Manufacturers

Cummins gets upgrade from Moody's

July 17, 2010
 IBJ Staff
The company's rating rose one notch because it has taken steps to insulate itself from economic downturns.
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Cummins moving 100 jobs from Memphis to Mexico

July 14, 2010
Associated Press
The moves will leave about 1,400 employees of Cummins and its contract workers in the Memphis area.
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Federal agents raid University Loft headquarters

July 13, 2010
 IBJ Staff
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
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Calumet Specialty plans to sell $450 million of debt

July 12, 2010
 IBJ Staff and Bloomberg News
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will be used to repay bank debt.
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Herff Jones closing plant in eastern Pennsylvania

July 10, 2010
Associated Press
Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107 workers.
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Cummins to expand Seymour plant, add 200 jobs

July 9, 2010
Kathleen McLaughlin
Cummins said it will invest $100 million in the Seymour plant as it rolls out a new, larger-displacement engine.
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Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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Delta Faucet adaps to new normal in homebuildingRestricted Content

July 3, 2010
Kathleen McLaughlin
The company's total employment is 1,345, down 43 percent from 2007.
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Vera Bradley files for $175M IPO

July 1, 2010
 IBJ Staff
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
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Local union boss on GM talks: 'They're forcing this upon us'

July 1, 2010
J.K. Wall
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over public protest of 650 local union workers.
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UPDATE: Stamping plant suitor gets time to negotiate

June 30, 2010
J.K. Wall
There’s more time for Illinois-based JD Norman Industries to hammer out a deal to buy a General Motors stamping plant in Indianapolis, potentially saving hundreds of local jobs.
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Union leaders meeting with GM plant bidder

June 30, 2010
J.K. Wall
United Auto Workers official Maurice "Mo" Davison is making one last attempt to put a deal together for a Chicago-area firm to buy the General Motors stamping plant southwest of downtown Indianapolis, which is slated to close in 2011.
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Raytheon lands $250 million Navy electronics contract

June 29, 2010
J.K. Wall
Workers at Raytheon Technical Services' Indianapolis facility will spend four more years working on software to control electronics on the Navy's V-22 Osprey aircraft.
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Allison dedicates $130 million hybrid plant

June 28, 2010
Kathleen McLaughlin
Allison Transmission Inc. said Monday that it has begun renovating a vacant manufacturing space to work on hybrid systems for commercial vehicles.
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Cummins looks to boost India sales by 40 percent

June 28, 2010
Bloomberg News
Cummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent this year as economic growth spurs road traffic and demand for electricity.
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Ohio plant eyes Indiana to avoid environmental rule

June 23, 2010
Associated Press
Ohio's governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant that is considering a move to Indiana.
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Toyota adding 100 workers at Indiana factory

June 22, 2010
Associated Press
The hiring follows Toyota's announcement this month that it would move some of its Highlander SUV production from Japan to the Princeton plant.
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Batesville Tool & Die expansion should create 40 jobs

June 17, 2010
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of next year.
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Independent optic lab fights giants with technologyRestricted Content

June 12, 2010
Kathleen McLaughlin
Bill Harding and his two partners in LensTech Optical, Greg Kyle and Greg Dallas, are striving to keep up with as many of the changes in the eyeglass manufacturing business as possible. It's a tall order for a lab with fewer than 30 employees.
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Rolls-Royce opens plant making part for Joint Strike Fighter

June 11, 2010
Kathleen McLaughlin
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows one version of the aircraft to make helicopter-like landings.
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Hillenbrand unit seeks to block imports of knockoff coffins

June 11, 2010
Bloomberg News
Hillenbrand Inc.'s Batesville unit, the largest U.S. maker of coffins,wants the trade commission to prevent Ataudes Aguilares from selling its products in the United States and Puerto Rico.
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State manufacturing, logistics industries get high marks

June 10, 2010
Scott Olson

Third annual report from Ball State University highlights concerns over whether Indiana has enough qualified workers to meet demands of the increasingly technical sectors.

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Rolls-Royce snags $7.5 million military contract

June 8, 2010
 IBJ Staff
Engineers at Rolls-Royce Corp.’s Indianapolis manufacturing facility will work for the next year to design, develop and test an upgrade for a digital engine control the company is making for the U.S. Army’s OH-58 Kiowa Warrior helicopter.
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Trailer maker Pace American could close Middlebury plant

June 7, 2010
 IBJ Staff
A cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.
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EnerDel's potential luring backers despite steep lossesRestricted Content

June 5, 2010
Peter Schnitzler
The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing to fund a business plan that could bring revenue to nearly $1 billion within five years.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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