The Indianapolis-based machine tool maker reported Friday morning that profit in the latest quarter shot up more than 400 percent as sales and fees increased 25 percent.
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
A recession and rising international competition kept Indianapolis-based Vertellus Specialties Inc. from soaring as quickly as its owners planned, but the company’s chief says the chemical maker—a leading manufacturer of Deet insect repellent—still will be put up for sale.
Emphasis on efficiency, technology is softening job demand.
Indiana manufacturers, universities and various state groups are abuzz about their involvement with the freshly minted, Chicago-based Digital Lab for Manufacturing—even if they’re not yet sure what their exact role will be.
The sector is migrating to states that beckon with better prospects.
GE Aviation chose Indiana for its $100 million plant partly because of the potential for hiring talent from and working on advanced-manufacturing research with Purdue University. The state’s business-friendly environment also played a role.
Gov. Mike Pence and GE Aviation CEO David Joyce will be on hand Wednesday morning for the announcement at the Purdue University Airport.
The University of Notre Dame, Purdue University and Indiana University have been selected as research partners for two institutes backed by the federal government.
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
Indiana Manufacturers Association President Patrick Kiely says Indiana has added 64,000 manufacturing jobs since the industry bottomed out in June 2009.
3D Parts Manufacturing LLC plans to invest $6 million to lease and equip 25,000 square feet of operations space and hire 65 workers by 2018.
Indiana’s manufacturing and logistics sectors are undoubtedly strong, but work-force quality issues continue to nag the state, according to an industry report card released Friday morning.