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Manufacturing & Technology
Manufacturer to relocate to Muncie, add 288 jobs
June 19, 2013
Mason KingA maker of a new heavy-equipment vehicle that uses clean energy plans to invest $4.6 million in an engineering and assembly
facility and ramp up operations as orders come in.
MoreBuilding for game maker Fundex set for July auction
June 17, 2013
Scott OlsonOne of the last remnants of the bankrupt game maker and distributor is set to be sold at auction next month. The parent of
the company that makes the iconic Slinky bought Fundex in December.
MoreFile-sharing firm to invest $2.1M, add up to 30 jobs
June 17, 2013
IBJ StaffIndianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street
operational by September.
MoreMost of Indiana's largest public companies enjoyed strong 2012
June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
MoreJBS United among top hog feed companies
June 15, 2013
Norm HeikensThe industry is more than a decade beyond the sweeping consolidation of the '90s that forced out thousands of family farms
as corporations took advantage of new techniques to enable raising hogs in huge, factory-type complexes.
MoreMortgage firm is fastest-growing private company
June 15, 2013
Stonegate Mortgage Corp. returns to the top 10 for a second year thanks to geographic expansion—it now does business
in more than 30 states, up from 20 at the end of 2011—and a couple of significant transactions.
MoreYoung & Laramore finds app draws eyeballs to brand
June 15, 2013
Chris O'MalleyIndianapolis ad agency Young & Laramore's recent project for footwear giant New Balance included developing a video game
intended to reach young consumers who’ve grown up with a smartphone as a bodily appendage.
MoreNew Hostess owners want abatement for equipment
June 14, 2013
Cory SchoutenThe new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant
on the east side that could employ up to 145 people.
MoreReport: People problems persist in manufacturing, logistics
June 14, 2013
Dan HumanIndiana's manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state,
according to an industry report card released Friday morning.
MoreJapanese auto supplier adding 103 jobs in Columbus
June 14, 2013
Sunright America, a maker of nuts, bolts and specialty fasteners, plans to invest $35 million to build and equip two additional
facilities on its 33-acre campus.
MoreTop 6 ExactTarget officers reap $92.5M in option gains in sale
June 13, 2013
Dan HumanThe gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person
work force will rack up, regulatory filings show.
MoreThree other firms courted Indy's ExactTarget before Salesforce landed prize
June 13, 2013
Dan HumanAt least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com,
which led to a $2.5 billion buyout announced June 4.
MoreCarbon Motors’ Chapter 7 filing marks official end for firm
June 12, 2013
Scott OlsonThe once-promising firm that had planned to build high-tech police cars at a Connersville plant filed for bankruptcy Friday,
listing liabilities of $21.7 million.
MoreRemy seeks greater share of Chinese market with buyout
June 12, 2013
Dan HumanPendleton-based auto parts manufacturer Remy International Inc. plans to buy out a partner’s share in a Chinese joint
venture, potentially paving the way for a greater share of the growing Asian market.
MoreAnderson lodge's decline mirrors city's changed demographics
June 11, 2013
IBJ Staff, Associated PressAnderson Elks Lodge 209 wants to auction off its building at 1803 Broadway St. The lodge has about 260 members, a sharp decline
from the nearly 2,000 members it boasted in the 1970s.
MoreSalesforce slow to excite investors after $2.5B buyout of ExactTarget
June 10, 2013
Dan HumanShares of the California-based cloud computing giant continue to lag after last week's announcement of its $2.5 billion offer
for Indy-based marketing powerhouse ExactTarget.
MoreCummins looking to build downtown Indy offices
June 8, 2013
Scott OlsonCummins Inc. wants to expand its downtown Indianapolis presence and is searching for land to construct an office building
that would double the space the Fortune 500 company occupies in the city, several local office brokers said.
MoreLocally produced laundry additive taking on skin cancer
June 8, 2013
Anthony SchoettleIn a nondescript manufacturing plant on Indianapolis’ east side, a manufacturer is producing one of the most unique
weapons in the war on skin cancer. Called SunGuard, the laundry additive is being called by some dermatologists a potential
life saver.
MoreExactTarget option gains approach $300M
June 8, 2013
Dan HumanxactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local
tech experts expect will launch a wave of entrepreneurship over the next several years.
MoreManufacturer plans $30.2M expansion in Franklin
June 7, 2013
IBJ StaffNSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre
corporate campus.
MoreVacant GM stamping plant to be demolished
June 7, 2013
Kathleen McLaughlinThe 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its
peak. That number was fewer than 700 when it closed two years ago.
MoreHurco profit inches higher on stronger European sales
June 7, 2013
IBJ StaffThe Indianapolis-based maker of equipment for cutting and forming metal beat the weakened economy in Europe, but saw a sales
drop in the recessionary Asia Pacific market.
MoreSalesforce to keep ExactTarget independent, 'invest' in it
June 5, 2013
J.K. WallIn a company memo, ExactTarget CEO Scott Dorsey assures employees of their importance after announcing deal to sell the company
for $2.5 billion.
MoreToyota's Indiana plant adding more jobs than expected
June 5, 2013
Associated PressToyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana
factory.
MoreExactTarget sale caps success story; CEO mum on Indy work force
June 4, 2013
Greg Andrews, Dan Human, Bloomberg NewsExactTarget CEO Scott Dorsey said the company will remain “very committed to Indianapolis” after its $2.5 billion
buyout by tech giant Salesforce.com, but he would not comment on potential changes to the local work force of more than 1,000
employees.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!