Manufacturing & Technology

New microbrewer embraces history of near-east-side headquarters

February 23, 2013
Cory Schouten
A bottling house, which is all that's left of a brewing campus closed by Prohibition, will be home to two partners' startup this spring.
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Cummins lowers previously reported earnings

February 20, 2013
Dan Human
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.
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Allison Transmission cuts 2013 sales outlook

February 19, 2013
Dan Human
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
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Remy International reports $138M annual profit

February 19, 2013
Dan Human
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
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Allos Ventures raises $40 million for early-stage tech firmsRestricted Content

February 16, 2013
Chris O'Malley
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
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Does hybrid-tech startup have investors too revved up?Restricted Content

February 16, 2013
Greg Andrews
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
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Even salvage auto buyers now have an app to make purchases easierRestricted Content

February 16, 2013
Bids have been taken via smart-phone applications for more than a year. Now a unit of Carmel-based KAR Auction Services has introduced an app to make paying easier.
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Lilly to expand partnership with diagnostic firm

February 14, 2013
 IBJ Staff and Associated Press
Diagnostic products maker Qiagen NV said Wednesday that it will work with Eli Lilly and Co. to develop new tests that could identify patients who could be helped by Lilly's drugs.
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UPDATE: Sensient to cut 125 jobs due to Chicago move

February 14, 2013
Sensient Technologies Corp. has alerted state officials that it will lay off 125 workers from its Indianapolis operations. That follows the company's announcement that it plans to move its local Flavors & Fragrances Group headquarters to suburban Chicago.
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Angie's List turns corner on profitability

February 13, 2013
Chris O'Malley
Indianapolis-based Angie's List on Wednesday reported fourth-quarter profit of $2.4 million—the consumer-ratings service's first profitable period since its 1995 founding.
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Calumet's 2012 profit rockets to $205.7 million

February 13, 2013
Dan Human
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
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Greensburg auto-parts plant plans expansion, 200-plus hires

February 12, 2013
 IBJ Staff
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
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Firm's Klipsch purchase hasn't rocked Wall StreetRestricted Content

February 9, 2013
Dan Human
Voxx International Corp.’s $166 million buyout of Indianapolis-based speaker maker Klipsch Group two years ago so far hasn’t generated the excitement on Wall Street that Voxx wants.
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Sensient plans to move Indy headquarters to Chicago

February 8, 2013
 IBJ Staff
Milwaukee-based Sensient Technologies Corp. said Friday it plans to move its Indianapolis-based Flavors & Fragrances Group corporate headquarters to Chicago before mid-2014.
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Calumet jumps into $300 million refinery joint venture

February 7, 2013
Dan Human
Calumet Specialty Products Partners LP plans to build a $300 million diesel refinery in North Dakota as part of a joint venture with energy company MDU Resources Group Inc., the firms announced after markets closed Thursday.
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Cummins' earnings, revenue fall on weaker demand

February 6, 2013
 IBJ Staff
Engine maker Cummins Inc. saw profit sink 30 percent in the fourth quarter as demand for its products fell in both domestic and international markets. Full-year profit and revenue also fell.
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Purdue lands $14.5M to expand nanotechnology portal

February 5, 2013
J.K. Wall
Purdue University announced Tuesday that some of its researchers won a five-year, $14.5 million grant from the National Science Foundation to expand the school’s online gateway for instruction, research and simulations in nanotechnology.
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Local tool supplier plans to expand, add 20 jobs

February 5, 2013
Indianapolis-based Hahn Systems LLC said it will add 20 jobs by 2016 as part of a $900,000 expansion that includes purchasing and equipping a 27,000-square-foot facility.
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Health care startups hungry for fundsRestricted Content

February 2, 2013
J.K. Wall
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
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Emmis executive a technology pioneerRestricted Content

February 2, 2013
Anthony Schoettle
Paul Brenner, chief technology officer for Emmis Communications Corp., is largely credited with pioneering two recent technological breakthroughs that could pump badly needed revenue into the radio industry.
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Remy International CEO Weber stepping down

February 1, 2013
Dan Human
Remy International Inc. President and CEO John Weber will resign at the end of February after leading the company for seven years, the Pendleton-based automotive supplier announced Friday.
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GM moving 80 jobs from Castleton to Michigan

January 30, 2013
Associated Press
General Motors on Wednesday said it plans to move 80 jobs from Indianapolis to Pontiac, Mich., as part of a plan to expand its engine and transmission development headquarters.
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Division of Carmel firm plans 300 jobs in Fort Wayne

January 29, 2013
Associated Press
Accelerated Tanks and Trailers, a division of a Carmel-based company, plans to open a Fort Wayne manufacturing plant that could bring about 300 new jobs to northeast Indiana by 2016.
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Sale of family-owned business leads to lawsuit

January 28, 2013
Scott Olson
Deborah Ecksten, a former shareholder of Indianapolis-based Createc Corp., is suing her brother and mother, claiming they earned multimillion-dollar profits at her expense by selling the company without her knowledge.
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ChaCha secures $14M investment to expand services

January 28, 2013
Scott Olson
The latest round of funding will enable ChaCha to make "significant" investments in new products to expand both mobile and online services, CEO Scott Jones said. Internally, the project is dubbed "Go Big."
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