Hillenbrand acquires food processing equipment business for $730M
When the deal is completed, Hillenbrand said the Food and Performance Materials business of Schenck Process will join its Advanced Process Solutions segment.
Manufacturing
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SpectronRx teams with Belgian research center to make cancer therapies in Europe
The Indianapolis-based radiopharmaceutical company said it plans to help open a facility in Belgium to make therapeutic agents for cancer patients.
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Cummins reports record 1Q revenue, raises full-year guidance
Cummins is forecasting revenue to be up 15% to 20% year-over-year, compared with its previous guidance of between 12% to 17%.
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Noblesville approves $9.5M bond, tax breaks for Bastian Solutions HQ
The company plans to create 250 jobs over the next five years in Noblesville with an average salary of $67,000 and retain and relocate 400 employees to the new corporate campus.
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College-focused Homefield Apparel finds opportunity in March Madness
The Indianapolis company specializes in selling vintage-themed T-shirts to fans of 150 universities, and surprising storylines have become a sure thing in the 68-team NCAA tournament.
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Articles
Cummins announces $153M plant acquisition from Faurecia
Cummins plans to acquire two manufacturing sites, one in its hometown of Columbus, Indiana, from France-based Faurecia.
Ford CEO: Days of being all things to all people are over
Ford CEO Jim Farley says Ford will be competing differently, going for tailored ownership experiences rather than “jockeying for slivers of market share.”
Bipartisan bill aims to require AM radio in new cars
The proposed “AM for Every Vehicle Act” arrives as more and more automakers say goodbye to AM radio in newer car models.
New cars, once part of American dream, now out of reach for many
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
Fishers firm turns old shipping containers into attainable housing
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
Emerging hardtech field offers opportunities
Indiana’s business, academic and economic development leaders see the industry as a huge opportunity for the state.
Honda outlines ambitious global strategy for electric cars
Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
GM, Samsung plan new EV battery cell factory in U.S.
The companies said they plan to invest more than $3 billion in an electric vehicle battery cell plant that is expected to begin operations in 2026.
New UAW leader already has issues with Detroit automakers
Indiana native Shawn Fain, who took office in March after workers voted to sweep out most of the union’s old leadership, listed grievances with Stellantis, General Motors and Ford in a wide-ranging talk Friday.
Drug manufacturer grows amid contracting boom
Fishers-based INCOG Biopharma Services Inc., one of the newest players in the $132 billion contract drug manufacturing industry, acts as a behind-the-scenes player for companies that need to get sterile injectable medicines to market in a hurry.
EPA car rule expected to mandate huge increase in EV sales
The proposed regulation, to be released Wednesday by the EPA, would set greenhouse gas emissions limits for the 2027 through 2032 model years for passenger vehicles that would be even stricter than goals the auto industry agreed to in 2021.
Indiana gears up to turn manure into renewable energy
Biogas is still a tiny sliver of the energy world, accounting for less than 1% of Indiana’s energy generation. But some utility experts are keeping their eye on it as a sleeper source of energy.
Samsung cutting memory chip production as profit slides
Samsung said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories.
About 5K GM salaried workers take buyouts, avoiding layoffs
The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles.
U.S. auto sales up 7.5% in 1Q despite rising loan rates
Supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. To keep sales rolling, automakers might have to offer subsidized loan rates.
Indiana native wins close race to lead United Auto Workers union
A court-appointed monitor declared challenger Shawn Fain the winner over incumbent Ray Curry. Fain’s slate of candidates won control of the big union, as workers rejected most incumbents in the wake of a bribery and embezzlement scandal.
Made in Indiana: Plastic cups by Berry Global
History: Evansville-based Berry Global Inc. is a behemoth—it has some 46,000 global employees and 333 manufacturing facilities around the world that make everything from cosmetics packaging to medicine bottles to industrial shrink-wrap. But one of its most visible products is its thermoform drink cups found at many restaurant chains. During its 2022 fiscal year, the […]
Ford says EV unit losing billions, should be seen as startup
Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. Those figures were released Thursday as Ford rolled out a new way of reporting financial results.
Pet food maker announces $200M expansion in Indiana
Pet food manufacturer Blue Buffalo Co. Ltd. plans a 169,000-square-foot addition to boost processing operations and warehouse capacity. As part of the expansion, the company plans to add up to 60 jobs by the end of 2024.