Vera Bradley files for $175M IPO
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
Manufacturers
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Local union boss on GM talks: ‘They’re forcing this upon us’
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over
public protest of 650 local union
workers.
Alcoa cutting 65 jobs at Lafayette plant
United Steelworkers local president Jerry Misner says the layoffs at the Lafayette plant are effective Monday.
UPDATE: Stamping plant suitor gets time to negotiate
There’s more time for Illinois-based JD Norman Industries to hammer out a deal to buy a General Motors stamping plant
in Indianapolis, potentially saving hundreds of local jobs.
Union leaders meeting with GM plant bidder
United Auto Workers official Maurice "Mo" Davison is making one last attempt
to put a deal together for a Chicago-area firm to buy the General Motors stamping plant southwest of downtown Indianapolis,
which is slated to close in 2011.
Raytheon lands $250 million Navy electronics contract
Workers at Raytheon Technical Services’ Indianapolis facility will spend four more years working on software to control electronics
on the Navy’s V-22 Osprey aircraft.
Glass company to open $3.7M plant in Elkhart
State officials say Pennsylvania-based Santelli Tempered Glass Inc. will open a 32,500-square-foot plant in Elkhart, creating
35 jobs by 2013.
Allison dedicates $130 million hybrid plant
Allison Transmission Inc. said Monday that it has begun renovating a vacant manufacturing space to work on hybrid systems
for commercial vehicles.
Cummins looks to boost India sales by 40 percent
Cummins Inc., the Columbus-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent
this year as economic growth spurs road traffic and demand for electricity.
Evansville Whirlpool plant reaches end of the line
The refrigerator plant's production line is shutting down Friday, meaning the loss of some 600 jobs. About 450 other workers
were laid
off in March when Whirlpool ended its second shift.
Ohio plant eyes Indiana to avoid environmental rule
Ohio’s governor has asked state environmental regulators to come up with a way to save 214 jobs at a northwest Ohio plant
that is considering a move to Indiana.
Toyota adding 100 workers at Indiana factory
The hiring follows Toyota’s announcement this month that it would move some of its Highlander SUV production from Japan to
the Princeton plant.
Batesville Tool & Die expansion should create 40 jobs
Southeastern Indiana company plans to add 25,000 square feet to plant and begin hiring additional employees by the end of
next year.
Rolls-Royce opens plant making part for Joint Strike Fighter
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows
one version of the aircraft to make helicopter-like landings.
Hillenbrand unit seeks to block imports of knockoff coffins
Hillenbrand Inc.’s Batesville unit, the largest U.S. maker of coffins,wants the trade commission to prevent Ataudes Aguilares
from selling its products in the United States and Puerto Rico.
Independent optic lab fights giants with technology
Bill Harding and his two partners in LensTech Optical, Greg Kyle and Greg Dallas, are striving to keep up with as many of
the changes in the eyeglass manufacturing business as possible. It’s a tall order for a lab with fewer than 30 employees.
State manufacturing, logistics industries get high marks
Third annual report
from Ball State University highlights concerns over whether Indiana has enough qualified workers to meet demands of the increasingly
technical sectors.
Chrysler plans $300M upgrade of Kokomo transmission plants
The automaker says the investment will help retain 1,200 jobs, pave way for production of new eight-speed transmissions.
Rolls-Royce snags $7.5 million military contract
Engineers at Rolls-Royce Corp.’s Indianapolis manufacturing facility will work for the next year to design, develop
and test an upgrade for a digital engine control the company is making for the U.S. Army’s OH-58 Kiowa Warrior helicopter.
Trailer maker Pace American could close Middlebury plant
A cargo trailer maker may close its manufacturing facility in Middlebury, potentially costing 150 workers their jobs.