Northstar Aerospace closing Anderson plant; 48 jobs lost
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
D'Arcinoff Group, which calls itself a manufacturing coordinator, has its eye on the soon-to-close General Motors stamping plant west of downtown Indianapolis.
The Obama administration is creating a $4.5 million partnership between the private sector and government to help Midwest manufacturers access high-tech computing to speed up design cycles for future products.
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
U.S. manufacturers expanded at the fastest pace in nearly 7 years last month, as factories continue to boost economic growth.
Indianapolis will spend $115,000 on a study to explore redevelopment opportunities for the 102-acre GM Stamping Plant property west of downtown that will close this summer.
Indianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
Iowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility in Maryland, the company said Friday.
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.
Roche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading brand of blood glucose monitors.
Klipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of the current management team, Audiovox said.
Batesville-based casket manufacturer Hillenbrand Inc. said Wednesday that its fiscal first-quarter profit fell 8 percent as an increase in sales was offset by higher costs.
Sales for the fourth quarter were $4.1 billion, up 22 percent from the same period in 2009. Quarterly profit of $362 million, or $1.84 per share, exceeded analyst expectations.
Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.
Northville, Mich.-based Key Plastics LLC said Thursday it will move work from its Hartford City plant 15 miles north of Muncie to other North American factories.
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
A plant closing in New Jersey will result in 150 jobs moving to Sony DADC's factory in Terre Haute.