Pizza dough plant with 62 workers set to close
San Antonio, Texas-based C. H. Guenther & Son Inc. said it plans to close its Frozen Ventures facility in Indianapolis “for business reasons.”
San Antonio, Texas-based C. H. Guenther & Son Inc. said it plans to close its Frozen Ventures facility in Indianapolis “for business reasons.”
Subaru of Indiana Automotive plans to spend $140.2 million to expand its plant in Lafayette and add as many as 1,200 workers before the end of 2017, the company announced Monday morning.
Subaru has announced plans to produce a new SUV in Lafayette that will be exclusive to the North American market.
Subaru, which employs thousands of workers in Indiana at its Lafayette plant, may sell more than 600,000 vehicles in North America in 2015, five years ahead of its mid-term plan.
The plant in Winchester, east of Muncie, has been the North America branch for Japanese manufacturer Marujun since 1999. The closing process will begin next month and finish late next year.
NTN Driveshaft Inc. plans to spend about $140 million on building and equipping the factory where it will make velocity joints for the automotive industry.
Toyota has about 1,100 workers in the manufacturing facility, along with about 175 people working in sales, marketing and distribution.
The company makes entry doors and security products that almost everyone has used but the company remains not that well known.
Exports are contracting, partly because a strong dollar makes U.S. goods more expensive.
Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, while business investment rebounded after two months of declines.
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.
The east-side apparel factory could lose about one-fourth of its business when its NBA contract expires in 2017, industry experts said. But Adidas officials are confident there will be no layoffs to the local staff of 1,100.
More than 80 budding engineers will build and work with machines as part of a new program designed to give students experience in manufacturing.
Manufacturing has been hurt the stronger dollar, higher oil prices reducing equipment orders and activity at refiners, and previously by cold winter weather at the start of the year.
The former Indianapolis Varnish Co. had sales last year of more than $100 million. IVC has more than 300 employees at five manufacturing plants in Indiana, Michigan, Georgia, Arizona and China.
Manufacturer Freudenberg-NOK Sealing Technologies plans to spend $20 million to expand its plant in Morristown, creating up to 75 jobs by the end of 2019, the company said Thursday morning.
Subaru, which has thousands of workers in Indiana, has never seen so much demand from car buyers. But making big moves to boost output could hurt the very thing that customers love about the automaker—its smaller size.
The pickup in factory activity suggests the economy is improving modestly after a sluggish start to the year. Still, growth remains slow, held back by a range of factors.
Optical Disc Solutions Inc. will close its doors at the end of June, idling nearly 40 workers.
In the 1920s, Indianapolis was one of the most innovative cities in the nation. But after “the dark tragedy of the roaring twenties,” Indianapolis lost its edginess for decades and only recently has begun to regain it.