Manufacturing & Technology

Pickups, small SUVs lead April auto sales rebound

May 1, 2014
Associated Press
U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
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Interactive Intelligence plans $28M building, 430 hires

May 1, 2014
 IBJ Staff
Local software firm Interactive Intelligence Group Inc. announced Thursday afternoon that it plans to hire 430 employees by the end of 2016 as part of a major expansion of its headquarters.
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Interactive Intelligence to hire hundreds in growth plan

May 1, 2014
 Associated Press and IBJ Staff
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
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Jasper engine firm to hire 235 for new plant

April 30, 2014
 IBJ Staff
Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot facility near its headquarters in the southwest Indiana city.
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Japanese manufacturer plans 220 jobs in Mooresville

April 29, 2014
 IBJ Staff
A subsidiary of TOA Industries Co. Ltd. plans to spend $72.1 million to construct and equip an additional 360,000 square feet of manufacturing and warehouse space at its existing facility in Morgan County.
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Cummins raises forecast after strong first quarter

April 29, 2014
 IBJ Staff
The Columbus-based manufacturer reported a profit of $338 million as revenue increased 12 percent.
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Firm that figured out how to sell hair-salon products online is snapped up by giantRestricted Content

April 26, 2014
Dan Human
Indianapolis startup Loxa Beauty was barely generating revenue last year when one of the biggest companies in its industry offered to buy it.
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Manufacturers see better times for economy, jobs

April 25, 2014
Associated Press
Economists don't expect explosive global or corporate growth this year, but the improving big economies of the U.S. and Europe will likely inspire companies to further increase spending on high-priced equipment.
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Battery maker EnerDel loses CEO, names interim

April 24, 2014
 IBJ Staff
EnerDel Inc. CEO David Roberts has resigned and chief operating officer Michael Canada will replace him on an interim basis, the Indianapolis lithium-ion battery manufacturer announced Thursday afternoon.
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Toolmaker's warehouse to close, laying off 80

April 23, 2014
Mason King
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
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Software firm Salesvue secures $3M in venture capital

April 22, 2014
Dan Human
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
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Indiana plant closing could cost 120 jobs

April 22, 2014
Associated Press
Citing poor economic conditions, ATI Casting Services plans to shut down its metal-casting factory by the end of June.
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Pork packer planning to produce 98 positions at Indiana plant

April 21, 2014
 IBJ Staff
Indiana Packers Corp., which makes Indiana Kitchen bacon, said it will spend $2.3 million on a 56,500-square-foot facility on 5.9 acres about 45 miles from Indianapolis.
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Calumet may cut debt ratio without lower borrowings, CFO says

April 21, 2014
Bloomberg News
Indianapolis-based Calumet Specialty Products Partners LP plans to lower its leverage by increasing earnings rather than cutting debt that is rising by 35.6 percent this month.
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Chatham Tap crew buying ex-church for brewery, restaurant

April 19, 2014
Scott Olson
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
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Beck’s Hybrids prospers against far bigger firms

April 19, 2014
Andrea Muirragui Davis
When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
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Subaru awaiting Toyota's decision about output in Indiana

April 17, 2014
Bloomberg News
Subaru, which added more U.S. market share than any international carmaker last year, is pushing ahead with U.S. expansion plans as it awaits a Toyota's decision on whether it will keep building Camrys at Subaru's Indiana plant.
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Another printing plant to close, laying off 59

April 17, 2014
Associated Press
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
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Driver shortage causes backlog of RV deliveries

April 16, 2014
Associated Press
The Recreation Vehicle Industry Association estimates 25,000 to 30,000 RVs are awaiting delivery because about 2,000 drivers are needed.
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Local businesses struggle to make sense of Heartbleed flaw

April 16, 2014
Dan Human
Companies around Indianapolis—especially small ones without their own IT teams—are still trying to determine how or even if they were affected by the confounding Internet security gap.
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Chrysler set to celebrate Indiana factory's opening

April 16, 2014
Associated Press
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year's end.
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TinderBox woos executive away from Groupon

April 16, 2014
Dan Human
It’s a return to the city for David Kerr, who in the early 2000s ran Indianapolis software firm NoInk Communications alongside TinderBox cofounder and CEO Dustin Sapp.
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Florida rival scoops up another ex-BrightPoint executive

April 15, 2014
 IBJ Staff
A competitor that once feuded in court with BrightPoint Inc. over the recruitment of executives has hired another top officer from the mobile-phone distribution and logistics company now known as Ingram Micro Mobility.
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Option grant lifts compensation for Angie's List's Oesterle

April 14, 2014
Chris O'Malley
Stock options accounted for the biggest chunk of the CEO's compensation. Their value will depend on the company's future stock performance.
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IU research-to-market center plans move to Wishard

April 14, 2014
 Associated Press and IBJ Staff
The Indiana University Research and Technology Corp. wants to sell its existing Innovation Center building in downtown Indianapolis and move into the former Wishard Memorial Hospital on the edge of the IUPUI campus.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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