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.
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.
A Beijing-based manufacturer of brake and suspension systems has chosen the Indianapolis area as the site of its first U.S. production facility.
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
The deal brokered by President Donald Trump to stem job losses at a Carrier Corp. factory in Indianapolis is unusual for the state of Indiana because it doesn’t involve job creation.
Companies are spending more on big-ticket items such as industrial machinery, and Americans are buying cars at near-record levels. Overseas growth has spurred more exports.
Steve Cage started a quality-control business focused on the automotive industry near the peak of the Great Recession. In 2009, the company made $8 million in revenue. In 2016, revenue hit $122 million.
The person hired for the position is expected to help workers from Carrier Corp. and Rexnord Corp. who are about to lose their jobs—along with trying to help revitalize old industrial sites.
Saran, which does industrial finishing and machining work, told the Indiana Department of Workforce Development that it expects to close the local facility by June 30.
The Indianapolis-based manufacturer was encouraged by a big increase in orders during its latest quarter.
The exact reason for the raid was unclear, but the manufacturer told the SEC in a filing last month that the IRS believes it owed $2 billion more in taxes for the years 2010 to 2012 due to profits from its Swiss unit.
NTN Corp. and state economic development officials announced Friday that NTN subsidiary NTK Precision Axle Corp. plans to break ground on the 300,000-square-foot facility this spring.
With almost all carmakers heaping on the discounts to keep the U.S. auto market at a plateau, Subaru just notched its 63rd straight monthly sales gain, with minimal incentives to get customers in the door.
Daechang Seat Co. is seeking tax breaks from the city for its plans to invest $16.8 million in a production facility and establish a base of operations in America.
The bill is part of a larger discussion lawmakers are having about the $1 billion in state and federal funding that nine Indiana agencies spend on some 30 workforce development programs.
Employees at 45 Indiana workplaces—including 11 in the Indianapolis area—applied for federal assistance in the past 13 months because they believed they were victims of trade-related job losses.
The Indiana-based engine manufacturer saw sales sink during the fourth quarter and the entire year.
Allison Transmission Holdings Inc. on Monday topped analyst expectations for profit and revenue in the fourth quarter.
Toyota Industries Corp. is getting into the logistics business, and it’s buying Indianapolis-based Bastian Solutions LLC to get a jumpstart in the sector.
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
