Manufacturing & Technology

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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Tech deal escalates battle of titans

October 26, 2013
Dan Human
The CEOs and of four cloud marketing companies--two national and two local--might make Indianapolis into a bridge between two feuding Silicon Valley giants. Or put the city in the middle of an aggressive arms race in one of the tech industry’s hottest markets—cloud marketing.
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UPDATE: Report finds optimism among state manufacturers

October 25, 2013
Associated Press
The survey by IU's Kelley School of Business found that four out of five Indiana manufacturing companies consider their businesses healthy or stable.
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Investors pour $5 million into beer technology firm

October 21, 2013
Dan Human
Carmel-based SteadyServ Technologies expects to roll out its keg-sensor system early next year and trigger an aggressive hiring phase.
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Countertop maker plans to add 32 jobs in Zionsville

October 21, 2013
 IBJ Staff
Cincinnati-based Sims-Lohman Inc. said it will invest $2 million to buy and equip a 57,000-square-foot facility in Zionsville. The firm already employs 22 full-time workers in the Boone County community.
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Controversial TV streamer planning to launch in IndyRestricted Content

October 19, 2013
Chris O'Malley
A digital streaming service that television broadcasters deem so threatening they recently petitioned the U.S. Supreme Court for help plans to enter Indianapolis next year.
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Tech companies building a charitable nicheRestricted Content

October 19, 2013
Dan Human
An emerging group of software companies focused on serving charities—combined with the fact the city is home to the only philanthropy college in the country—could make the area a hotbed for an often-ignored area of business.
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ExactTarget's role expands at new parent firm

October 17, 2013
Dan Human
ExactTarget CEO Scott Dorsey and his team have taken the reins of the Marketing Cloud unit at Salesforce.com, a move that has analysts raving.
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Three cities seek grant to boost manufacturing

October 16, 2013
Associated Press
Three central Indiana cities that once had thousands of auto workers have joined together in seeking a $20 million federal grant to help attract new businesses to their empty factories.
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Firm plans $16 million revival of Kokomo plant

October 15, 2013
 IBJ Staff
A maker of porcelain products plans to invest $16 million to purchase, renovate and equip a vacant pottery production plant in Kokomo and create as many as 140 jobs by 2014.
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ExactTarget lauded for Facebook softwareRestricted Content

October 12, 2013
The Indianapolis-based digital marketer developed a program called Active Audiences, which lets companies better tailor advertisements to individual customers as they scroll around the social network.
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After stock zooms up, Internet bank aims higherRestricted Content

October 12, 2013
Greg Andrews
Shares of First Internet Bancorp have more than doubled since December, when founder and CEO David Becker boosted the visibility of the stock by announcing it was shifting from the over-the-counter market to NASDAQ.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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