lafayette.
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U.S. factory production rises for 3rd straight month

November 15, 2013
Associated Press
Manufacturing output rose 0.3 percent last month, up from 0.1 percent in September, the Federal Reserve reported Friday. Overall industrial production, however, fell 0.1 percent.
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Apparel maker plans to boost operations, hire 28

November 12, 2013
Mason King
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
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Denver company completes Chromcraft acquisition

November 11, 2013
Associated Press
Apparel maker Sport-Haley Holdings Inc. has closed its $3.45 million purchase of Indiana-based furniture maker Chromcraft Revington.
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Manufacturer to close Indiana plant with 110 workers

November 7, 2013
 IBJ Staff
PolyOne’s Designed Structures and Solutions division in Warsaw will begin terminating employees Jan. 6, the company said in a filing received Thursday by the Indiana Department of Workforce Development.
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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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