Manufacturing & Technology

Company aims to open $350M plant next year

December 30, 2013
Associated Press
Magnetation Inc. already has started construction on several large buildings in the town of Reynolds, and intends to start producing iron ore pellets by the second half of 2014.
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Young CEO has big plans for employee-training software firm

December 28, 2013
Dan Human
Upstart Lesson.ly, an Indy-based developer of training software, is run by a 25-year-old and is trying to cut into a $42 billion market dominated by titans such as IBM and Oracle.
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Target says customers' encrypted PINs were stolen

December 27, 2013
Associated Press
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
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Flexsteel settles Elkhart contamination suit for $6.25M

December 27, 2013
Associated Press
The Iowa-based furniture maker was accused of polluting the water wells of nine homes in the northern Indiana community.
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Websites try to nix nasty comments

December 26, 2013
Associated Press
After years of encouraging anything-goes online discussion, a growing number of websites are trying to rein in the mean-spirited outliers.
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Cummins sues T-shirt sellers for logo infringement

December 20, 2013
Bloomberg News
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.
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T-shirt printer plans 105 jobs in Lawrence

December 19, 2013
 IBJ Staff
ooShirts said it will invest $1.2 million to equip a 26,000-square-foot building that will house more than 25 automatic and manual presses.
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GM to invest $1.3 billion in five factories

December 16, 2013
Associated Press
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
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Logistics call center plans to hire 40 veterans

December 16, 2013
Dan Human
Flagship Logistics Group has begun hiring for a customer support center it opened downtown this month, in a historic building at 429 N. Pennsylvania St.
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Pence: State vying for Boeing airplane facility

December 15, 2013
Associated Press
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.
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Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm

December 14, 2013
Chris O'Malley
Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.
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Interactive Intelligence’s early bet on cloud paying off

December 14, 2013
Greg Andrews
The maker of call center software has seen its stock price rocket from about $20 to $62 over the last 25 months. The runup has swelled the company’s market value from $400 million to $1.3 billion.
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Carmel-born Yowza!! app acquired by Arizona companyRestricted Content

December 14, 2013
 IBJ Staff
Yowza!!, a coupon phone app co-founded by a Carmel software developer, will be acquired by Arizona mobile commerce company Spindle Inc.
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Cummins plans wellness center for employees

December 13, 2013
Associated Press
The facility in Columbus would be the first of its kind for the company. Should the concept prove successful, Cummins will consider similar arrangements in other areas with Cummins plants, said Dr. Dexter Shurney, chief medical officer for Cummins.
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Car parts maker to expand operations, hire 120

December 12, 2013
 IBJ Staff
Mayco International LLC will invest $2.9 million and significantly boost employment at its Hartford City plant, due to new client orders for interior sunshades.
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Shoe maker targets Indiana for 184 customer-service jobs

December 12, 2013
 IBJ Staff
The maker of Stride Rite, Sperry Top-Sider, Hush Puppies and Keds footwear plans to expand operations in Richmond, creating 184 jobs by 2017 and retaining 130 workers in the city about 65 miles east of Indianapolis.
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Calumet acquires New Jersey lubricant maker

December 11, 2013
Dan Human
Bel-Ray Co. deal brings East Coast ports to Indianapolis-based Calumet.
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Security firm's job-creation plans draw state incentives

December 11, 2013
 IBJ Staff
Allegion PLC's plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
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GM taps female CEO; ex-Cummins chief named chairman

December 10, 2013
Bloomberg News
General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Former Cummins Inc. CEO and chairman Tim Solso was named GM's chairman.
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Government sells remaining stake in General Motors

December 10, 2013
Associated Press
The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.
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Toyota begins production of 2014 SUV in Indiana

December 5, 2013
Associated Press
Toyota Motor Manufacturing Indiana Inc. says because of the Highlander it has invested another $430 million into the automotive plant in Princeto. Toyota also plans to add 600 more jobs at the factory by the end of 2014.
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Cyber Monday still growing despite earlier online sales

December 4, 2013
Associated Press
Shoppers bought online at the heaviest rate ever Monday, according to research firm comScore Inc. The strong performance was in contrast to Black Friday weekend spending, which fell an estimated 2.9 percent.
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Software startup lands state incentives, plans growth

December 3, 2013
Dan Human
AppealTrack, which makes software that manages property tax appeals, expects to double its staff to 14 by 2016.
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Spinoff firm with Carmel HQ plans to hire 150

December 2, 2013
 IBJ Staff
Allegion PLC, an international firm that made its debut as a public company on Monday, plans to hire another 150 people within six months between its Carmel corporate hub and Indianapolis manufacturing facility.
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Peyton Manning wears ankle brace designed by local entrepreneur

November 30, 2013
Anthony Schoettle
Rick Peters, founder of Carmel-based Ultra Athlete LLC—a small manufacturing firm with a reputation for state-of-the-art ankle braces—sent his latest brace to the Denver Broncos head trainer on a whim, and saw Manning wearing it three days later.
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