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.
Manufacturers
Articles
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.
Allison Transmission tops expectations with quarterly report
Allison Transmission Holdings Inc. raised its guidance for the rest of the year after reporting solid sales and profit growth in the third quarter.
Packaging manufacturer plans $106 million plant in Lebanon
A British company with packaging plants around the world plans to build a 550,000-square-foot manufacturing facility just southwest of Interstate 65 that will employ 140.
Auto industry supplier plans $90 million Indiana expansion
A Japan-based automotive industry supplier plans to spend $90 million to expand its manufacturing operations in Indiana, the company announced Tuesday.
Manufacturer closing Muncie firm, laying off 130 workers
Less than three years after acquiring a manufacturer of metal components with operations in Muncie, JD Norman Industries Inc. has decided to close the facility and terminate its 130 employees in December.
Three small manufacturers to add more than 100 jobs in central Indiana
Companies that brew tea drinks, pop-up campers and jewelry in central Indiana are among 22 manufactures that announced plans Friday to locate or expand their operations in the state.
Republic Airline exec: Industry’s pilot shortage has wide-ranging implications
The ongoing pilot shortage has multiple causes and will require multiple solutions, said speakers at the Aerospace & Defense in Indiana breakfast event Thursday.
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
Hurco shares jump after manufacturer reports record sales
Quarterly sales in Hurco’s European region rose to $44.1 million, a 31 percent jump over the same period of 2017.
U.S. factories continue to report solid growth
The Institute for Supply Management said U.S. factories grew at a faster pace in August as American industry continued to show robust health.
Calumet Specialty’s new CEO giving it second lease on life
Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.
Cummins rakes in record revenue, exceeds Wall Street expectations
The Columbus-based engine manufacturer posted revenue of $6.13 billion in the second quarter, up 21 percent from the same period of 2017.
Allison Transmission beats forecasts with record quarterly revenue
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
U.S. firms seeking tariff waivers accuse steel makers of false information
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.