WWII-era Navy plant modernizes, expands
The local operation of multibillion-dollar defense contractor Raytheon Co. has become the sole location for some key Raytheon programs, including modernizing outdated military vehicles.
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Vertellus Specialties bankruptcy sets stage for sale
The Indianapolis-based maker of Deet insect repellent and a slew of specialty chemicals already has an offer worth $453.8 million.
Hurco turns quarterly profit on higher revenue
The Indianapolis-based manufacturer received a $4.5 million bump in sales from the businesses of Milltronics Manufacturing and Takumi Machinery Co., which Hurco acquired in July 2015.
CTS to end production at Indiana HQ, cut 230 jobs
CTS said the end of Elkhart production is part of a corporate-wide simplification strategy dating to 2013.
Ardagh Group’s glass division headquarters moving to Fishers
Ardagh Group’s glass-packaging division, which employs more than 200 at its Muncie headquarters, plans to relocate most of those jobs to Fishers by the end of the year.
Program aims to mend souls, create art
Purposeful Design’s high-end furniture is produced by a cadre of men who were formerly homeless, or substance abusers, or both.
U.S. durable goods orders up, but business investment slips
A key category that tracks business investment fell for a third straight month, a sign that manufacturing remains under stress.
Local firm modernizes centuries-old yurt structures
Yurts have been a form of shelter for more than 2,000 years. But Indianapolis-based Yurts of America today builds them with materials that didn’t even exist back then.
U.S. industrial output jumps by most since November 2014
Industrial output—which includes factories, mines and utilities—rose 0.7 percent from March. It had dropped the previous two months.
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.
Calumet reviewing assets after huge quarterly loss
Indianapolis-based Calumet Specialty Products Partners reported a quarterly loss of $67.7 million Thursday morning as revenue took a nosedive. The company said it might divest some of its assets, including an underperforming $430 million refinery that opened a year ago.
Zika virus fear fuels demand for local DEET manufacturer
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.
Cummins tops forecasts despite lower profit, revenue
Cummins Inc. on Tuesday reported lower first-quarter earnings and revenue, but the results topped the expectations of analysts.
Allison Transmission’s quarterly results top expectations
Allison Transmission Holdings Inc. on Monday reported first-quarter earnings and profit that came up short of last year’s results but still exceeded Wall Street expectations.
Trump rails against Carrier decision again—but this time to those affected
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.
Maker of Indy mainstay Bar Keepers Friend plans expansion
SerVaas Laboratories Inc. and a related firm have applied for tax breaks on $3.6 million in investment on the expansion and new equipment.
Calumet shares plummet on dropped dividend, higher debt
Shares in Indianapolis-based Calumet Specialty Products Partners fell 30 percent in after-hours trading Friday and dropped another 53 percent Monday morning.
Workforce challenges a drag on aviation, aerospace industries
A surge of people retiring from the fields has created a talent shortage, and recruiting and training enough workers remain vexing challenges for companies, according to executives at an IBJ event Thursday.
Cummins’ shares surge to six-month high amid oil rise
Cummins Inc.'s stock climbed after CNBC’s Jim Cramer cited the maker of heavy-duty engines as a potential gainer from a rally in oil and commodities.
New manufacturer for boating, RVs to take root, hire 198
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.