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.
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EnerDel parent lands $65M investment

June 1, 2010
 IBJ Staff
The parent company of lithium-ion battery maker EnerDel has landed a $65 million investment from its largest shareholder.
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Toyota to move Highlander production to Indiana

June 1, 2010
 IBJ Staff and Bloomberg News
Toyota 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.
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EnerDel forms joint venture with Chinese autoparts maker

May 27, 2010
Kathleen McLaughlin
Battery 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.
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Northstar Aerospace closing Anderson plant

May 25, 2010
 IBJ Staff
The Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
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Mitsubishi planning Franklin expansion

May 20, 2010
 IBJ Staff
A Franklin manufacturing facility is planning a $9.4 million expansion project that would more than double employment over the next two years.
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Tipton 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.
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Knauf Insulation sues NatCity over $8M investment lossRestricted Content

May 8, 2010
Kathleen McLaughlin
One 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.
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Sale of GM plant could come as soon as June

April 29, 2010
Scott Olson
UAW official says General Motors and prospective buyer are working on a "real aggressive" schedule to have the acquisition completed by the end of June.
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Navistar finalizes foundry closing

April 28, 2010
 IBJ Staff
Navistar 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.
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Cummins profit jumps on demand from emerging markets

April 27, 2010
Scott Olson
The Columbus-based engine maker sees sales increase in developing countries such as China, India and Brazil.
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Calumet 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.
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California brewer to open Franklin plant, hire up to 150

April 15, 2010
 IBJ Staff
TailGate 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.
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Shelbyville 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.
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Rolls-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.
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Packaging 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.
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Hundreds show interest in jobs at police car maker

April 6, 2010
 IBJ Staff and Associated Press
Company 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.
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Raytheon lands key Navy contract

April 2, 2010
Kathleen McLaughlin
Raytheon 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.
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Impact Racing reaches agreement over safety labels

April 1, 2010
Kathleen McLaughlin
Bill 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.
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Box 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.
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Local security division of Stanley keys growth for companyRestricted Content

March 27, 2010
Kathleen McLaughlin
Stanley 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.
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Tokusen USA planning 135 jobs at new Scottsburg plant

March 24, 2010
 IBJ Staff
Arkansas 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.
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BMW, Carbon Motors ink $1.35B supply contract

March 22, 2010
 IBJ Staff and Bloomberg News
BMW has won a contract from Indiana-based Carbon Motors Corp. worth more than $1.35 billion to supply engines for U.S. police cars.
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Visteon judge won't halt benefits termination

March 17, 2010
Associated Press
An 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.
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Cummins expects profit to grow 10 percent a year

March 16, 2010
Bloomberg News
Columbus-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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