Manufacturing & Technology

Rolls-Royce snags $70M contract to service Canadian fleet

July 21, 2010
British firm's Indianapolis manufacturing facility will provide engine management and repair services, as well as logistics and on-site technical support for Canadian military transport aircraft.
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Angola manufacturers plan nearly 180 new jobs

July 20, 2010
 IBJ Staff
Fuel Systems of Angola and Steffy Wood Products say they will invest a total of $4.8 million on their production facilities in northeast Indiana, creating 178 jobs by 2013.
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Steel Dynamics profit up, but misses analysts' estimates

July 20, 2010
Bloomberg News
Net income was $49.2 million, compared with a net loss of $16 million a year earlier, the Fort Wayne-based steelmaker said Monday in a statement.
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Interactive Intelligence partners on social media applicationRestricted Content

July 17, 2010
Chris O'Malley
The Indianapolis software company has partnered with Cambridge, Mass.-based Buzzient Inc. to allow clients to monitor chatter about them on Facebook and other sites.
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Cummins gets upgrade from Moody's

July 17, 2010
 IBJ Staff
The company's rating rose one notch because it has taken steps to insulate itself from economic downturns.
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Illinois firm to build used oil plant in Speedway

July 17, 2010
 IBJ Staff
The $40 million project along West 10th Street could create 75 jobs by 2013.
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ALTOM: How long will our 'Net neutrality last?

July 17, 2010
Tim Altom
Cable giant Comcast has fanned a typical smoldering Internet grumble-fest into a major screaming match, complete with a lawsuit and cries for federal intervention. The outcome may affect how much it costs you and me to do business across the ’Net.
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Cummins moving 100 jobs from Memphis to Mexico

July 14, 2010
Associated Press
The moves will leave about 1,400 employees of Cummins and its contract workers in the Memphis area.
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UAW salvages Navistar foundry on brink of closing

July 14, 2010
Kathleen McLaughlin
A five-year contract ratified late Tuesday covers 250 workers in UAW Local 226 who work at Indianapolis Casting Corp.
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Ruling on Visteon retiree benefits overturned

July 14, 2010
Associated Press
In overturning two lower court decisions, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia unanimously agreed with attorneys representing some 2,100 retirees from two Visteon manufacturing plants in Indiana.
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Federal agents raid University Loft headquarters

July 13, 2010
 IBJ Staff
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
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Calumet Specialty plans to sell $450 million of debt

July 12, 2010
 IBJ Staff and Bloomberg News
The Indianapolis-based refiner of specialty hydrocarbon products plans to sell $450 million of senior notes. Proceeds will be used to repay bank debt.
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Herff Jones closing plant in eastern Pennsylvania

July 10, 2010
Associated Press
Indianapolis-based Herff Jones Inc. said it will close the printing plant in eastern Pennsylvania this fall, laying off 107 workers.
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Miniature-car maker signs distribution deal with Target

July 10, 2010
 IBJ Staff
Locally based GreenLight Collectibles recently signed a deal to have the retailer sell its 1:64-scale replica cars.
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Startup shoots for better Craigslist

July 10, 2010
Chris O'Malley
Zankit, on online classified ad firm that thinks it has a better solution than Craigslist, was hatched only last month and plans a late-July launch. It’s the product of six strangers who met at Indianapolis Startup Weekend just last month.
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Cummins to expand Seymour plant, add 200 jobs

July 9, 2010
Kathleen McLaughlin
Cummins said it will invest $100 million in the Seymour plant as it rolls out a new, larger-displacement engine.
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Canadian chip maker locating U.S. HQ in Fort Wayne

July 8, 2010
Saratoga Potato Chips plans to create 175 jobs in the northeastern Indiana city by 2013 and will begin hiring later this year.
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Harlan Bakeries planning $9.7M expansion

July 7, 2010
Kathleen McLaughlin
Harlan Bakeries plans to expand its Georgetown Road production facility by 65,000 square feet to make a new line of products—creating 43 jobs in the process.
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Solar panel maker must prove low production cost

July 7, 2010
Kathleen McLaughlin
The company says it will hire 900 to 1,200 people in Indiana, but first, it must focus on successfully scaling up its existing facility in Colorado.
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Solar firm investing $500M in unused Getrag plant; 850 jobs planned

July 3, 2010
 IBJ Staff
A Colorado-based Abound Solar will get federal help taking over the empty Getrag plant on U.S. 31 near Kokomo, creating as many as 850 jobs in the next three years and establishing what it says will be the largest such facility in the United States.
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ALTOM: Is Pac-Man robbing your workers of productivity?

July 3, 2010
Tim Altom
When Google users stumbled on a surprise gift from the giant search company, it was inevitable that in business offices everywhere, the long-forgotten sounds of Pac-Man would come to life again.
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Delta Faucet adaps to new normal in homebuildingRestricted Content

July 3, 2010
Kathleen McLaughlin
The company's total employment is 1,345, down 43 percent from 2007.
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Vera Bradley files for $175M IPO

July 1, 2010
 IBJ Staff
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
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Richmond factory being closed by new owner

July 1, 2010
Associated Press
Engineered Plastic Components decision will cost 75 workers their jobs at the former Innatech plant.
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Local union boss on GM talks: 'They're forcing this upon us'

July 1, 2010
J.K. Wall
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over public protest of 650 local union workers.
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