Delaware County regroups after green factories fizzle
A central Indiana county is pulling back its financial support for a pair of green-energy companies who so far haven't delivered on plans for factories with hundreds of workers.
Manufacturers
Articles
East-side contract manufacturer plans to add 144 jobs
Mansfield-King LLC is asking the city for property tax abatements as part of its efforts to create the jobs by 2016 through a $3 million expansion. The company currently has 45 employees.
Sleeping-products event a real eye-opener
About 3,200 visitors are in the city as part of the International Sleep Products Association’s biennial event, which showcases the latest technology in mattress manufacturing.
Analysts lukewarm to Allison ahead of market debut
Shares of Allison Transmission Holdings Inc. are expected to begin trading Thursday, but the early reaction to the IPO from analysts is lukewarm. The locally based company’s private-equity owners are offering 21.7 million shares for $22 to $24 apiece, which could raise as much as $522 million.
Hurco shares surge after quarterly profit soars
Hurco Companies Inc. said its fiscal first-quarter profit soared 200 percent over the same period a year ago, driven by strong sales increases in Europe.
Manning’s move may help Nike as it takes NFL contract
Peyton Manning’s change of address is likely good news for Nike Inc., which replaces Reebok International Ltd. next month as the maker of National Football League-branded apparel and uniforms.
Green movement a boon for Cummins Emissions
Cummins Emissions Solutions, which celebrated its 10-year anniversary last week, began with 11 employees within the Indiana-based company's filtration business. Today, the emissions group employs 1,400 people around the world, including 400 in Columbus.
Rolls-Royce plans $42M local investment, more jobs
Rolls-Royce Corp. plans to invest $42 million to set up a new manufacturing plant in Indianapolis and create 100 jobs by 2014, the company announced Tuesday morning.
State economy finally gaining traction
Leading indicators for Indiana’s economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
MainGate chasing NFL apparel deal
Indianapolis-based MainGate Inc. is in hot pursuit of the NFL’s exclusive Super Bowl on-site merchandise contract. And it might not be the only local company pursuing the multimillion-dollar deal.
Allison Transmission seeks $522M in initial public offering
Indianapolis-based Allison Transmission Holdings Inc., the former parts unit of General Motors Co., is seeking to raise as much as $522 million for its private-equity owners in an initial public offering.
Local packaging company plans to add 101 jobs in Brookville
MBC Group plans to add the jobs by 2014 at its plant in southeastern Indiana as part of a $4.1 million investment to add four production lines.
Court OKs EnerDel parent’s bankruptcy plan
A court has approved Ener1's plan to emerge from bankruptcy, the parent company of locally based EnerDel announced Wednesday.
Hybrid-vehicle hopeful Bright Automotive folding
Bright Automotive Inc., an Anderson company that once hoped to become a major hybrid-vehicle player with hundreds of employees in central Indiana, has called it quits after failing to land a $450 million government loan.
Abound Solar halts production, cuts 180 jobs
A Colorado-based solar module maker that hoped to create up to 1,200 jobs in Indiana by next year said Tuesday that it was laying off about 180 workers in Colorado as the company focuses on a more efficient product.
Covington manufacturer plans to add 68 jobs
Urbana, Ill.-based Flex-N-Gate Corp. plans to add positions by the end of the year as part of a $5.1 million expansion at its plant 75 miles west of Indianapolis.
Durable goods orders suffer worst drop in three years
Businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years.
Auto town Kokomo on the mend, but bailout still divides
The U.S. auto industry and Kokomo have staged an amazing comeback. But the resurrection of U.S. automakers has done little to resolve a deep political divide over the bailout.
Allison Transmission profits tripled in 2011
Net income of $103 million last year compares with a profit of $29.6 million in 2010 and a loss of $323.9 million in 2009, according to a document the transmission maker filed Feb. 17 with the Securities and Exchange Commission as part of its planned IPO.
Manufacturer plans to add 70 jobs in Wells County
Haven Manufacturing in Ossian, south of Fort Wayne, makes orthopedic instruments, industrial parts and special tooling for the medical, furniture, aerospace and transportation industries.