Manufacturers

Hurco suffers quarterly loss as sales plummet

August 28, 2009
 IBJ Staff
Indianapolis-based Hurco Cos. this morning reported another quarterly loss after sales dropped a staggering 64 percent. Hurco lost $1.2 million, or 19 cents a share, in its fiscal third quarter ended July 31. The company had a profit of $5.8 million, or 90 cents a share, during the same quarter last year.
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Cummins moving some operations to Mexico

August 25, 2009
 IBJ Staff
A filtration division of Columbus-based Cummins Inc. will move a large portion of its North American assembly operations to a plant in Mexico to keep the business competitive, the company said today.
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Furniture maker trims losses in second quarter

August 19, 2009
 IBJ Staff
West Lafayette furniture maker Chromcraft Revington Inc. narrowed its losses in the second quarter by shedding unprofitable products, closing plants and reducing expenses, the company said yesterday.
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Aircraft engine maker closing local plant

August 12, 2009
 IBJ Staff
Aircraft engine maker Pratt & Whitney will close its plant on Kentucky Avenue within the next 18 months and gradually let go all 100 of its employees.
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UPDATE: Carbon Motors chooses Indiana

July 29, 2009
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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Carbon Motors has chosen Indiana, official says

July 29, 2009
Scott Olson
A rally this morning in Connersville originally intended to help persuade a police car manufacturer to locate a major factory there appears to be a celebration party.
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Candle company cooks up products with a 'green' twistRestricted Content

July 27, 2009
Kim Puckett
After working in retail management for four years, Rich and Jodi Scheve decided to take business into their own hands—and their own garage. Passing on business plans for Subway and South Bend Chocolate Co. franchises, the couple skirted heavy franchise fees and started Twisted Wick Candle Co.
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Anderson's abundant water supply makes city well-suited for Nestle, other food processorsRestricted Content

June 15, 2009
Kathleen McLaughlin
The city of Anderson soon will tap a new well to help accommodate demand from Nestle USA, which opened a Madison County plant in May 2008 producing bottled, flavored Nesquik and liquid Coffee-mate, a water-based creamer. The company already has launched an expansion slated for completion in 2011.
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Manufacturers to help pay for TV, computer recyclingRestricted Content

May 18, 2009
The Indiana Recycling Coalition scored big in the just-concluded session of the Indiana General Assembly with the passage of House Bill 1589, which requires that electronics manufacturers help pay for recycling of their old televisions and computer monitors.
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Audiovox sees gains in antenna salesRestricted Content

May 18, 2009
The electronics accessories unit of Audiovox Corp. in Carmel is gaining from the rise in antenna sales ahead of the June 12 switch to all-digital TV broadcasting.
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Analysts lower outlooks for Allison, say transmission maker vulnerable to defaultRestricted Content

March 30, 2009
Kathleen McLaughlin
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut expenses if it's going to weather the recession.
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Subaru plant ushered in new eraRestricted Content

March 16, 2009
Kathleen McLaughlin
Indiana's $86M incentive package to establish the Subaru plant in Lafayette was initially controversial.
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Manufacturers see income opportunities with Defense contractsRestricted Content

February 23, 2009
Facing anemic demand and slumping sales, manufacturers are increasingly attempting to tap the U.S. Department of Defense for contracting opportunities.
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Elkhart's industries could be transformed to focus on energy conservation and environmental improvementsRestricted Content

February 16, 2009
Morton Marcus
Elkhart's industries should shift to producing mass transit vehicles and manufactured housing for low-income, high-density neighborhoods.
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Union says Navistar foundry closing a surprise

January 28, 2009
Kathleen McLaughlin
United Auto Workers officials are hoping to find a way to keep open the foundry that has been associated with an east-side engine plant for 70 years, despite Navistar International Corp.'s plans to close both facilities by July 31.
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Sign Craft experiences record growthRestricted Content

December 8, 2008
Anthony Schoettle
While many central Indiana manufacturers are feeling the pinch of the downturned economy, locally based Sign Craft Industries Inc. is posting record growth this year and projecting another robust year in 2009.
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Proposals to loosen Indiana's wine distribution system failRestricted Content

March 17, 2008
Jonathan Hiskes
At IBJ press time, the General Assembly was set to close another session without significant change to the state's complex alcohol distribution system, ensuring another year of wrangling between wineries and wholesalers. A proposal to raise the direct shipping limit to 10,000 cases failed. So did a broader deregulation bill brought by a new Indiana wine drinker's group, VinSense.
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NY Times job helps ACS Sign gain attentionRestricted Content

January 14, 2008
Anthony Schoettle
ACS Sign System's unusual approach to sign-making--some are not strictly signs at all--has helped the company grow its revenue and expand its footprint beyond Indiana. In recent years, sales outside its home state have grown from 20 percent of total revenue to almost half.
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Century-old manufacturer cleans up on dirty waterRestricted Content

December 17, 2007
Anthony Schoettle
One hundred and one years ago, Cole Stickle convinced the Langsenkamp family to help him start a company based on a technology few understood--turning water into steam power. Five generations later, the 15-employee operation continues to thrive.
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Carrier carrying on in cool housing marketRestricted Content

November 19, 2007
Chris O'Malley
With steep declines in new-home construction and existing home sales, market conditions in the Indianapolis-based North American residential business of Carrier Corp. "are clearly challenging," according to George David, CEO of Carrier's parent, United Technologies.
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India deal boosts BastianRestricted Content

October 22, 2007
Anthony Schoettle
Little more than a decade ago, Bastian Material Handling had annual sales of less than $35 million. Since 2000, its revenue has doubled, to $80 million, and its business interests don't just cross the state, they circle the globe.
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Symons puts biz into Ch. 11, undercutting rival's court winRestricted Content

September 10, 2007
J.K. Wall
Alan G. Symons' company, Fast Tek Group LLC, lost a court fight with Fishers-based competitor Product Action International LLC in February. So Symons pushed Fast Tek into Chapter 11 bankruptcy protection in June--a move that clears the way for a suitor to buy the assets without being saddled with the liabilities.
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Ex-banker creates empire by buying, boosting sleepy businessesRestricted Content

September 3, 2007
Anthony Schoettle
Riverside Manufacturing was a sleepy New Castle firm with $5 million in sales when Fred Merritt bought it to try his hand at running a company. Five years later, Riverside's sales have grown a whopping 800 percent, it dominates its industry, and Merritt, 39, is ready to work his magic on an Indianapolis company.
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Local manufacturer tops in laundry coin machinesRestricted Content

May 14, 2007
Jennifer Whitson
Standard Change-Makers employs 118 people who make 3,500 change machines each year for self-service laundries, self-service car washes and arcades nationwide. Local workers design, build and service change machines.
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Changes flowing at Delta; is sale next?Restricted Content

March 26, 2007
Anthony Schoettle
Amid sagging profits, locally based Delta Faucet Co. has parted ways with two of its top executives. And some analysts think Delta's parent corporation--tiring of its sagging performance--is considering selling the faucet manufacturer.
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