EnerDel parent lines up more financing
The parent company of lithium-ion battery maker EnerDel Inc. has raised another $65 million to help finance operations and ramp up its manufacturing operations in the Indianapolis area.
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Delphi plans Kokomo lab as part of $25M project
The new engineering lab and a smaller utility building will help consolidate all of Delphi’s 1,400 employees in Kokomo.
RV maker buys northern Indiana plant to build luxury trailers
Thor Industries subsidiary Redwood RV announced Tuesday its purchase of a factory in Syracuse that was formerly owned by Ameri-Camp
RV, which shut down in 2008.
Herff Jones buys globe maker Replogle
Replogle is one of the world’s largest globe manufacturers and dates to the 1930s. The company as of 2004 had 225 employees
and sales of $18 million.
Is University Loft’s rival going on attack again?
The Greenfield furniture-maker has an acrimonious history with California-based Furniture by Thurston.
JD Norman boss stumps for UAW to reconsider contract
The owner of Illinois-based JD Norman Industries came to Indianapolis to make a personal plea for United Auto Workers Local
23 to allow a vote on his proposed five-year contract.
Hybrid-motor sales help boost Remy’s quarterly results
Pendleton-based company reported both higher profit and revenue, helped by a 20-percent increase in hybrid-motor sales.
UAW halts vote on giveback deal at Indy GM plant
UAW Local 23 bargaining chairman Gregory Clark says members won’t vote on the proposed contract, which would cut base wages from $29 per hour to $15.50.
GM plant offer sets off union power struggle
The UAW in Detroit said Local 23 will vote Monday on Illinois-based JD Norman's proposal to buy an Indianapolis stamping
plant where more than 600 work, but a local rep says workers don't want to negotiate.
Remy to supply motors for all-electric Equinox
Remy International on Tuesday signed a contract with Cincinnati-based Advanced Mechanical Products Inc. to supply motors
for
an all-electric version of the Chevrolet Equinox.
Slumping chocolate firm hopes to recapture early momentum
Endangered Species Chocolate, which saw growth spike from 2005 through 2007, lost 20 percent of its revenue in 2009. Sales
dropped from $14 million in 2008 to $11 million last year. New Curt Vander Meer has plans to bring the company back to its
former glory, one chocolate bar at a time.
Local manufacturer Deflecto lives to see 50
Customers intervened to keep inventor of bicycle reflectors, dryer vents from going out of business.
Indiana company planning hybrid van gets GM backing
Anderson-based Bright Automotive is getting a boost from a $5 million investment by General Motors’ new venture capital arm.
Hillenbrand profit falls on acquisition costs
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
Calumet see smaller loss in second quarter
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Cummins’ profit rises on strong overseas sales
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246
million.
Federal agents’ raid hits University Loft at tough time
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two
weeks ago. Still, University
Loft’s work force is almost 50 percent off its recent peak.
Gas City close to deal with furniture maker
The Gas City council has approved granting up to $2.5 million in economic revenue bonds for Echelon Furniture Inc. to locate
in a plant that Amcast Automotive shut down in 2006.
Rolls-Royce snags $70M contract to service Canadian fleet
British firm’s Indianapolis manufacturing facility will provide engine management and repair services, as well as logistics
and on-site technical support for Canadian military transport aircraft.