Manufacturing & Technology

Ex-Marcadia executive co-founds software firmRestricted Content

March 16, 2013
Chris O'Malley
A fixture in Indianapolis' startup community, Marcadia Biotech co-founder Kent Hawryluk is backing a project management software firm.
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Indiana tech startups deemed seeds of promise

March 16, 2013
Chris O'Malley
There’s the company founded by a college kid, in his dorm room. Another firm was launched by a guru from the shadowy world of cyber security. And the other was founded by tech veterans old enough to remember IBM punch cards. Three Indiana tech companies have surfaced among standouts in the notes of judges for TechPoint’s annual Mira Awards—the Hoosier tech version of the Oscars.
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Hurco names new president

March 15, 2013
Gregory S. Volovic has been at the machine-tool manufacturer since 2005 and most recently served as executive vice president of technology, operations and North American sales and service.
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Meat distributor plans plant, 80 jobs in Hancock County

March 13, 2013
Chicago-based Peer Foods Group Inc., a meat producer and distributor, said Wednesday that it plans to create 80 jobs by 2014 as part of a $5.5 million expansion into Hancock County.
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Noblesville manufacturer plans move to Elwood, expansion

March 13, 2013
Kathleen McLaughlin
Warner Bodies Inc., a 74-year-old Noblesville manufacturer with 50 employees, expects to add about 150 workers after moving to Elwood.
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Auto parts plant closing in northeastern Indiana

March 11, 2013
Michigan-based Ficosa North America Corp. has notified state officials that 137 employees will lose their jobs when the plant in Berne closes May 31.
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Allison adds hybrid systems for broader array of trucks and busesRestricted Content

March 9, 2013
Production of propulsion system for medium- and heavy-duty vehicles will begin later this year.
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Honda shuffling management at Greensburg plantRestricted Content

March 9, 2013
The changeup is part of a transition throughout Honda North America Inc.'s operations.
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Congressman invites Italian gun maker to IndianaRestricted Content

March 9, 2013
U.S. Rep. Marlin Stutzman is encouraging Beretta to move its U.S. operations from Maryland, which is considering an assault weapons ban.
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Hurco sees smaller profit on drop in sales

March 6, 2013
Dan Human
Machine-tool manufacturer Hurco Cos. Inc. saw earnings drop 51 percent in its latest fiscal quarter on falling revenue, the Indianapolis-based company announced Wednesday.
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LANGFORD: Banks must move toward greater access, flexibilityRestricted Content

March 2, 2013
Kevin Langford / Special to IBJ
Consumers want more than 'one message fits all.'
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Indiana's tech efforts on national radarRestricted Content

March 2, 2013
White House summit on tech startups included only 11 states after evaluation of tech economies in all 50.
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Auto parts supplier lays off 200 in northeastern Indiana

March 1, 2013
Contech Castings LLC has suspended certain operations at plants in Auburn and Pierceton and laid off more than 200 employees after losing a customer to a competitor.
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Chrysler confirms state investment of $374 million

February 28, 2013
Dan Human
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
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Senate OKs bill to stop undercover video at farms, plants

February 27, 2013
 The Statehouse File
The Indiana Senate passed a bill Tuesday that would make it illegal to take unauthorized pictures or video of operations at a manufacturing or farming business.
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Indiana auto parts supplier lays off 130 workers

February 25, 2013
Associated Press
A Contech Castings spokesman said the company's Auburn plant laid off about half of its work force Friday after losing a contract last week.
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City mulls creation of 'high tech district' for ExactTarget

February 25, 2013
Cory Schouten
ExactTarget Inc. could get a 10-year tax break on an unspecified investment in new equipment if the City-County Council agrees to designate several parcels tied to the Indianapolis-based company as a "high technology district."
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Factory workers struggling to bounce backRestricted Content

February 23, 2013
Dan Human
Thousands of Indiana’s rank-and-file factory workers have seen their earnings lose ground to that of white-collar workers. The gap has grown even as manufacturers expect their assembly-line workers to have more skills and more advanced education.
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Union workers at Goshen's Cequent plant take severance deal

February 23, 2013
Associated Press
The trailer-hitch manufacturer plans to close the 450-employee plant and move operations to Mexico. Union workers voted Friday to forego arbitration and accept a severance agreement that will pay the most senior employees $36,000.
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New microbrewer embraces history of near-east-side headquarters

February 23, 2013
Cory Schouten
A bottling house, which is all that's left of a brewing campus closed by Prohibition, will be home to two partners' startup this spring.
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Cummins lowers previously reported earnings

February 20, 2013
Dan Human
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.
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Allison Transmission cuts 2013 sales outlook

February 19, 2013
Dan Human
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
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Remy International reports $138M annual profit

February 19, 2013
Dan Human
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
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Allos Ventures raises $40 million for early-stage tech firmsRestricted Content

February 16, 2013
Chris O'Malley
Allos Ventures has raised $40 million from local tech industry luminaries and others to invest in early-stage tech companies in the Midwest, a segment that has seen funding dry up. The fund, Allos II, aims to invest $3 million to $7 million each in about a dozen early-stage companies—not upstarts but those already generating solid revenue streams.
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Does hybrid-tech startup have investors too revved up?Restricted Content

February 16, 2013
Greg Andrews
Echo Automotive trades on the OTC Bulletin Board, the Wild West of investing—where cheap stock prices and low trading volumes can translate into wild swings in stock price.
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