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.
Manufacturers
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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.
Calumet shares hit 6-year low after big quarterly loss
Shares in Calumet Specialty Products Partners closed at $12.30 each Wednesday, down 12.6 percent on the day and 38 percent since the beginning of the year.
Elected officials urge Carrier, UTEC to rethink Mexico move
The officials say the company should meet with them and come up with a “pragmatic” solution.
U.S. factory output rises by most in six months
U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July.
Union says no progress in reversing factory closing decision
A union leader said he'll try to put outside pressure on a company to reverse its decision to shut down a 1,400-worker factory in Indianapolis and move production to Mexico.
Officials point fingers on Carrier, UTEC layoffs
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
State wants cash back from Carrier, UTEC as jobs flee to Mexico
Indiana economic development officials say they will seek to recapture some of the $530,000 in incentives taxpayers have given United Technologies Corp. and its subsidiary Carrier Corp., which combined will lay off 2,100 people in Indiana and send the jobs south of the border.
Mayor launches task force to assist Carrier workers
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
UPDATE: Carrier plans to lay off 1,400 Indy workers in Mexico move
Job losses in Carrier Corp.’s local manufacturing operations are expected to begin in 2017 and continue through 2019, the company announced Wednesday. An affiliated company also plans 700 job cuts in northeast Indiana.