Freudenberg-NOK is shutting down a brake-parts plant it operates in the southern Indiana town of Scottsburg, throwing 135 out of work. The work will be moved to Queretaro in central Mexico to cut costs and follow auto-making customers that are adding locations in the area, according to WHAS-TV Channel 11 in Louisville. Headquartered in the […]
More than 460 workers at General Motors Corp.’s pickup truck assembly plant in Fort Wayne are taking early retirement or a buyout offer as part of the automaker’s most recent round of buyouts. The workers will leave GM on July 1, according to The Journal Gazette of Fort Wayne. The plant has 2,700 employees. Some […]
Hendricks Regional Health will spend $60 million to add 205,000 square feet to its Danville hospital, the system announced today. The expansion will begin right away with a scheduled completion in January 2010. At that time, Hendricks Regional will boast 789,000 square feet at its Danville facility. The new three-story wing will house six operating […]
LaCrosse Footwear Inc., the Portland, Ore.-based seller of work and outdoor boots, has contracted with Browning Investments Inc. and ProLogis to build a warehouse in the Boone County community of Whitestown. The 380,000-square-foot facility will be located in Park 267, an industrial park that Indianapolis-based Browning and ProLogis are developing near State Road 267 and […]
A new software company that’s developing music-teaching software plans to locate its headquarters in Stutz Business Center downtown and create 100 jobs by 2015. Musical DNA LLC will invest $2.3 million in the headquarters and development center, Indiana Economic Development Corp. announced yesterday. The company, which has 15 employees, received performance-based commitments of $1.1 million […]
Assembly of Tundra full-size pickup trucks will be slowed at Toyota’s plant in Princeton and its new plant near San Antonio for the second time in four months. The Princeton plant will be idled for six production days until the end of August, according to Bloomberg. However, Toyota is not planning to shift all production […]
The Indiana Department of Insurance is asking insurance companies doing business in the state to temporarily delay canceling Hoosiers’ policies due to late payments if the policy holders live in counties hit by tornados or flooding. The grace period applies for 60 days beginning May 30. The department also will allow a 60-day grace period […]
Colgate-Palmolive Co.’s toothpaste plant in Clarksville closes at the end of the month, but the landmark still has no buyer. The price on the 52-acre site near Louisville has been slashed to $9 million from $13 million, according to The Courier-Journal of Louisville. Observers say tight-fisted lending practices resulting from the credit crisis are likely […]
A planned merger of Bloomington Hospital into Indianapolis-based Clarian Health was approved 403-149 last night by the Bloomington facility’s governing body, the Local Council of Women. The Local Council, which founded the hospital more than 100 years ago, had to revise hospital bylaws to clear the way for the merger. Clarian will receive 51 percent […]
Indiana‘s economy expanded only 0.3 percent, to $246.4 billion, last year, new figures from the U.S. Bureau of Economic Analysis show. The growth is on top of inflation. Only seven states performed worse. Indiana was hit hard by the slowdown of the Detroit auto industry, according to a blog written by Bill Testa, a vice […]
A consultant hired to help Bloomington decide how to replace lost manufacturing jobs recommends storing data for companies. Boyd Co. Inc. said in a recent report that Bloomington ranked third in a list of 45 cities in suitability for hosting data storage centers, according to The Herald-Times of Bloomington. The centers, which generate well-paying jobs, […]
German industrial giant Robert Bosch GmbH said late last week that it plans to buy CST/berger, a West Lafayette-based maker of laser tools, for $205 million. The deal must be approved by regulators. CST/berger is owned by The Stanley Works of New Britain, Conn. Its tools for measuring, detection and leveling help contractors and homeowners […]
MacAllister Machinery Co. plans to spend $17 million to expand operations at its headquarters on East 30th Street in Indianapolis, the Indiana Economic Development Corp. announced today. The expansion is expected to create 65 jobs. MacAllister, a heavy equipment supplier, employs 700 in Indiana and 250 in Marion County. It plans to begin hiring diesel […]
Chrysler LLC may lease part of a Kokomo transmission plant and some of its employees to Canada-based Linamar Corp., reports The Wall Street Journal. The unusual deal could save the Michigan-based automaker $60 million; Chrysler and other U.S. automakers are struggling to adjust to a consumer shift to cars from trucks and underused plants. The […]
Eli Lilly and Co. keeps looking for new ways its rising star, Cymbalta, could help patients with pain and depression. And it got a boost today from clinical trial data presented in France. A study of patients with osteoarthritis found that Cymbalta significantly reduced pain in their knees, compared with patients who took a placebo. […]
Auburn-based Ambassador Steel Corp. has agreed to be bought by Harris Steel Inc., a unit of Charlotte, N.C.-based Nucor Corp., for $185 million. Nucor announced the deal today. Ambassador makes and distributes concrete-reinforcing steel and related products. The deal, pending regulatory approval, is expected to close by September. No details were provided about the impact […]
Conseco Inc. hired one upper-level executive and promoted another one this week. The Carmel-based insurer hired Michael Farley as senior vice president and annuity and life actuary. Farley, 45, joins Conseco from ING Re, where he served from 2001 to 2007 as chief financial officer and chief insurance risk officer. Conseco also made its interim […]
Sony Corp. plans to spend $113 million to expand its Blu-ray Disc manufacturing operations in Terre Haute, creating up to 85 jobs. Sony DADC employs about 1,180 at the plant, which makes 425,000 Blu-ray discs daily, plus compact discs and DVDs. Sony will receive $975,000 from the Indiana Economic Development Corp. in tax credits and […]
Assessed property value in Lebanon topped the $1 billion mark in 2006, thanks in part to the Lebanon Business Park, which opened in 1994, according to a report prepared for the Boone County Economic Corp. by accounting firm Katz, Sapper & Miller. The 60-page report outlines how the 1,000-acre park has created jobs and helped boost […]
Eli Lilly and Co. will pay $35 million for rights to an osteoporosis medicine delivered through the skin, the Indianapolis drugmaker announced today. Lilly has signed a licensing and development agreement with Israel-based TransPharma Medical Ltd. for exclusive rights to its ViaDerm-hPTH product and non-exclusive rights to its drug-delivery system, which delivers medicine through a […]
