With a last name that means “maker of carts,” Fred Cartwright jokes that he was destined to work in some form of transportation manufacturing. After carving out a nearly four-decade career in manufacturing innovation, he is now the president and CEO of Conexus Indiana.
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Conexus’ new president and CEO, Fred Cartwright, has held a variety of innovation-focused leadership positions in the manufacturing industry, including at Allison Transmission, General Motors and an automotive research facility affiliated with Clemson University in South Carolina.
Companies that map their supply chains can gain insights into where its various tiers of suppliers are located, the relative importance of each supplier and other critical data points, industry experts said at an IBJ event Friday.
A global semiconductor shortage, driven in large part by pandemic-related factors, is forcing many central Indiana manufacturers and distributors to broaden their supply base and forecast their needs longer term, along with hoping for federal aid from the president’s infrastructure proposal.
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.
The partnership, which is expected to tackle several research projects per year, is aimed at strengthening the cybersecurity of Rolls-Royce’s products, which are used in civilian and military aircraft, nuclear power plants and other applications.
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
The Indiana-based manufacturer said sales in North America declined 21% last year, but its sales in China reached record levels, up 25% from the previous year.
During his presidential campaign, Biden detailed a multi-pronged plan to address climate change by, among other things, tightening fuel economy standards and moving the United States to 100% clean-energy sources by 2050.
Artificial intelligence, data analysis tools and other digital technology will revolutionize manufacturing and companies need to get ready for it, said panelists at an IBJ/Conexus Indiana industry event Friday.
Although its financial performance hasn’t yet recovered to pre-pandemic levels, the Indianapolis-based manufacturer’s third-quarter financial results exceeded analysts’ expectations.
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
The new center, on the manufacturer’s Speedway campus, can simulate extreme heat and cold as well as a variety of altitudes and road conditions.
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.
Diana and Jason Brugh talks with podcast host Mason King about how they were able develop a robot in just weeks, what it has been like working together, and what the robot costs. Plus, Diana explains her family’s experience with the coronavirus that helped motivate the project.
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
Indiana native and Purdue graduate Robert Ulibarri, 37, has been named general manager for Saab’s aerospace facility in Discovery Park, where he will lead the advanced manufacturing and production for aerospace systems.
The automaker says it will invest $158 million to build a new service parts facility and add a transmission assembly shop. The 4.7-million-square-foot plant produces about 410,000 vehicles each year.