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.
Manufacturers
Articles
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.
February manufacturing report tops expectations
Factory activity in February shrank less than predicted as gains in new orders and production provided signs that the beleaguered industry could soon stabilize.
Manufacturer turns tiny cars into big business
GreenLight Collectibles—a maker and wholesaler of replica cars, trucks, boats, trailers and other diminutive look-alikes—has managed to gain speed with growing revenue and new distribution deals—all while many of its competitors have hit the wall.
City to face another hard-to-fill shuttered factory
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Battered and bruised, Indy-based oil refiner soldiers on
Calumet's stock price has fallen so far that the annual dividend yield is a whopping 28 percent—one of the highest in the country.
Carrier plant closing shows vagaries of modern manufacturing
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.