Manufacturing & Technology

Indiana exports hit record, but growth slows

August 15, 2013
 IBJ Staff
Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.
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Wheelchair lift company shifting work to northern Indiana

August 13, 2013
Associated Press
A company that converts minivans into wheelchair-accessible vehicles plans adding up to 70 jobs at its northern Indiana headquarters by shifting production from a Michigan factory.
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Subaru parent set to reevaluate strategy amid rapid growth

August 9, 2013
Bloomberg News
Executives at the company, which counts Toyota Motor Corp. as its biggest shareholder, will begin discussions this month through next year to determine the long-term direction of the Tokyo-based company.
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Calumet Specialty shares fall after plunge in earnings

August 7, 2013
 IBJ Staff
Shares of Calumet Specialty Products Partners LP dropped as much as 8 percent early Wednesday after the Indianapolis-based company reported a dramatic decline in profit in the second quarter.
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Remy International stock hits 52-week high

August 6, 2013
 IBJ Staff
Shares of Pendleton-based Remy International Inc. closed at a 52-week high Tuesday, a day after the manufacturer announced declining sales and earnings in the second quarter.
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Allison stock slips after owners reveal plan to sell shares

August 6, 2013
 IBJ Staff
The primary investors in Allison Transmission Holdings Inc. are looking to lock in profits by unloading 16.6 million shares of the company for more than $350 million.
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Massive job cuts in Indiana help Swiss firm turn profit

August 6, 2013
Bloomberg News
OC Oerlikon Corp. interim CEO Juerg Fedier said margins are improving in the Fairfield Drive Systems division in Lafayette after the Swiss manufacturer cut nearly 500 jobs in the second quarter.
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Slumping Caterpillar to lay off 125 workers in Lafayette

August 6, 2013
Associated Press
Caterpillar in July announced a 43-percent drop in earnings and cut its outlook for the rest of the year because of a downturn in the global mining industry.
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Vera Bradley to invest $26M in expansion, add 128 jobs

August 3, 2013
Associated Press
Handbag and luggage maker Vera Bradley Inc. plans to bolster its design and distribution centers near Fort Wayne.
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State adds manufacturing jobs for second year in a row

August 3, 2013
Associated Press
Indiana Manufacturers Association President Patrick Kiely says Indiana has added 64,000 manufacturing jobs since the industry bottomed out in June 2009.
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Goldsmith: 'Big data' to reinvent governmentRestricted Content

August 3, 2013
Kathleen McLaughlin
While some Americans question the National Security Agency’s habit of amassing citizens’ phone records, former Indianapolis Mayor Steve Goldsmith urges city governments to dive into “big data.”
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Delta Faucet builds innovation machine in CarmelRestricted Content

August 3, 2013
Dan Human
One of Indiana’s most innovative companies in the past decade doesn’t make surgical instruments or drugs or engines. It makes water faucets and toilets. Delta Faucet Co. has secured 589 patents in the past 20 years.
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T-shirt printer scoping Indy for new facility, 105 jobs

August 2, 2013
 IBJ Staff
Little Raymond's Print Shop Inc. has requested a property-tax break on $975,000 in manufacturing equipment needed for its screen-printing facility.
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Battery maker EnerDel lays off 65 workers

July 31, 2013
Kathleen McLaughlin
Lacking production contracts, struggling battery maker EnerDel Inc. has once again downsized its Indianapolis-area work force.
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Cummins shares jump on 2-percent revenue boost

July 30, 2013
 IBJ Staff
Shares of Columbus-based engine maker Cummins Inc. shot up 4 percent in Tuesday morning trading despite a reported 11-percent dip in profit for its second quarter.
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Gears slip for Allison Transmission in second quarter

July 30, 2013
 IBJ Staff
Profit and revenue fell for Allison Transmission Holdings Inc. in its second quarter, as demand in its mining and military markets slipped.
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Software firm finds beer business is a frothy marketRestricted Content

July 27, 2013
Dan Human
Carmel-based Blue Horseshoe Solutions develops software that manages supplies, warehousing, deliveries, worker productivity and other logistical complexities connected with any number of goods-producing businesses, but about 25 percent of its business falls within the beverage category.
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Toyota to add 200 jobs at Indiana factory in 2014

July 26, 2013
Associated Press
Toyota Motor Manufacturing Indiana Inc. announced Friday that it's increasing Highlander production by 15,000 units at its Princeton plant as part of a $30 million investment.
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Flavor-maker to close Indy plants, lay off 47

July 23, 2013
Mason King
Kerry Ingredients & Flavours LLC plans to consolidate the Indianapolis manufacturing operations into other U.S. facilities. Thirty-five temporary workers also will lose positions.
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Zipp Speed Weaponry 'at the front of the pack'Restricted Content

July 20, 2013
Anthony Schoettle
Zipp’s position as market leader has only grown stronger since the local company formed in 1988 was acquired in 2007 by Chicago-based SRAM Corp.
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Emmis sees coupons as next frontier for radio appsRestricted Content

July 20, 2013
Chris O'Malley
An app that would allow smartphones to receive FM radio signals like a transistor radio has been hailed as a way to help stations recapture listeners who fled to Web-based music streaming services.
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Car parts maker expands in Hancock County

July 19, 2013
Mason King
A 250,000-square-foot distribution center that sat empty since the recession has finally nailed down a tenant—a Canadian firm relocating operations from nearby Knightstown.
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Delta expanding operations in central Indiana

July 16, 2013
 IBJ Staff
Delta Faucet said it plans to spend about $12 million to renovate and equip its 380,000-square-foot facility in Greensburg, adding about 160 employees by 2014.
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Health tech startup aiming for fences

July 13, 2013
J.K. Wall
Flying under the radar for much of its existence, local health tech startup hc1.com Inc. now thinks it’s ready to soar. The company, spun out last year from Zionsville-based Bostech Corp., is on pace to generate annual revenue of $10 million by year's end. And it thinks business could triple next year.
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Tech showcase crowns unlikely winner in pitch contest

July 12, 2013
Dan Human
Emphymab Biotech, with a treatment for emphysema developed by a group of Indiana University medical professors, received the top prize at the Innovation Showcase on Thursday.
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