Envelope company closing Indy plant, eliminating 127 jobs
Cenveo Worldwide Limited said the plant at 6302 Churchman Bypass—just outside Interstate 465 on the city’s southeast side—will close on Sept. 8.
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Cummins CEO Jennifer Rumsey to become company’s board chair
Rumsey will take over as Cummins board chair on Aug. 1, after former CEO Tom Linebarger steps down from the position.
Threats of strike heating up even before UAW begins negotiations with automakers
As the industry undergoes a historic transition from internal combustion engines to EVs, the UAW sees this year’s contract as an opportunity to ensure representation in the industry’s jobs of the future.
Noblesville-based Helmer Scientific acquired by Trane Technologies
Helmer Scientific, which makes temperature-controlled storage equipment for hospitals, labs, blood banks, and pharmacies, was founded in Noblesville in 1977 and has more than 400 employees.
End of a love affair: Automakers eliminating AM radio from many new cars
Some radio station owners and advertisers contend that losing access to the car dashboard will indeed be a death blow to many of the nation’s 4,185 AM stations.
Fewer electric vehicles qualify for federal tax credits under new rules
The new list includes a total of 16 domestically manufactured models, with just 10 of the models qualifying for the full $7,500 tax credit.
Indy company makes automated welding tools easier to use
Indianapolis-based THG Automation is one of several companies that have begun filling a need for more user-friendly devices that can easily adapt for a variety of jobs.
Biden set to propose toughest-ever rules on car pollution to spur EVs
Automakers are cautioning that the trajectory for EVs and emission reductions depends on factors outside their control, including investments in charging infrastructure and critical mineral production.
Made in Indiana: Faucets by Delta Faucet Co.
In 2018, the company debuted voice activated faucets that pair Amazon-, Alexa- and Google Assistant-enabled devices with Delta technology to create smart kitchen faucets.
IBJ Podcast: How Homefield sprints to make apparel for Cinderellas of March Madness
In this week’s edition of the IBJ Podcast, Connor and Christa Hitchcock explain how they parlayed their success with small schools into agreements with the bigger names.
College-focused Homefield Apparel finds opportunity in March Madness
The Indianapolis company specializes in selling vintage-themed T-shirts to fans of 150 universities, and surprising storylines have become a sure thing in the 68-team NCAA tournament.
iPhone maker plans $700M India plant in shift from China
The investment is one of Foxconn’s biggest single outlays to date in India and underscores how China’s at risk of losing its status as the world’s largest producer of consumer electronics.
T-shirt maker United State of Indiana to open north-side store
United State of Indiana owners Graham Brown and Grant Gilman will set up shop in Monon Station retail center and plan to sell a variety of goods celebrating the state.
Stellantis making $155M investment for EV-battery production in Kokomo
Stellantis, which is also co-creating a $2.5 billion EV battery manufacturing facility in Kokomo, says the new investment will help retain 265 jobs across three facilities in the city.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.
Made in Indiana: 12 Flavor Gummi Bears by Albanese Confectionery
12 Flavor Gummi Bears is the best-selling product for Merrillville-based Albanese Confectionery and is sold in a variety of sizes, from 1 ounce snack packs to 5 pound bulk bags.
Justice Department investigating Abbott baby formula plant
The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.
Dunham Rubber & Belting acquired by Georgia-based firm
Dunham, a 57-year-old Greenwood-based distributor, fabricator and manufacturer with locations in Shelbyville and Fort Wayne, was purchased by Belt Power LLC.
Catalent laying off 400 employees in Bloomington
Since 2020, Catalent had been rapidly expanding operations as it produced vaccines for both Johnson & Johnson and Moderna Inc.
U.S. business equipment orders rebounded sharply in October
The data suggest companies are largely adhering to capital spending plans as they seek to improve productivity and help counter lingering cost pressures.