Manufacturers

Cummins' stock sinks after worse-than-expected quarter

October 29, 2013
 IBJ Staff and Associated Press
Shares in Cummins Inc. slid more than 9 percent Tuesday morning after the Columbus-based engine manufacturer reported weaker-than-expected sales and profit in the third quarter, and lowered its outlook for the rest of the year.
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Allison falls short of earnings, revenue expectations

October 28, 2013
 IBJ Staff
Allison Transmission Holdings Inc. on Monday reported a jump in profit in the third quarter despite sliding revenue.
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UPDATE: Report finds optimism among state manufacturers

October 25, 2013
Associated Press
The survey by IU's Kelley School of Business found that four out of five Indiana manufacturing companies consider their businesses healthy or stable.
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Countertop maker plans to add 32 jobs in Zionsville

October 21, 2013
 IBJ Staff
Cincinnati-based Sims-Lohman Inc. said it will invest $2 million to buy and equip a 57,000-square-foot facility in Zionsville. The firm already employs 22 full-time workers in the Boone County community.
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Lilly scientists stole $55 million in trade secrets, indictment alleges

October 8, 2013
J.K. Wall
Three former employees of Eli Lilly and Co. allegedly transferred trade secrets that Lilly values at more than $55 million to a competing Chinese drug company, according to an indictment unsealed Tuesday in federal court.
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Two manufacturers target Indiana city for expansion

October 8, 2013
 IBJ Staff
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
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Cummins keeping HQ in Columbus, but considering Indy project

September 26, 2013
Associated Press
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
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Local manufacturer with 100 workers set to close

September 25, 2013
 IBJ Staff
CMW International LLC, which has roots in Indianapolis dating to 1924, said all 100 of its employees would lose their jobs if a buyer wasn’t found before Nov. 23.
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Auto parts supplier hiring 100 for Indiana plant

September 25, 2013
Associated Press
Tenneco Inc. officials say the factory in the Noble County city of Ligonier is increasing production to make parts on a new line for Chrysler.
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Dallara sees Indy operations as springboard for U.S. expansionRestricted Content

September 21, 2013
Anthony Schoettle
Dallara is preparing to install a $5 million automobile simulator in its Speedway plant—a move that could fuel the company’s plan to dramatically grow its local operation.
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State loses jobs; unemployment rate declines to 8.1 percent

September 20, 2013
 IBJ Staff
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
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Central Indiana mayor traveling to Italy to lure business

September 20, 2013
Associated Press
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.
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Recycled paper mill plans 137 jobs in Indiana

September 17, 2013
Associated Press
The Indiana Economic Development Corp. said Tuesday that Pratt Industries will invest $260 million to build the recycling plant next to its existing box-making plant in Valparaiso.
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Hurco profit plummets on lower revenue

September 6, 2013
 IBJ Staff
Sales for the Indianapolis-based manufacturer decreased across all regions during the quarter, including in its biggest market, Europe, where they fell 11 percent.
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Asian automakers dominate in good month for car sales

September 5, 2013
Bloomberg News, Associated Press
Honda and Subaru led U.S. sales gains in August as auto demand beat projections and Asia-based carmakers, buoyed by Toyota Motor Corp., combined for their best month ever.
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Local manufacturer to be acquired for $41 million

August 29, 2013
 IBJ Staff
United Kingdom-based Meggitt PLC plans to acquire Piezotech LLC, a manufacturer founded in Indianapolis in 1967, for $41.2 million, the companies announced Wednesday.
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'Prototyper' sees business gain fizzRestricted Content

August 24, 2013
Dan Human
TWeatherford Inc. was launched in 2006 as a reseller for additive manufacturing equipment, often called 3D printers or rapid prototypers. It has done well with the machinery sales and rentals, but has begun providing actual manufacturing services on a larger scale.
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Cummins plans to add 500 jobs for Nissan engine

August 20, 2013
 IBJ Staff, Bloomberg News
Cummins said the 5-liter, V-8 turbo diesel will be built in Indiana at the company's historic plant in downtown Columbus, creating up to 500 jobs over the next several years. About 300 people currently work on the V-8 program.
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Cummins to announce engine contract, more jobs

August 20, 2013
 IBJ Staff
Columbus-based Cummins Inc. plans to announce Tuesday afternoon an agreement with Nissan Motor Co. to supply diesel engines for Titan pickup trucks.
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Spurned Indy continues to court manufacturing

August 17, 2013
Anthony Schoettle
Indianapolis is losing manufacturing jobs at a steady, some would say alarming, rate. And the Circle City is not alone, as many metro areas face serious challenges in retaining and attracting manufacturers.
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Chemical cleanup planned at old factory site

August 16, 2013
Associated Press
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
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Indiana exports hit record, but growth slows

August 15, 2013
 IBJ Staff
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
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Remy International stock hits 52-week high

August 6, 2013
 IBJ Staff
Shares of Pendleton-based Remy International Inc. closed at a 52-week high Tuesday, a day after the manufacturer announced declining sales and earnings in the second quarter.
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Allison stock slips after owners reveal plan to sell shares

August 6, 2013
 IBJ Staff
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
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Massive job cuts in Indiana help Swiss firm turn profit

August 6, 2013
Bloomberg News
OC Oerlikon Corp. interim CEO Juerg Fedier said margins are improving in the Fairfield Drive Systems division in Lafayette after the Swiss manufacturer cut nearly 500 jobs in the second quarter.
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