Manufacturers

Chrysler set to celebrate Indiana factory's opening

April 16, 2014
Associated Press
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year's end.
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Cabinet maker plans to hire 262 workers

April 11, 2014
 IBJ Staff
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
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Toyota, GM recalls push U.S. to near-record pace

April 10, 2014
Associated Press
So far this year, automakers have recalled about 9 million vehicles in the U.S. If that pace continues, the nation would break the record of 30.8 million recalled vehicles set in 2004.
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State slams glass factory with record safety fine

April 9, 2014
Dan Human
The death of one worker and an injury to another prompted investigations at Pilkington North America's plant in Shelbyville.
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Abandoned Indiana factory site could lure Illinois company

April 2, 2014
Associated Press
Harvey, Ill.-based steel processor LB Steel is looking to move to the site and employ about 400 to 450 workers.
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Once-promising bioplastics maker fizzles out

April 1, 2014
 IBJ Staff and Bloomberg News
A company that once planned to make Indiana home to the largest bioplastics manufacturing facility in the world is going out of business.
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Acid spill at west-side Rolls-Royce plant under investigation

March 31, 2014
Associated Press
Nine workers at a Rolls-Royce aircraft-engine assembly plant near the Indianapolis International Airport were injured Friday when a tank of nitric acid exploded and filled the building with a cloud of corrosive vapor.
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GE engine plant's future riding on new technologyRestricted Content

March 29, 2014
Kathleen McLaughlin
Nothing less than the future profitability of commercial airlines rides on the jet engine that GE Aviation will assemble in Lafayette.
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'Architecturally significant' Cummins HQ likely won't scrape downtown skyline

March 26, 2014
Scott Olson
The engine maker's planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
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Calumet to acquire drilling-fluids maker for $235 million

March 26, 2014
Calumet Specialty Products said it plans to complete its acquisition of ADF Holdings by March 31. ADF is the parent of Tulsa-based Anchor Drilling Fluids USA Inc., a leading provider of drilling-fluid solutions to the oil and gas industry.
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GE Aviation plans $92M investment, 200 jobs in first Indiana plant

March 25, 2014
Kathleen McLaughlin
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
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U.S. steelmakers accuse South Korea of dumping

March 25, 2014
Bloomberg News
U.S. Steel and Steel Dynamics Inc., which have thousands of employees in Indiana, are among steel companies who say they have been unfairly harmed as imports of the products are sold more cheaply than domestic producers can make them.
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City considers whether to revoke 3M tax break

March 24, 2014
Kathleen McLaughlin
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
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Hurco beats expectations with higher sales, profit

March 7, 2014
 IBJ Staff
Hurco Cos. Inc. saw slightly higher profit in the first quarter on a 16-percent jump in sales and service fees, the Indianapolis-based industrial technology company reported Friday morning.
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Hurco's longtime CFO resigns abruptly

March 3, 2014
 IBJ Staff
John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.
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Cummins recalling 25,013 engines over possible fire risk

March 3, 2014
Associated Press
The engines can be found in a variety of commercial vehicles including school and transit buses as well as fire trucks.
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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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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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