Georgia manufacturer plans to close Plainfield facility
Southwire Co. LLC plans to shut down its customer service center in Plainfield by mid-year, putting 50 employees out of work.
Manufacturing
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Work might start this year on delayed $2.7B fertilizer plant
The Posey County Economic Development Partnership said the project will have a big economic impact, creating more than 2,500 construction jobs and about 200 permanent positions at the plant.
Caterpillar closing 5 plants, cutting 670 jobs
The cuts over several states are part of a larger cost-saving campaign announced last year. They’re expected to affect operations in Indiana, where Caterpillar employs about 3,000.
Not everyone in tech wants venture cash
It’s immensely difficult for tech firms to quickly build and sell technology software or hardware without a sizable venture war chest. Nevertheless, at least a few central Indiana firms have managed to grow at a healthy pace without trading equity stakes for cash.
Baggott, partners sell Indiana food startup Husk
ExactTarget co-founder Chris Baggott and two business partners have sold Greenfield-based food startup Husk LLC, nearly three years after starting it, shifting their attention to a farmers market website.
Factory employing 700 workers to get reprieve
An auto parts factory near Muncie that was slated to close later this year won’t be shutting its doors after all.
Dental claims processor plans to add more than 150 workers
Renaissance Electronic Services said it will invest $14.9 to expand five existing Indianapolis facilities and a new location in the former Gerdt Furniture store in Southport.
Denver Hutt’s family, friends aim to launch namesake fellowship
The “Hutt Fellowship” would be one of the first moves aimed at establishing an enduring legacy for the well-known entrepreneurism guru who died Saturday at 28.
Angie’s List hires ad firm that created Progressive’s Flo
Angie’s List Inc. is rejiggering its marketing strategy, a move that includes hiring a new branding agency to help get the home-services giant growing rapidly again.
Assertive analyst takes Klipsch owner to woodshed
The stock market value for Voxx today is just $118 million—far less than it paid just for Klipsch, one of a long list of acquisitions it made dating back a decade.
Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Indiana University gets $5M to lead cybersecurity center
IU's Center for Trustworthy Scientific Cyberinfrastructure will help solve the computer and software security challenges facing the National Science Foundation.
U.S. industrial production declined again in December
American industry is struggling even as the overall economy appears solid. In December, utilities reduced output amid unusually warm weather and energy firms cut back in the face of falling oil prices.
Carmel-based Stratice aims to be Amazon of health care
Carmel-based Stratice Healthcare LLC wants to take the concept of electronic prescribing for drugs and extend it to most of the rest of the health care system.
Honda to move CR-V production to Indiana assembly plant
Honda Manufacturing of Indiana announced the SUV will join the Civic sedan in being assembled at the Greensburg plant. Honda said the move coincides with ending production of the CR-V in Guadalajara, Mexico.
Hurco posts profitable quarter, year despite currency woes
The Indianapolis-based company, which makes computerized machine tools for the metal-cutting industry, said Friday morning that it would have had a record-setting year if it hadn’t been for the negative impact of currency translation.
Alcoa to close Indiana smelter, cut 600 workers
Alcoa Inc. said it will permanently close its Warrick Operations smelter, one of the largest aluminum smelting facilities in the world.
84 Lumber to add manufacturing facility, 100 jobs in Franklin
The building materials supplier plans to invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road.
U.S. manufacturing slows at fastest pace in six years
Struggling overseas demand and declines in commodity prices that are hurting investment in energy and agriculture continue to limit orders for American manufacturers.
Hillenbrand buying valve-maker for $132M
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.