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.
Manufacturing
Articles
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.
German auto parts maker plans Indiana expansion, 120 hires
ElringKlinger intends to add $20.6 million in manufacturing, logistics and information technology equipment to its Fort Wayne plant.
U.S. poultry industry expanding as Americans eat more chicken
As if Americans didn’t have enough chicken on the menu already, production of the nation’s most popular meat is headed for the biggest growth spurt in more than a decade.
Cummins reports strong quarterly sales growth
The Columbus-based engine maker saw fourth-quarter sales jump 22 percent, but it ended up posting a loss because of charges related to tax reform.
Jeffboat says 2nd round of layoffs to trim 226 workers
It’s the second round of layoffs announced at Jeffersonville-based Jeffboat in the past few months.
Sun King plans specialty brewery, taproom at Yard in Fishers
Sun King Brewing Co. has downsized a previous plan to build a major brewery and tasting room in Fishers. It instead plans to open a smaller facility at The Yard at Fishers District that includes culinary incubator space for the overall development.
U.S. government proposes new rules for hog slaughter
The controversial rule changes would have an impact in Indiana, which is the country’s fifth-largest pork producer.
Sony disc plant in Indiana to eliminate about 375 workers
A company official said the changing home-entertainment market has taken a toll on the plant, which manufactures movies and video-game discs.