Manufacturing & Technology

Manufacturers see better times for economy, jobs

April 25, 2014
Associated Press
Economists don't expect explosive global or corporate growth this year, but the improving big economies of the U.S. and Europe will likely inspire companies to further increase spending on high-priced equipment.
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Battery maker EnerDel loses CEO, names interim

April 24, 2014
 IBJ Staff
EnerDel Inc. CEO David Roberts has resigned and chief operating officer Michael Canada will replace him on an interim basis, the Indianapolis lithium-ion battery manufacturer announced Thursday afternoon.
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Toolmaker's warehouse to close, laying off 80

April 23, 2014
Mason King
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
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Software firm Salesvue secures $3M in venture capital

April 22, 2014
Dan Human
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
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Indiana plant closing could cost 120 jobs

April 22, 2014
Associated Press
Citing poor economic conditions, ATI Casting Services plans to shut down its metal-casting factory by the end of June.
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Pork packer planning to produce 98 positions at Indiana plant

April 21, 2014
 IBJ Staff
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
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Calumet may cut debt ratio without lower borrowings, CFO says

April 21, 2014
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP plans to lower its leverage by increasing earnings rather than cutting debt that is rising by 35.6 percent this month.
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Chatham Tap crew buying ex-church for brewery, restaurant

April 19, 2014
Scott Olson
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
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Beck’s Hybrids prospers against far bigger firms

April 19, 2014
Andrea Muirragui Davis
When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
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Subaru awaiting Toyota's decision about output in Indiana

April 17, 2014
Bloomberg News
Subaru, which added more U.S. market share than any international carmaker last year, is pushing ahead with U.S. expansion plans as it awaits a Toyota's decision on whether it will keep building Camrys at Subaru's Indiana plant.
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Another printing plant to close, laying off 59

April 17, 2014
Associated Press
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
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Driver shortage causes backlog of RV deliveries

April 16, 2014
Associated Press
The Recreation Vehicle Industry Association estimates 25,000 to 30,000 RVs are awaiting delivery because about 2,000 drivers are needed.
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Local businesses struggle to make sense of Heartbleed flaw

April 16, 2014
Dan Human
Companies around Indianapolis—especially small ones without their own IT teams—are still trying to determine how or even if they were affected by the confounding Internet security gap.
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Chrysler set to celebrate Indiana factory's opening

April 16, 2014
Associated Press
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year's end.
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TinderBox woos executive away from Groupon

April 16, 2014
Dan Human
It’s a return to the city for David Kerr, who in the early 2000s ran Indianapolis software firm NoInk Communications alongside TinderBox cofounder and CEO Dustin Sapp.
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Florida rival scoops up another ex-BrightPoint executive

April 15, 2014
 IBJ Staff
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
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Option grant lifts compensation for Angie's List's Oesterle

April 14, 2014
Chris O'Malley
Stock options accounted for the biggest chunk of the CEO's compensation. Their value will depend on the company's future stock performance.
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IU research-to-market center plans move to Wishard

April 14, 2014
 Associated Press and IBJ Staff
The Indiana University Research and Technology Corp. wants to sell its existing Innovation Center building in downtown Indianapolis and move into the former Wishard Memorial Hospital on the edge of the IUPUI campus.
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Sweetener-maker Heartland to add up to 160 jobs

April 14, 2014
The Carmel-based company said it will invest $21.2 million to renovate and equip its 130,000-square-foot manufacturing facility on Indianapolis' north side.
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San Francisco route off to flying startRestricted Content

April 12, 2014
Kathleen McLaughlin
Indianapolis business travelers pay a premium to shave a few hours and a lot of hassle off their trips to Silicon Valley, and they appear eager to do so. A new nonstop route between Indianapolis International Airport and San Francisco was about three-quarters sold in January and February, the two slowest months for air travel.
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Bloomington brewer taps Indy ad firm, French designer to recast beer labels

April 12, 2014
Chris O'Malley
Upland recently hired Indianapolis ad agency Young & Laramore to help streamline and unify its varied packaging themes.
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Electronics manufacturing short circuited in IndianaRestricted Content

April 12, 2014
Anthony Schoettle
The sector is migrating to states that beckon with better prospects.
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Indiana universities, manufacturers helping launch Digital LabRestricted Content

April 12, 2014
Sam Stall
Indiana manufacturers, universities and various state groups are abuzz about their involvement with the freshly minted, Chicago-based Digital Lab for Manufacturing—even if they’re not yet sure what their exact role will be.
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Cabinet maker plans to hire 262 workers

April 11, 2014
 IBJ Staff
Jasper-based MasterBrand Cabinets Inc. expects to boost the work force and capacity at its Ferdinand operations, which already employ 1,500.
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Toyota, GM recalls push U.S. to near-record pace

April 10, 2014
Associated Press
So far this year, automakers have recalled about 9 million vehicles in the U.S. If that pace continues, the nation would break the record of 30.8 million recalled vehicles set in 2004.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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