Centrifuge company plans to boost workforce in $2M local expansion
Dexter, Michigan-based Trucent plans to add nearly a dozen workers and more than double the size of its CentraSep operations in Noblesville by early next year.
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Novartis unit to build plant for targeted cancer drugs in Indianapolis
A subsidiary of Swiss drug giant Novartis AG announced plans Tuesday to build a targeted radioligand therapy plant at Purdue Research Park near Indianapolis International Airport.
Segway, popular with police but not the public, hits brakes
Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.
Cummins to form joint venture with hydrogen storage company
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
U.S. industrial production bounced back 1.4% in May
American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll.
Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
Novelty-products firm BigMouth falls silent after years of hype
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
New institute may distribute $4M to manufacturers adopting smart technologies
The grants would lower barriers that manufacturers face when they try to digitize their operations by incorporating 3D printing, wireless infrastructure, energy resilience equipment, industrial internet-of-things sensors, cybersecurity and other smart technologies.
Engine maker Rolls-Royce cutting 9,000 jobs as aviation reels
It doesn’t appear as if those cutbacks will have a significant impact on Indianapolis, where Rolls-Royce employs about 4,000 people.
Italian steel firm to build $15M North American HQ in Indiana, hire 100
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.
Industrial production plunged unprecedented 11.2% in April
American industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009.
Taiwan company to build $12B semiconductor factory in United States
A Taiwan-based maker of silicon chips plans to build an advanced semiconductor factory that will create more than 1,600 high-tech jobs, officials announced Thursday.
Trump: Virus shows supply chains should be moved from China
President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, as he blamed that country anew for not doing enough to slow the pandemic.
Saab hires Hoosier native to lead high-tech facility at Purdue’s Discovery Park
Indiana native and Purdue graduate Robert Ulibarri, 37, has been named general manager for Saab’s aerospace facility in Discovery Park, where he will lead the advanced manufacturing and production for aerospace systems.
Allison Transmission sees first-quarter profit, revenue decline
The Indianapolis-based manufacturer took a blow in the first quarter due to the pandemic, but still turned in results that exceeded analyst expectations.
U.S. manufacturing sees April decline as pandemic takes toll
The news was bad across the board: Production, new orders, hiring and export orders all fell faster in April than they did in March.
Allison Transmission lands $162M government contract, cuts 272 jobs
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
Q&A with Susan Murray Carlock, Mursix Corp. co-owner
Mursix is producing 500,000 face shields a week. Buyers include hospitals, the state of Indiana and nursing homes.
Factories’ new reality: Temperature checks, sanitizing, face masks
From production routines and work schedules to health screenings and visitor policies, Hoosier manufacturers say COVID-19 has forced them to rethink how they operate.
Allegion sees quarterly profit tumble due to COVID-19-related costs
The security-products maker, whose North American headquarters are in Carmel, exceeded analyst expectations despite a $96.3 million impairment charge because of COVID-19-related uncertainty.