Allison Transmission’s sales, profit surge to annual record
Allison Transmission Holdings Inc. saw sales rise 10 percent in the fourth quarter, capping a record year for the Indianapolis-based manufacturer.
Manufacturers
Articles
Rolls-Royce pursues big contract that could boost local jobs by 150
Rolls-Royce announced Monday that it intends to bid on the Air Force’s B-52 bomber re-engining program, which would extend the fleet’s life until 2050.
Hundreds of companies excused from steel tariff, analysis shows
Two Indianapolis-area subsidiaries of Japanese companies are among hundreds of firms granted permission to import millions of tons of steel without paying the hefty tariff President Trump put in place to protect U.S. manufacturers and jobs.
Indiana factory that employs more than 300 set to close
Schneider Electric said production at its factory in Peru is being shifted to other states and Mexico.
Cummins CFO to retire after 32 years with company
Retiring CFO Pat Ward will be succeeded by an internal candidate, longtime Cummins employee Mark Smith.
Local mattress maker Foamcraft enters national bed-in-a-box market
Foamcraft Inc., an Indianapolis-based foam-products manufacturer than began selling mattresses less than two years ago, plans to compete directly with online mattress behemoths such as Casper, Leesa and Purple.
U.S. new-vehicle sales unexpectedly show 2018 increase
Sales of new vehicles in the United States rose slightly in 2018, defying predictions and highlighting a strong economy.
Indiana has good corporate citizens, but improvements still can be made, panelists say
Business and political leaders at the annual Engage Indiana event stressed the importance of public and private collaborations in helping improve communities and retain workers.
Indianapolis-based Contour Hardening has new leader, huge growth plans
The small manufacturer in the niche metal heat-treating industry has a new CEO, a new outlook and plans to more than triple annual revenue in five years.
Car parts maker planning to triple workforce in Richmond
The subsidiary of Israel-based Omen Casting Group wants to boost production to help meet demand in America and Germany for its aluminum drivelines, steering components and oil pumps.
Cummins CEO: U.S. should take incremental steps to resolve trade tensions
Cummins CEO Tom Linebarger says a practical, targeted approach will work better than “carpet-bombing” China with escalating tariffs.
Restless retiree rebuilds storied speaker brand
In the little less than two years since Dave Kelley bought KLH, the company has developed more than a dozen new audio products.
United Technologies to break into three independent companies
The three companies will be United Technologies, which will house its aerospace and defense industry supplier businesses; Otis, the maker of elevators, escalators and moving walkways; and the Carrier air conditioning and building systems business.
U.S. durable goods orders show worst decline in 15 months
The Commerce Department said Wednesday that orders to U.S. factories for big-ticket manufactured goods dropped 4.4 percent last month.
Small manufacturer’s custom scents amass sizable sales
The handmade products of Indianapolis-based Ambre Blends are racking up big sales gains nationwide among high-end clientele.
Indiana casket plant with 200 workers to close in 2019
Matthews Aurora Funeral Solutions announced Friday it will close its Richmond plant and move work to two other locations.
U.S. factory production expands for fifth consecutive month
Factory output continued to grow at a solid clip, supported by a range of sectors, including metals, machinery, aerospace and furniture.
EPA plan for truck emission standards wins initial praise from both sides
The Truck and Engine Manufacturers Association, which represents Indiana-based Cummins Inc. and other engine manufacturers, said the proposal represents a chance to modernize how the agency oversees big-rig emissions.
Indiana becomes epicenter of campaign battles over Trump trade policies
Tariffs are weighing heavily on the tossup U.S. Senate contest between Democratic incumbent Joe Donnelly and Republican Mike Braun.
Cummins sees big jump in earnings, revenue in third quarter
Indiana-based Cummins Inc. on Tuesday beat expectations with its third-quarter earnings while narrowly missing revenue predictions.