Rise in internet-connected devices creates new cybersecurity concerns
Aerospace and defense companies are working to thwart digital attacks from several sources and expect huge demand for workers in the field.
Manufacturing
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Toyota Industrial plans $17.5M expansion of forklift plant
The company, which makes forklifts and other material-handling equipment, announced Tuesday that it will add 150,000 square feet to its complex, bringing the total to 1.3 million square feet.
Subaru recalls more than 33K cars to fix engine stalling problem
Subaru is recalling the cars in the U.S. because a fuel problem can make the engines stall without warning.
U.S. industrial production rises as utility output surges
Meanwhile, a closely watched gauge of manufacturing posted its first setback in seven months as auto production dropped sharply.
Big bakery meets early goals, plans $16.5M in new equipment
Fast-rising CraftMark Bakery wants to sweeten its investment and hire 32 more workers by expanding production capacity at a $75 million headquarters and manufacturing facility built in 2014 in Indianapolis.
Indianapolis furniture manufacturer relocating to Whitestown
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
Forklift maker to open second Greencastle plant, add 100 jobs
Crown Equipment Corp., which came to Greencastle more than 20 years ago, added a facility in New Castle in 2011 and now has 850 full-time workers in the state.
China auto-parts maker to build $80M plant in Greenfield, hire 441
A Beijing-based manufacturer of brake and suspension systems has chosen the Indianapolis area as the site of its first U.S. production facility.
Rejected e-liquid manufacturer gets license in vaping case
A company that sued over Indiana’s unconstitutional vaping licensing law will get an Indiana permit to manufacture e-liquids, and taxpayers will pick up the legal fees for its trouble, a judge ordered Monday.
Cummins, Eaton planning $1.2 billion joint venture
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
Fishers-based quality-control firm plans to add 250 workers
Stratosphere Quality, which inspects parts and helps manufacturers eliminate defects, said that it will invest $3.7 million to expand its headquarters at 2024 Exit Five Parkway.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
Supreme Court weighs possible curb on patent suit locations
The justices Monday heard arguments in a case involving Carmel-based flavoring maker TC Heartland that could end the reign of the Eastern District of Texas, which handles more than a third of all patent suits in the United States.
High-profile Carrier incentives deal unusual for Indiana
The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana because it doesn’t involve job creation.
UPDATE: Lilly to invest $85M in Indy as part of diabetes expansion
The expansion at the Lilly Technology Center southwest of downtown is part of an $850 million investment the company is making this year in its U.S. research labs, manufacturing plants and other operations.
Hoosier inventor’s foundation gives UIndy $5M to start engineering school
The university said the gift from the R.B. Annis Educational Foundation “will advance the university’s strategy to address Indiana’s increasing demand for skilled engineers and STEM-related professions.”
U.S. manufacturing production rises for sixth straight month
Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports.
Inspection firm grows with changing auto industry
Steve Cage started a quality-control business focused on the automotive industry near the peak of the Great Recession. In 2009, the company made $8 million in revenue. In 2016, revenue hit $122 million.
City seeks clawback of tax incentives from filter-maker GVS
The manufacturer landed the local tax incentives in 2006, then closed its Indianapolis plant in 2015.
Council panel OKs $148K to fund ‘economic recovery coordinator’
The person hired for the position is expected to help workers from Carrier Corp. and Rexnord Corp. who are about to lose their jobs—along with trying to help revitalize old industrial sites.