Q&A: Allegion Ventures president focuses on fostering innovation
Rob Martens oversees a new $50 million venture capital fund, investing in early-stage companies focused on innovative technologies and products in the security field.
Manufacturing
Articles
Local distillery raises $2M, beefs up exec team for expansion plan
Hotel Tango Artisan Distillery said the investment funds will be used for a multistate distribution expansion and strategic brand-marketing support.
High-end tool maker expanding again in Lebanon, adding 65 jobs
Headquartered in Lebanon, Festool USA plans to add 80,000 square feet to its existing facility and has received tax incentives for the project from both the city and state.
Closures of auto-parts factory, bus plant to eliminate 170 jobs
The two manufacturing facilities in northern Indiana plan to end operations in August and April, respectively.
U.S. factories register another month of faster-than-expected growth
U.S. factories are on a 22-month winning streak, according to the Institute for Supply Management’s manufacturing index.
Lawsuit alleges Hormel, Tyson, other companies inflated pork prices
A federal lawsuit filed Thursday in Minnesota alleges the companies colluded to inflate consumer pork prices on such popular products as Ball Park Franks, Spam and Hillshire Farm.
Indiana-based steel firm to spend more than $230M on Mississippi plant
Steel Dynamics plans to upgrade its northeast Mississippi steel mill and add 45 jobs at the plant.
Steel pipe company CEOs push for waivers from Trump’s tariffs
The Commerce Department has been deluged with requests from 20,000 companies seeking exemptions from tariffs on steel, aluminum and other goods.
UPDATE: Cummins loses out on GE’s industrial-engine business
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Investigators expand list of states potentially affected by melon recall
As it continues to investigate a salmonella outbreak linked to pre-cut melons from an Indianapolis-based fruit distributor, the U.S. Food and Drug Administration has added 15 states to the list of potentially affected states.
Indianapolis consulting firm acquired by Cincinnati company
Indianapolis-based Allegiant International has seen tremendous growth in recent years thanks to its supply-chain work with General Motors.
Rolls-Royce preparing to cut 4,600 jobs across the world
About 3,000 of the cuts will affect United Kingdom employees. The company has about 4,000 employees in Indianapolis.
Converse farmer embracing role as hemp pioneer
Healthy Hoosier Oil in Miami County makes culinary oil from sunflower and canola seeds. But someday, the product mix might include hemp oil.
LETTER: Fight against opioids boosts manufacturers
It is evident that the opioid epidemic is pushing a record number of Hoosiers to the sidelines of society and out of the workforce.
Indiana cabinet maker closes Alabama plant with 445 workers
Employees and officials criticized the abrupt closure, which came without prior public notice and was announced to employees at 10 a.m. Tuesday.
Honda, GM to develop electric vehicle batteries together
The companies will collaborate based on GM’s next-generation battery system, both sides said, mainly for the North American market.
Manufacturer of super-fast car moves onto Purdue campus
British carmaker Keating Supercars plans to produce the latest generation of its car, the Viperia Berus, on the West Lafayette campus. The car can travel more than 240 mph and is anticipated to sell for $180,000 to $250,000.
Cummins a finalist to make $3.5B acquisition from General Electric
GE is moving closer to a sale of its industrial gas-engine business for more than $3.5 billion after narrowing the list of bidders to a short list that includes Cummins, sources say.
National manufacturing production, hiring picks up pace
Sixteen of 18 manufacturing industries expanded in May, led by textile mills and producers of nonmetallic minerals.
Custom parts maker buying Park 100 building, adding employees
The four-year-old company that specializes in motorsports, defense and consumer products is moving from Pittsboro.