Connersville eager for Carbon Motors to rev up
The jobs can’t come soon enough for Connersville, where unemployment is at 13.8 percent.
Manufacturers
Articles
New emissions standards drive up Cummins profit
Columbus-based diesel engine maker Cummins Inc. posted its most profitable fourth quarter in company history, thanks to a
rush on engines that won’t have to conform to new emission standards.
Haynes pays CEO almost twice as much as predecessor
CEO Mark Comerford’s $1.46 million in total compensation in fiscal 2009 was nearly double Francis Petro’s pay the previous
year—even though the company’s revenue dropped 31 percent in the same period.
Bicycle-components manufacturer adding 105 jobs
Zipp Speed Weaponry said it will create 105 jobs by 2013 and invest $12.4 million in a new manufacturing plant in Indianapolis
to make its high-end bicycle components.
Steep sales decline forces Hurco to slash executive pay
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.
Two companies set to make major local expansions
Express Scripts Inc. on the west side of Indianapolis and Zipp Speed Weaponry in Speedway are scheduled Wednesday afternoon
to announce the
creation of hundreds of new jobs.
Pickens’ natural-gas plan may prove boon to truck builders
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
EnerDel has more deals in the works
Lithium battery maker EnerDel will need more business than its existing relationships with Think and Volvo to justify the $237 million investment
it announced Thursday.
EnerDel hopes to hire 1,100 at new manufacturing plant
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Indiana businesses are welcoming investment from China
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
EnerDel in line for $3 million grant
Battery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its
facilities on the north side of Indianapolis and in Noblesville.
Knauf fills new CEO position
Knauf Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.
Car-seat manufacturer plans Columbus expansion
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
Gunite Corp. cutting 100-plus jobs at Elkhart plant
Beleaguered Elkhart took another hit this week when Illinois-based Gunite Corp. announced plans to move 110 manufacturing
jobs to Rockford, Ill., and Brillion, Wis.
Cummins gets $54M to improve fuel efficiency
Columbus engine
maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly
increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.
Alcoa plant in Indiana plans up to 145 layoffs
Alcoa’s Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
Factory orders unexpectedly jump 1.1 percent
The advance was double what had been expected and provided further evidence that manufacturers are beginning to pull out of
their steep slump.
Hancock County to consider battery plant proposal
Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park
near Indianapolis.
Rolls-Royce bags $160M military contract
Rolls-Royce Corp.’s Indianapolis operations will manufacture 78 turboshaft engines for U.S. Navy and Air Force helicopters
under the terms of a mammoth $160.6 million military contract.
Hurco posts quarterly, yearly losses
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco’s products.