Manufacturing & Technology

BrightPoint to be acquired for $840M by California firm

July 2, 2012
 IBJ Staff
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
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Co-working spaces multiply, giving independent workers options

June 30, 2012
Ellen Kobe
Co-working sites—shared office spaces designed to give entrepreneurs, free-lancers and consultants the tools they need to get the job done as well as the chance to interact with other professionals, sans cubicle—are gaining popularity nationally and, finally, in Indianapolis.
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Indianapolis area needs more black engineers, architectsRestricted Content

June 30, 2012
Scott Olson
Among major occupational groups, only farming has a smaller share of African-Americans, government figures show.
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Abound failure raises questions anew about Obama policies

June 29, 2012
Bloomberg News
The failure of a second solar manufacturer that received loan guarantees from the U.S. Energy Department adds to pressure on President Barack Obama to justify incentives for the clean-energy industry that’s being undercut by Chinese competition.
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Abound Solar set to close doors, file for bankruptcy

June 28, 2012
 IBJ Staff and Bloomberg News
Abound Solar Inc., a Colorado-based solar manufacturer that once hoped to hire 1,200 people in Indiana by the end of 2013, will close its doors and file for bankruptcy.
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Acid spill contained at local chemical company

June 27, 2012
Associated Press
Fire department officials say up to 1,000 gallons of sulfuric acid leaked from a storage tank at a chemical business near downtown Indianapolis.
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Anderson's former GM plants getting second look

June 26, 2012
Associated Press
Anderson officials said they are excited that companies have been showing interest in some of the industrial or commercial properties left by General Motors that need or are undergoing environmental cleanups.
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Haynes plans $23.5M expansion, 40 more jobs in Kokomo

June 26, 2012
Associated Press
Kokomo-based Haynes International Inc. plans a $23.5 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.
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Medical startup plans 71 jobs, seeks incentives

June 21, 2012
The city of Indianapolis granted preliminary approval for an eight-year tax abatement to Arcamed Inc., which plans to purchase $1.4 million in equipment to design and manufacture titanium and case-tray systems for surgical instruments.
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Baby food maker adding 150 jobs in Lebanon

June 21, 2012
Skjodt-Barrett Contract Packaging said it plans to add the jobs by the end of September, about a year earlier than expected, due to increased demand for its products. The company has 100 employees.
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Sprayer maker plans Mooresville expansion

June 21, 2012
 IBJ Staff
Mooresville-based Equipment Technologies, which makes self-propelled sprayers for agriculture, says it plans to hire 56 new people by 2015 as part of an expansion.
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State manufacturing heading for slowdown, expert says

June 19, 2012
Scott Olson
Hicks Report_watch
                           videoAn economist at Ball State University warned of another recession at Conexus Indiana's annual state of manufacturing and logistics report Tuesday morning. Both sectors, however, contribute strongly to the state's economy and earned "A" grades in the latest report.
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Herff Jones closing yearbook plant with 130 workers

June 19, 2012
Associated Press
Herff Jones Inc. of Indianapolis has decided to close a yearbook manufacturing plant that employs 130 people in Matthews, N.C., by the end of the year.
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Red Gold benefits from consumers' thrifty waysRestricted Content

June 16, 2012
Dan Human
Since the recession hit, consumers looking to save a few bucks have embraced canned produce—a trend that has kept Madison County tomato processor Red Gold in the black.
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Compendium moving its business beyond blogging softwareRestricted Content

June 16, 2012
Chris O'Malley
Compendium Software says there’s money to be made in creating a place where marketing content can be centralized and repurposed and sent out via e-mail newsletters, social media channels and—of course—blogs.
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Indianapolis firm launching dream-sharing appRestricted Content

June 16, 2012
Remember.com's free Dreamt It app will be followed by a paid version with additional features.
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Largest Indiana public companies mostly fared well in 2011Restricted Content

June 16, 2012
Performance varied widely as industries ebbed, flowed.
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Indianapolis fastest-growing companies run the gamutRestricted Content

June 16, 2012
Marc D. Allan
This year's list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging from human resources to office furnishings to construction to home health care and games.
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Web domain requests include .Cialis, .Walmart

June 14, 2012
Bloomberg News
Indianapolis-based Eli Lilly and Co. and other corporate heavyweights are applying for Web suffixes including .cialis, .walmart and .jpmorgan under a program to expand the number of Internet domain names beyond .com.
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Columbus auto parts maker plans to add 50 jobs

June 12, 2012
NTN Driveshaft Inc. said it will add the jobs by 2013 as part of an $18 million expansion that will include purchasing additional equipment for its 1-million-square-foot facility.
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Plastics company nears reopening of central Indiana plant

June 11, 2012
Associated Press
Officials expect a plastic packaging manufacturer to start production this summer at a former central Indiana auto-parts factory that closed six years ago.
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Schneider Corp. CEO's caring ways help firm survive tumultRestricted Content

June 9, 2012
Ann Finch
Victoria Schneider Temple's 50-year-old family engineering firm, The Schneider Corp., survived drastic cutbacks during the recession through a culture of respect and integrity.
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Orthopedic startups attracting big moneyRestricted Content

June 9, 2012
J.K. Wall
The Warsaw area is well-known as the home of gigantic orthopedic implant companies and their suppliers. But now a handful of startups have been able to raise nearly $25 million in equity investments despite the recession—putting a bit more fuel into a fairly stagnant entrepreneurial sector.
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Manufacturing employment coming back, but without the wages of yesteryearRestricted Content

June 9, 2012
Dan Human
Recovery in manufacturing—one of Indiana’s best-paying employment sectors—has been a much celebrated change after years of decline. But many of those jobs are returning with lower wages as employers keep up with growing global competition.
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Hurco's quarterly profit leaps on higher sales

June 8, 2012
 IBJ Staff
Indianapolis-based manufacturer Hurco Cos. Inc. on Friday reported a 26-percent rise in profit in the second quarter on growing revenue.
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