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.
Allison Transmission raises sales forecast amid ongoing pandemic recovery
The Indianapolis-based manufacturer said it expects 2021 net sales to range from $2.33 billion to $2.48 billion. That’s an improvement from the guidance the company issued in February.Read More
Policy forbidding cell phones at work not limited to FedEx
From safety concerns to productivity and data security, there are many reasons why companies may limit employee access to cell phones. Some FedEx employees said the company’s no-phone policy delayed contact with loved ones after the mass shooting on April 15.Read More
Insider alleges Lilly blocked her efforts to sound alarms about U.S. drug factory
Eli Lilly and Co. told Reuters news agency that it is working closely with the FDA to address concerns about the factory in Branchburg, New Jersey, which makes Trulicity.Read More
Hurco bounces back with profit, big sales increase in first quarter
Indianapolis-based Hurco Cos. Inc. shares jumped more than 13% Friday morning after the manufacturer reported a rebound to profitability and increased sales and orders in its fiscal first quarter.Read More
Stevanato Group, a producer of syringes, vials and glass containers, announced Wednesday it will spend $145 million to build and equip a 370,000-square-foot facility in Fishers.
The Decatur plant produces ice cream products for the Mayfield Dairy, Dean’s Country Fresh and Friendly’s brands.
The factories would be in addition to two battery cell plants that the company announced in the past two years, both geared to ramp up production as GM rolls out 30 new electric vehicles globally by 2025, with more than two-thirds sold in North America.
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Ludo Fact USA LLC announced plans Tuesday to boost operations in Lafayette, adding up to 114 workers by the end of 2024.
Bedding giant Tempur Sealy International Inc. announced Monday that it has chosen a 130-acre site about 50 miles from Indianapolis to construct what could become it largest plant.
G&H Wire Company Inc. announced Friday that it plans to invest $3.3 million to lease and equip 55,000 square feet of new corporate office and manufacturing space in Franklin.
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected.
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
President Joe Biden’s $2.3 trillion infrastructure plan calls for investments in industries such as electric vehicles and semiconductors. Critics say the plan gives the government too much involvement in decisions better made by the private sector.
The e-commerce giant said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.
Calumet said Winter Storm Uri, which brought snow and record cold across the U.S. in February, hurt production at the company’s Gulf Coast refineries during the quarter. The first-quarter losses push the company’s total losses since 2014 above $1 billion.
The company said it was able to divert precious computer chips to higher-profit models such as full-size pickup trucks and SUVs, and that brought the higher income.
April was the 11th consecutive month manufacturing has grown after contracting in April 2020, when the country was struggling to deal with the shutdowns caused by a global pandemic.
The scarcity of chips could cloud some of the pandemic recovery if it continues to hamper manufacturing in the coming months.
Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion.
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.