Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that the key sector is starting to revive.
The world’s largest manufacturer of automobile emission-control systems plans to expand its North American headquarters in Columbus, adding 131 workers by the end of 2017, the company announced Wednesday.
The company plans to invest $7.7 million in its Greenfield factory, which will lift production to an estimated 1.2 million power tools annually.
Magnetation LLC, which operates a massive iron ore pellet plant in Indiana, has filed for bankruptcy. The company announced plans for the Reynolds plant in late 2012, saying it would spend as much as $350 million on the facility and create up to 100 jobs there by the end of this year.
Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. In further good news, orders in a key category that tracks business investment plans eked out a 0.1-percent rise.
The defense contractor is on the cusp of investing hundreds of millions of dollars to modernize its Tibbs Avenue factory, Rolls-Royce officials revealed Tuesday at IBJ's aviation and aerospace event.
The company, which entered the Indianapolis market in 2010, said it doesn't know how the bacteria was introduced to its facilities.
Edsal Manufacturing Co. Inc. announced plans Thursday to expand to northwest Indiana, a move that comes as a longtime job-poaching rivalry between the two states appears to be intensifying.
The Federal Reserve said Wednesday that industrial production—which includes factories, utilities and mines—slid 0.6 percent in March, the biggest drop since a 1.1-percent drop in May 2009.
Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.
An Italian wind turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.
Opflex Technologies LLC, a manufacturer of specialty foam products, is in discussions with city officials to move its headquarters from St. Johnsville, New York, to the northeast side of Indianapolis.
A half-mile long and more than a million square feet in size, the former BorgWarner Automotive plant is a fading landmark in Muncie where more than 5,000 used to work. Today, the building is on sale for $1.75 per square foot.
The corner of Brookside Avenue and 10th Street, just off Massachusetts Avenue, could soon be the center of what city planners hope is a model to address industrial blight.
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
The Fort Wayne-based maker of handbags, luggage and accessories said Tuesday it will close the factory May 9 unless business conditions require earlier action.
The owners of more than 20 polluted industrial sites in Indianapolis are hiding behind the legal protections of a state-run voluntary program to delay cleanup, Mayor Greg Ballard alleges in a letter to state regulators.
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly.
Company spokeswoman Courtney Boone said the Pittsburgh-based steelmaker plans to talk with affected workers and the United Steelworkers union about whether they will be transferred or laid off.
American Stair Corp. plans to invest $2.9 million to purchase, renovate and equip a 60,000-square-foot plant. State officials are offering $1.7 million in tax incentives.
