The strength in October came primarily from the volatile category of defense orders, with demand for military aircraft surging by 79.1%.
Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.Read More
Allison Transmission turns quarterly profit despite 49% decline in revenue
Allison Transmission Holdings Inc. on Tuesday reported second-quarter earnings that surpassed Wall Street expectations but revenue that fell short.Read More
Cummins exceeds expectations despite historic drop in quarterly revenue
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.Read More
2020 Indiana 100: Cook Group still blazing own trail 9 years after founder’s death
The company, whose largest business is medical devices, generated $2.4 billion in revenue last year and employs 13,531 people worldwide, including 7,699 in Indiana.Read More
Clorox Co. has added 10 additional third-party manufacturers and is running its own facilities 24 hours a day to make disinfecting wipes as fast as possible. But it’s not fast enough.
Ventec, in a partnership with General Motors, began operations in the GM Components Holdings plant in April, hiring local employees to make 30,000 ventilators for hospitals in the fight against the COVID-19 pandemic.
Local officials say state and federal authorities in recent weeks have showed little interest in helping them push for the tougher measures needed to control the pandemic.
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
The Idaho-based veterinary and agricultural animal health products supplier plans to spend $5.8 million to expand its local operations.
Founded in 2005 by Charles Haywood, Mansfield-King develops and manufactures products that are sold under its customers’ brand names. The east-side company has 154 employees.
The Department of Health and Human Services contracted with GM to build the ventilators at a converted auto electronics plant in Kokomo at a cost of $489.4 million.
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.
While the demand for printing papers had been in slow decline before the pandemic, the magnitude of the drop during COVID-19 has been a surprise.
Amazon received government approval to put more than 3,200 satellites into orbit with the goal of beaming internet service to earth. The company said it will spend $10 billion on the initiative.
Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.
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.
United Auto Workers represents about 150,000 workers employed by Ford, Fiat Chrysler and General Motors, but it also includes casino workers, university graduate assistants and others.
The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
The coronavirus pandemic has made many consumers cautious of air travel, cruise ships and hotels, and they now see RVs as a safer mode of travel and better vacation alternative.
Gary Jones acknowledged that he falsified expenses from 2012 to 2017 when he was a regional UAW director. He was promoted to president in 2018 but quit after 17 months as the federal investigation intensified.