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.
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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.
UPDATE: City claws back $1.2M from Carrier to assist workers
The money recovered from Carrier Corp. and its parent firm equals the amount the city provided in tax incentives in 2011. The company also has returned $380,000 to the state.
Highly skilled manufacturing likely to stay in U.S. but other jobs less safe
Proprietary manufacturing jobs—such as those in the aerospace, automotive and life sciences sectors—are likely to even grow as employers seek talent and quality control. But lower-skilled basic production work is on its way out to international markets like China, India and Mexico, where wages are a fraction as expensive.
Troubled food-additives maker ending local operations
Sensient Flavors LLC, which battled regulators for years over safety issues, plans to permanently close its plant at 5600 W. Raymond St., ending employment for 86 local workers.
Meth law opens door for fledgling drugmaker
A small manufacturer angling to pick up more business in Indiana makes cold and allergy medicine resistant to being abused by methamphetamine makers.
FDA warns Gilchrist & Soames after toiletry recalls
The Plainfield-based company, which makes luxury toiletry items for the hotel industry, conducted voluntary recalls of more than 2 million products that were potentially contaminated with harmful bacteria in 2015.
IEDC: Mexico move to save Carrier’s parent firm $65M per year
That’s less than 1 percent of United Technologies Corp.’s annual revenue in the heating and air conditioning section of its business, according to the Indiana Economic Development Corp.
Alcoa’s aluminum smelter closes in Warrick County
Alcoa has marked the final day of aluminum manufacturing at its Warrick County plant in Indiana. The location had been operating since 1960.
U.S. durable goods orders down 2.8 percent in February
Economists saw the big decline in durable goods orders as evidence that the manufacturing sector remains under pressure.
Tube manufacturer moving HQ to Carmel
Precision Products Group Inc. is set to move its corporate office this month into a 3,402-square-foot space at 10201 N. Illinois St., state economic development officials announced Wednesday.
Honda to add CR-V line in $52M Indiana plant expansion
Honda Manufacturing of Indiana LLC said the expansion of its Greensburg plant is expected to lead to 100 new jobs by the end of next year.
Noble Industries plans $6.1M expansion of Noblesville HQ
Noble Industries has purchased five acres to the south of its existing property for a 52,400-square-foot expansion of its 70,000-square-foot facility. The expansion will allow it to almost double employment.
Allegion units seek local tax breaks for plant expansions
Two local subsidiaries of Carmel-based security-products company Allegion America are seeking roughly $769,000 in local tax breaks in return for a $13 million expansion that could lead to 158 new jobs in Marion County by 2020.
Alcoa cuts number of layoffs caused by closing plant
Alcoa said the number of planned layoffs at its Warrick Operations have been reduced from an estimated 600 to about 325.
Green BEAN Delivery spreads into eight new markets
The expansion marks the first time Green BEAN has added more than one metro market at a time to its growing service territory.
No change on Indiana plant closures after Pence meeting
United Technologies hasn’t changed plans to close two plants with 2,100 workers, but it intends to pay back money it received in incentive agreements and keep about 400 research-and-development and executive jobs in the state.