Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Remy International considering stock offering, CEO says
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
Uptick in M&A activity suggests a turnaround
Fourth quarter helps to bolster 2010 deal-making.
UPDATE: Biden touts advanced vehicles in Greenfield
Vice President Joe Biden was in Greenfield, about 25 miles east of Indianapolis, on Wednesday morning to visit an EnerDel plant that received a $118.5 million Recovery Act grant in 2009 to expand its lithium-ion battery production.
Humvee maker cutting 300 jobs at Indiana factory
AM General plans to lay off 300 workers from the Mishawaka factory that makes Humvees for the military.
Ambulance manufacturing plant in northern Indiana closing
Medtec Ambulance Corp. has notified state officials it will close its plant in Goshen on March 31 as part of a reorganization that will move operations to Bradenton, Fla., costing 150 workers their jobs.
RV makers are optimistic industry will rebound in 2011
A University of Michigan survey found that recreational vehicle companies are expecting a nearly 4 percent increase in sales this year.
Rising industrial production gives economy momentum
Factories started producing more as U.S. companies placed more orders to replenish stockpiles that they slashed during the downturn. Then in the final months of 2010, consumers and businesses showed a bigger appetite to spend, encouraged in part by the improving economy.
Hurco reports fourth quarter, annual losses
Indianapolis-based machine tool maker lost $1.1 million in the fourth quarter and $5.7 million in fiscal 2010.
Kokomo plant closure affects 75 workers
Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.
Rolls-Royce scores $49M military contract
Rolls-Royce Corp.’s Indianapolis operation is finishing the year out the way it started—racking up lucrative military deals.
State’s big polluters spewed less last year
EPA data show an 18 percent decrease in toxic emissions among big manufacturers and electric utilities, but it’s unclear to what degree better practices—or the slow economy—had on declining levels.
Muncie locomotive plant looking for new hires
A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers.
Rolls-Royce, Raytheon win $154M in military contracts
A pair of Indianapolis military contractors scored new government deals worth a combined $154.4 million, the Department of Defense announced late Wednesday.
Parts supplier NTN adding 115 jobs at Columbus plant
The Columbus-based company says the added work comes as sales have gone up for models it supplies. Ford, Toyota and Honda are NTN's three primary customers.
Rolls-Royce scores more military business
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
First vehicles roll out of Indiana electric-car plant
Fifteen cars rolled out of Think North America’s Elkhart plant on Wednesday, bound for Indianapolis. The cars will be used primarily by the state Department of Natural Resources.
Abound Solar completes financing for Tipton plant
Company closes on a $400 million federal loan to help it take over the empty Getrag plant on U.S. 31 near Kokomo, where it wants to hire as many as 1,000 workers. The plant was acquired for $25 million.
Hillenbrand wins ban of knockoff coffins from Mexico
The U.S. International Trade Commission said Monday that Ataudes Aguilares will be barred from bringing in caskets with attached memorabilia compartments, which Batesville-based Hillenbrand has patented.