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.
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.
Indianapolis-based machine toolmaker’s CEO takes 63-percent compensation cut.
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.
Converting the U.S. trucking industry to natural gas will benefit manufacturers including Columbus-based Cummins Inc., T. Boone Pickens says.
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.
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
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 Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
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.
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’s Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
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 officials will consider a request by lithium battery maker EnerDel to set up operations in a business park
near Indianapolis.
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.
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.
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
