Indiana’s nation-leading steel production up 5 percent
The American Iron and Steel Institute said Indiana was the top steel-producing state for the 42nd straight year during 2016.
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New use hoped for polluted area parts plant
The site in Noblesville has gone unused since Bridgestone Firestone closed its 300-worker air-spring manufacturing plant in 2009.
Hurco reports profitable quarter on higher revenue
Hurco said the overall rise in sales was “primarily attributable to an increased sales volume of vertical milling machines from all product lines.”
U.S. auto sales drop for fifth straight month
Economic fundamentals all look good, but sales still are likely to fall this year because pent-up demand for new cars has been satisfied and many people have decided to keep their automobiles longer.
U.S. factories report faster growth in monthly report
American factories grew at a slightly faster pace in May, another sign that manufacturing remains healthy.
Five ways IoT, innovation will change the way we stay secure
IBJ asked Allegion futurist Rob Martens to tell us how security technology will change our lives moving forward. His answers are as much about information and data as they are about physical barriers.
Carrier releases official Indianapolis layoff numbers
More than a year after the local shutdown announcement that landed Carrier Corp. in the national news, the manufacturer has finally released an official count of the number of jobs it plans to cut.
Label maker DuraMark sees ‘immense’ growth prospects
The company says it patented all-digital production process allows it to produce labels faster, cheaper and in smaller quantities than by the traditional screen printing method.
Calumet posts $6 million loss, still beats analyst expectations
The Indianapolis-based refinery company’s financial results, released Thursday morning, showed marked improvement over the same period a year ago.
BorgWarner plans to spend $28M on new Noblesville tech center
BorgWarner Inc. is set to close two technical centers in central Indiana and consolidate them into a newly constructed facility in Noblesville that will house more than 300 high-wage employees, the Hamilton County city announced Wednesday afternoon.
Cummins raises outlook after strong quarterly results
The engine maker’s profit and revenue in the first quarter beat the expectations of analysts.
Indy 500’s first presenting sponsor sees growth spike, gears up for more
Since local entrepreneur Mike Protogere bought D-A Lubricant Co. Inc. in 2002, the manufacturer of oil, grease, antifreeze and other industrial products has shifted into overdrive and punched the gas.
Allegion reports improved quarterly sales, profits
The security-product maker’s first-quarter financial results topped analyst expectations.
Allison Transmission posts stronger-than-expected quarterly sales
The Indianapolis-based manufacturer revised its full-year sales expectations after revenue rose 8 percent.
Supreme Court turns away GM appeal over ignition switches
General Motors Co. was seeking to block dozens of lawsuits over faulty ignition switches that could expose the company to billions of dollars in additional claims.
Rise in internet-connected devices creates new cybersecurity concerns
Aerospace and defense companies are working to thwart digital attacks from several sources and expect huge demand for workers in the field.
Toyota Industrial plans $17.5M expansion of forklift plant
The company, which makes forklifts and other material-handling equipment, announced Tuesday that it will add 150,000 square feet to its complex, bringing the total to 1.3 million square feet.
Big bakery meets early goals, plans $16.5M in new equipment
Fast-rising CraftMark Bakery wants to sweeten its investment and hire 32 more workers by expanding production capacity at a $75 million headquarters and manufacturing facility built in 2014 in Indianapolis.
Indianapolis furniture manufacturer relocating to Whitestown
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
China auto-parts maker to build $80M plant in Greenfield, hire 441
A Beijing-based manufacturer of brake and suspension systems has chosen the Indianapolis area as the site of its first U.S. production facility.