Manufacturing & Technology

Food company delays plans for $28M Indiana plant

November 21, 2013
 IBJ Staff and Associated Press
Sugar Creek Packing Co. officials say the delay is needed because of changes in construction plans for a sewage-treatment plant at the former Really Cool Foods plant near Cambridge City.
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Loss of Camry production in state not certain, exec says

November 20, 2013
Bloomberg News
Toyota Motor Corp.’s top North American executive said the carmaker hasn’t decided to end a production deal that supplies it with 100,000 Camry sedans annually from Fuji Heavy Industries Ltd.’s U.S. Subaru plant in Lafayette.
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Health care cloud firm expanding, adding 62 jobs

November 15, 2013
 IBJ Staff
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
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U.S. factory production rises for 3rd straight month

November 15, 2013
Associated Press
Manufacturing output rose 0.3 percent last month, up from 0.1 percent in September, the Federal Reserve reported Friday. Overall industrial production, however, fell 0.1 percent.
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Tipton County won't stop work at Chrysler plant over permits

November 15, 2013
Associated Press
Three residents have appealed the Tipton County planning director's decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
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Biometrics researchers see world without passwords

November 12, 2013
Associated Press
Some Purdue University researchers are working on technology that could see all those passwords that computer users must punch in replaced with steps such as iris and fingerprint scans.
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Apparel maker plans to boost operations, hire 28

November 12, 2013
Mason King
Founded in 1987, Indy-based Motionwear LLC currently employs more than 180 full-time workers and already has begun hiring new manufacturing, administrative, sales and warehouse employees.
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Denver company completes Chromcraft acquisition

November 11, 2013
Associated Press
Apparel maker Sport-Haley Holdings Inc. has closed its $3.45 million purchase of Indiana-based furniture maker Chromcraft Revington.
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Klipsch bolsters marketing with rollout of Gig mini-speaker

November 9, 2013
Anthony Schoettle
The homegrown speaker and headphone maker Klipsch Group in recent weeks released a bevy of new products and launched a marketing campaign headlined by high-profile athletes and a rock band.
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Ex-Omnicity CEO blames bank for bankruptcy filing

November 8, 2013
Chris O'Malley
In his complaint, Greg Jarman alleges an improper account freeze created a liquidity crisis and scuttled plans by a major investor to make a cash injection into the company.
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Purdue boosting enrollment in computer science

November 8, 2013
Associated Press
Purdue University plans to expand undergraduate and graduate enrollment in computer science by more than a quarter to meet growing demand among employers.
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Manufacturer to close Indiana plant with 110 workers

November 7, 2013
 IBJ Staff
PolyOne’s Designed Structures and Solutions division in Warsaw will begin terminating employees Jan. 6, the company said in a filing received Thursday by the Indiana Department of Workforce Development.
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Twitter soars as shares debut on stock market

November 7, 2013
Associated Press
The stock opened at $45.10 a share on Thursday, 73 percent above its initial offering price. Tempering expectations was a big theme leading up to the IPO, but that flew out the window with the stock's opening surge.
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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T2 Systems loses tax break over technicality

November 7, 2013
Dan Human
The software developer moved across town to a new address in 2012, which nullified its agreement with the city—although it's still on track to meet its goals for new investment and hiring.
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Startup bakery seeking tax breaks on $78M project

November 4, 2013
 IBJ Staff
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
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Rolls-Royce opens $42M production facility

November 4, 2013
 IBJ Staff
The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
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Printing facility to close, terminate 150 employees

November 4, 2013
 IBJ Staff
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.'s printing plant in Terre Haute.
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Rolls-Royce contractor grows on southwest sideRestricted Content

November 2, 2013
Belcan Corp. has hired about 20 people this year and expects to keep adding to its local work force over the next several years as it continues to provide engineering services to Rolls-Royce, its largest local customer.
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GE, union talks save jobs at Bloomington plant

October 31, 2013
Associated Press
About 130 workers at the GE Appliances factory will no longer have jobs effective Friday, although that number is down from about 160 jobs the company announced in early September.
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Remy sees lower profit, revenue in third quarter

October 29, 2013
 IBJ Staff
Remy International Inc. experienced a big drop in profit in the third quarter on a 5-percent decline in revenue, the Pendleton-based manufacturer reported Tuesday.
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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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Five tech firms with varied niches are on promising trajectoriesRestricted Content

October 26, 2013
Dan Human
Reaching the publicly traded level might not happen for anyone in the next year or two, but Indianapolis has several companies (including Jeff Ready's Scale Computing) that have hoisted themselves out of the often-shaky startup phases and are ready to take off.
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Carmel firm's bird feeders perched in 2,700 Walmarts

October 26, 2013
Andrea Muirragui Davis
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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