Cummins lays off another 200-plus in Columbus
Cummins Engine Co. will idle 195 workers at its fuel systems plant in Columbus; another 22 workers will take voluntary leave.
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Former Visteon plant lined up for Carbon Motors
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 expects drop in 4Q earnings
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.
Espresso Book Machine could open new pages in local retailing
The pricey Espresso prints and binds books while customers wait. But retailers aren’t sure what to expect when the the machine
gains wider acceptance.
Ohio manufacturer expanding in northeast Indiana
An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana,
creating 111 jobs by 2014, state economic development leaders said Tuesday evening.
Auto parts maker to add 130 jobs in Princeton
Automotive component maker Windsor Machine Group will invest more than $4 million to establish a manufacturing facility in
southwest Indiana, eventually creating as many as 130 jobs, the Indiana Economic Development Corp. announced early Wednesday.
Calumet selling 3 million shares in secondary offering
Calumet Specialty Products Partners LP is selling 3 million shares of common stock to pay debt and to finance requirements
of an agreement with another company.
EnerDel parent receives $20M investment
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it
has received about $20 million in investment capital from a Japanese company.
Delphi to supply Allison with hybrid components
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
Cookware plant closing in Fort Wayne, idling 190 workers
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares”
plant there and let go 190 employees.
$75M investment in ExactTarget may be Indianapolis record
The amount raised since October is in addition to the $69.9 million it received in May from three venture
firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter,
according to the National Venture Capital Association.
ALTOM: It’s time to rethink reliance on PowerPoint presentations
A college administrator believes technology shifts the educational focus from the wits and wisdom of the instructor to the
bullet points in the presentations.
Ford delay extends life of east-side steering plant
A Ford Motor Co. subsidiary will start cutting its local work force next year, but won’t close its east-side plant
for good until late 2011.
Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
IT firm receives abatement for job-growth plans
Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to
create 200 high-paying jobs and invest $600,000 in new equipment.
Cummins to lay off 400-plus workers in New York
Columbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
Massive CEDIA Expo returning to city after 5-year break
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
Trailer maker plans to add 100 jobs in Peru
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
Local IT consulting firm plans to add 200 workers
Indianapolis’ largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying
jobs and invest $600,000 in new equipment.
Sale plans stall on old Clarksville Colgate plant
Negotiations have fallen through on a deal to redevelop a closed Colgate-Palmolive Co. toothpaste factory along the Ohio River.