Cummins delays return-to-office plans until early 2022
The engine maker confirmed Wednesday it is pushing its return-to-office timeline to early next year as COVID-19 infections and hospitalizations surge in Indiana and the nation.
Manufacturers
Articles
Record year expected for northern Indiana’s RV industry
A forecast released by the RV Industry Association projects a record shipment of about 580,000 vehicles this year, an increase of 34% from 2020 and 14% more than the previous highest mark in 2017.
Major Tool and Machine acquired by Maine-based company
One of the largest and oldest manufacturers in Indianapolis has been sold to a Maine-based company with multiple divisions in the United States and Canada, the companies announced Tuesday.
GM extends recall to cover all Chevy Bolts due to fire risk
The recall and others raise questions about lithium ion batteries, which now are used in nearly all electric vehicles. Ford, BMW and Hyundai all have recalled batteries recently.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Supply-chain squeeze contributes to 2Q loss for Calumet Specialty
The Indianapolis-based manufacturer posted a $78.4 million loss in the second quarter.
Elanco shares plunge 15% after mixed full-year outlook
Shares of the Greenfield-based maker of animal feeds and vaccines dove after the firm warned that it’s facing inflationary pressures, increased logistics costs and other headwinds.
Food giant Tyson to require vaccination for all U.S. workers
In a memo to employees, CEO Donnie King expressed alarm over the rise of the more contagious delta variant and made clear the vaccine requirement was needed to overcome persistent hesitancy to get the shots.
Rolls-Royce, Purdue to make ‘major investment’ in Indiana testing facilities
The multimillion-dollar project, in partnership with Purdue University and the Purdue Research Foundation, will expand aircraft engine testing facilities in both West Lafayette and Indianapolis.
Gun maker offers $33M to settle suit by Sandy Hook families
The settlement offers were filed a day after a judge denied Remington’s request to dismiss the lawsuit.
Cummins launches water-access program with $8M commitment
The new program, Cummins Water Works, will focus on improving access to safe water in the U.S., Mexico, Brazil, India and South Africa.
Conexus Indiana hires innovation-focused executive as its new president, CEO
Conexus’ new president and CEO, Fred Cartwright, has held a variety of innovation-focused leadership positions in the manufacturing industry, including at Allison Transmission, General Motors and an automotive research facility affiliated with Clemson University in South Carolina.
Stellantis: 98% of its vehicle models to be electric or hybrid by 2025
The company that combined Fiat Chrysler and Peugeot is developing four fully electric vehicle platforms with ranges from 311 miles to 497 miles, it said.
Australian biopharma firm planning to hire 20 at U.S. headquarters in Fishers
The radiopharmaceutical developer and manufacturer is the latest in a string of life sciences firms that have announced plans to grow operations in Fishers.
Rolls-Royce confirms plans to consolidate downtown office space
Citing multiple sources familiar with the project, IBJ first reported on the company’s overall plans June 17. Rolls-Royce said Monday that it does plan to vacate two of the three buildings at the Meridian Center campus, but said it would continue to occupy a different building than earlier reported.
Some used vehicles now selling for more than original sticker price
In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That’s created many crazy situations where high-demand vehicles are selling for more than they did when they were new.
2021 Indiana 100: Tech, younger customers key to RV maker’s growth
Bob Martin is the head of Thor Industries, one of the biggest publicly traded companies in Indiana and, instead of resting on his laurels, he’s creating technology-oriented executive roles within his company and looking to make big technological advancements in Thor’s products.
2021 Indiana 100: Vera Bradley exec marries creativity, business needs
She started at the company as vice president of design and is now chief creative officer, meaning she oversees the brand’s signature product designs and works closely with the product development and technical design teams.
Panelists: Companies can make supply chains more resilient to disruption
Companies that map their supply chains can gain insights into where its various tiers of suppliers are located, the relative importance of each supplier and other critical data points, industry experts said at an IBJ event Friday.