Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
Factories
Electric car maker targets Indiana for $160M plant, 467 jobs
SF Motors Inc., a Silicon Valley-based electric vehicle developer and manufacturer, said it could hire as many as 200 workers at the Indiana plant by the end of the year.
The low-wage job trap leaves many families flailing
For many Indianapolis residents, the problem isn't finding work. It's landing employment that pays enough to lift them from poverty and provides a financial cushion to absorb daily life's inevitable setbacks.
Caterpillar plans $73.6 million Indiana expansion, 125 jobs
Heavy equipment and machinery maker Caterpillar plans to make the investment in building improvements, information technology, software and equipment.
Hybrid pioneer Allison sees long road toward electric big rigs
Allison Transmission Holdings’ incoming CEO sees development of fully electric heavy trucks as a longer-term project.
First Subaru Ascent rolls off Lafayette plant’s assembly line
A Subaru plant in northwest Indiana has produced its first Subaru Ascent as part of an expansion that's added more than $140 million in equipment and 200 jobs to the plant.
Cummins considering $3B deal for GE engine business, sources say
A sale of Jenbacher, which makes engines that generate power and heat for industrial facilities, is poised to be GE’s biggest to date in CEO John Flannery’s plan to reshape the company.
Two manufacturers plan new plants in Whitestown, nearly 200 jobs
A food-packaging maker and one of the world’s largest bearing manufacturers have plans to spend more than $22 million and lease more than 400,000 square feet of space in Boone County if tax incentives are approved.
Food processor to hire 100 more workers in Indiana
SugarCreek Packing Company announced Wednesday that the new hires would be made by late June 2019, boosting the plants workforce to about 500 workers.
Memory Bank: Mallory factory whirs with activity in 1943
At its height in the 1960s, the P.R. Mallory building on Washington Street had 1,500 workers.
Manufacturer plans $72 million plant, 89 jobs in Lebanon
The company that makes the water-soluble film used to create products such as Tide Pods and Cascade ActionPacs plans to break ground on the 150,000-square-foot manufacturing plant this summer.
Kitchen equipment maker plans $7M renovation, 75 jobs
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
Indy-area manufacturer of metal components buys similar firm in Floyds Knobs
With the addition of NetShape Technologies, Westfield’s Metal Powder Products has 1,200 employees in the U.S. and China and annual sales of $200 million.
German auto parts maker plans Indiana expansion, 120 hires
ElringKlinger intends to add $20.6 million in manufacturing, logistics and information technology equipment to its Fort Wayne plant.
Jeffboat says 2nd round of layoffs to trim 226 workers
It’s the second round of layoffs announced at Jeffersonville-based Jeffboat in the past few months.
215 Carrier jobs disappearing as company follows through with layoff plans
Donald Trump intervened in 2016 and persuaded the company to reverse its decision to shutter the Indianapolis factory outright. But since then, it has cut employment from 1,600 to 1,100.
Much-sought Toyota-Mazda factory to be built in Alabama, source says
Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Richmond auto parts plant to close next year, costing 67 jobs
Southfield, Michigan-based Janesville Acoustics informed state and local officials last week that the Richmond factory, which makes thermal and acoustical insulation for the auto industry, will close by August 2018.
Subaru could surpass Hyundai in U.S. with sales of Indiana-made Ascent
After stringing together a streak of monthly gains nearing six years, Subaru is debuting its new and improved three-row SUV at the Los Angeles Auto Show.
Indy-based heating-and-cooling firm under new ownership
After 33 years, the maker of industrial heat-exchange equipment will fuse to a similar German manufacturer.