U.S. durable goods orders rise at fastest pace since June
Led by a surge in demand for commercial aircraft, U.S. orders for long-lasting manufactured goods rebounded in February.
Manufacturing
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Soup maker answers call for locally made goods
Lisa Sprunger founded frozen-soup company Urban Ladle in the kitchen of her north-side home, nurturing it into a line of seven frozen soups sold at various, mostly Indiana, retailers.
Kelley School launching manufacturing research center at IUPUI
In addition to conducting research, the IU Kelley School Center for Excellence in Manufacturing is expected to “provide strategic and leadership training” for MBA and undergraduate students.
Indiana craft beer industry paying attention to Trump tariffs
The tariff will result in higher prices for the metal used in beer cans. Brewers might have to consider bottling some beers if aluminum prices become too high to absorb.
UPDATE: Manufacturer SMC planning $68M expansion in Noblesville
The largest private employer in Noblesville is planning a mammoth new facility and dozens of new jobs at its North American headquarters campus.
Lebanon manufacturer planning $5 million expansion
The company said it would spend $1.3 million to build a 19,000-square-foot addition and another $3.65 million to equip it.
Food processor to hire 100 more workers in Indiana
SugarCreek Packing Company announced Wednesday that the new hires would be made by late June 2019, boosting the plants workforce to about 500 workers.
Memory Bank: Mallory factory whirs with activity in 1943
At its height in the 1960s, the P.R. Mallory building on Washington Street had 1,500 workers.
New Carmel-based venture fund to invest $50M in security products, technology
The fund, launched by the security-products company Allegion Plc, plans to pursue investments globally. But a spokeswoman said, “Indianapolis' thriving tech industry makes this the perfect time and place to launch the tech-focused fund.”
Carmel-based Splenda maker to relocate headquarters, add jobs
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
Manufacturer plans $72 million plant, 89 jobs in Lebanon
The company that makes the water-soluble film used to create products such as Tide Pods and Cascade ActionPacs plans to break ground on the 150,000-square-foot manufacturing plant this summer.
New Conexus CEO wants Hoosier businesses to embrace cutting-edge technology
Former Angie’s List COO J. Mark Howell is looking for ways to help the state’s advanced-manufacturing and logistics industries navigate a changing technology landscape.
Chicken reaches Americans’ tables at cheapest prices in decade
The average retail price for chicken breast fell in January to its lowest level since the Bureau of Labor Statistics began collecting the data in 2006.
Kitchen equipment maker plans $7M renovation, 75 jobs
The city’s Metropolitan Development Commission on Wednesday approved a personal property tax abatement to support CaptiveAire Systems Inc.’s expansion plan.
Robust international sales give Cummins big boost
The company said demand for medium- and heavy-duty trucks in China increased 40 percent in 2017, in part because government enforcement of vehicle-overloading regulations accelerated truck replacements.
GE engine factory in Lafayette feeding roaring global demand
The Lafayette facility—along with factories in Durham, North Carolina, and France—produces the LEAP, a brand-new engine that GE says has the distinction of being the fastest-selling jet engine in commercial aviation history.
Small, midsize Hoosier companies increasingly jumping into exporting
In central Indiana, 90 percent of companies sell to domestic customers alone, meaning they are missing out on 80 percent of the world’s buying power.
Indy-area manufacturer of metal components buys similar firm in Floyds Knobs
With the addition of NetShape Technologies, Westfield’s Metal Powder Products has 1,200 employees in the U.S. and China and annual sales of $200 million.
Allison Transmission reports big jumps in profit, revenue
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Fed rate hikes squeezing even the nation’s hottest automaker
Subaru Corp., the only car manufacturer to boost U.S. sales every year in the last decade, is continuing to offer cheap financing on models even as rates rise, pinching margins in a plateauing market.