Westfield metal-products manufacturer sold to New York firm
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
It’s been an applause line for Donald Trump throughout his presidential campaign, and he came back to the topic several times during his speech at the Indiana State Fairgrounds.
The brewery is embarking on a project that will enable it to nearly double production and begin distributing throughout Indiana.
Indiana Composites, a fledgling maker of fiberglass components for the boating, RV and specialty vehicle markets, plans to buy, renovate and equip a 75,000-square-foot manufacturing facility.
The money recovered from Carrier Corp. and its parent firm equals the amount the city provided in tax incentives in 2011. The company also has returned $380,000 to the state.
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
Sensient Flavors LLC, which battled regulators for years over safety issues, plans to permanently close its plant at 5600 W. Raymond St., ending employment for 86 local workers.
Alcoa has marked the final day of aluminum manufacturing at its Warrick County plant in Indiana. The location had been operating since 1960.
Economists saw the big decline in durable goods orders as evidence that the manufacturing sector remains under pressure.
The United Technologies Electronic Controls plant that is moving operations to Mexico is Huntington’s largest employer.
Alcoa said the number of planned layoffs at its Warrick Operations have been reduced from an estimated 600 to about 325.
Factory activity in February shrank less than predicted as gains in new orders and production provided signs that the beleaguered industry could soon stabilize.
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
The officials say the company should meet with them and come up with a “pragmatic” solution.
U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July.
A union leader said he'll try to put outside pressure on a company to reverse its decision to shut down a 1,400-worker factory in Indianapolis and move production to Mexico.
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
Indiana economic development officials say they will seek to recapture some of the $530,000 in incentives taxpayers have given United Technologies Corp. and its subsidiary Carrier Corp., which combined will lay off 2,100 people in Indiana and send the jobs south of the border.