Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
The good news continues for Rolls-Royce Corp.’s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army’s OH-58D Kiowa reconnaissance helicopters.
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
Rolls-Royce Corp. said Monday that the U.S. Air Force has awarded its Indianapolis operations an $8.5 million contract to
provide spare engine parts for the C-130J military transport aircraft.
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in
southeast Indiana, creating more than 350 new jobs by 2012.
Benchmark Products Inc., a local manufacturer of metal-finishing chemicals, will combine with a Bedford, Ohio, company and
keep its headquarters and production in Indianapolis. The combined company will be renamed Asterion LLC.
Marietta, Ga.-based Graphic Packaging International Inc. has notified the state that it will cut 118 jobs by closing its plant in Fort Wayne.
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than
$1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
Harley-Davidson has announced that a Kentucky location is the only one it will consider if it decides to relocate its York,
Pa., motorcycle plant, eliminating a site south of Indianapolis from contention.
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting in the loss of 118 jobs.
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.
Enginemaker Cummins Inc. is temporarily adding a second production shift at its MidRange Engine Plant south of Columbus, recalling
as many as 270 workers who had been laid off or transferred to other facilities when it was idled in May.
Caterpillar Inc. plans to lay off about 100 workers from an Indiana engine plant where it has already cut hundreds of jobs.
Indianapolis-based Hurco Companies Inc., a computer control and software maker, said Thursday that James D. Fabris will resign
as president and chief operating officer as of Oct. 31.
