Packaging entrepreneur, 84, to sell family firm for $100M
Bob Haddad started the box company in 1975. It since has branched out to a wide variety of products and several location in Indiana and Illinois with 300 employees total.
Advanced Manufacturing
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Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
Indiana’s manufacturing industry losing steam, survey says
Respondents from a wide range of sectors across the state say their expected growth rates for revenue, profit and capital investment are lower than in recent years.
Rolls-Royce shakes up top management amid ongoing restructuring
The London-based company, which has 4,000 employees in Indianapolis, has cut divisions and eliminated more than 600 senior and middle-management positions over the past year. It just hired a new chief financial officer.
FOCUS: More kids take vocational classes but challenges remain
In the school year that ended in May, nearly 175,000 students were enrolled in more than 235,000 career and technical classes. That’s an 11 percent increase since the 2012-2013 school year, when Gov. Mike Pence challenged schools to serve students going to work as well as students going to college.
Indy to host aerospace conference in 2018
The Aerospace Industries Association plans to host its Supplier Management Council conference in Indianapolis in the spring of 2018, state officials announced Tuesday from a prestigious airshow in England.
Rolls-Royce lands $216M contract for fighter jet lift systems
Most of the work will take place at the manufacturer’s Plainfield and Indianapolis facilities.
Indiana RV maker pays $576M for fellow Hoosier firm
Thor Industries Inc. has purchased privately held Jayco Corp. in hopes that it will help attract younger customers looking for more modest travel abodes.
Indiana gains ground in Fortune 500 amid shuffle among elite
Indianapolis-based Simon Property Group Inc. and Warsaw’s Zimmer Biomet Holdings vaulted back among the top 500 this year, while local oil refiner Calumet Specialty Products Partners plummeted.
Industries focus on connecting with students to attract workers
While Indiana scores highly in terms of the overall health of its manufacturing and logistics sectors, a report released Thursday indicated that workforce development is still a key concern.
Workforce challenges a drag on aviation, aerospace industries
A surge of people retiring from the fields has created a talent shortage, and recruiting and training enough workers remain vexing challenges for companies, according to executives at an IBJ event Thursday.
Highly skilled manufacturing likely to stay in U.S. but other jobs less safe
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
Carrier plant closing shows vagaries of modern manufacturing
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
Survey: More Indiana manufacturers financially ‘challenged’
A new annual survey of Indiana manufacturers found 38 percent of companies rate their overall performance as “healthy,” a drop of about 10 percentage points in a year.
Rolls-Royce to run new R&D facility at Purdue tech park
The global firm with extensive Indiana operations plans to occupy a 40,000-square-foot building to be constructed in the Purdue Research Park Aerospace District, a 980-acre technology park in West Lafayette.
Allegion adds technology, products, jobs through acquisitions
The company makes entry doors and security products that almost everyone has used but the company remains not that well known.
Allison’s sales, profit fall on lower global demand
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Defense contractor moving 360 jobs out of Indiana
Defense contractor Harris Corp. plans to move about 360 jobs from Indiana to Rochester, New York, over the next year, the company disclosed Wednesday.
Purdue starts construction on $50M materials research facility
Purdue officials said the facility will support research focusing on development of lighter-weight composite materials that can be used in aerospace, aviation, automotive, energy and sporting equipment.
Indiana high schoolers head to factories for internships
More than 80 budding engineers will build and work with machines as part of a new program designed to give students experience in manufacturing.