The Indianapolis-based company, which makes computerized machine tools for the metal-cutting industry, said Friday morning that it would have had a record-setting year if it hadn’t been for the negative impact of currency translation.
Alcoa Inc. said it will permanently close its Warrick Operations smelter, one of the largest aluminum smelting facilities in the world.
Struggling overseas demand and declines in commodity prices that are hurting investment in energy and agriculture continue to limit orders for American manufacturers.
Batesville-based Hillenbrand's purchase will bulk up its Process Equipment Division, which generates about $1 billion of the company's $1.6 billion in revenue.
The operation, which is expected to employ 136 in Steuben County by 2019, will convert scrap plastic into ultra-low sulfur diesel and gasoline blendstocks.
The Greenfield-based furniture maker blew the whistle on a Dallas-based rival that failed to pay duties on furniture imported from China, the Justice Department said.
U.S. industrial output fell for the third straight month in November, another sign that American manufacturers are under stress.
General Electric Co. has scrapped a $3.3 billion plan to sell its home appliance business to the Swedish company Electrolux, a deal opposed by U.S. regulators.
Dozens of companies across central Indiana are using programs aimed at middle- and high-school students to develop a pool of talented kids who are interested in science, technology, engineering and math to fill the growing number of jobs for which such skills are necessary.
A local holding company that specializes in manufacturing firms has purchased C.H. Ellis Co., an Indianapolis-based maker of custom cases that has been in business since 1902.
The fallout from Volkswagen's emissions-cheating scandal intensified Wednesday, as the company halted sales of seven models in the Unted States that allegedly were part of the cheating.
Alexandria Extrusion MidAmerica LLC is planning an expansion at the aging Indianapolis plant it bought in 2012, helping it create 30 jobs and retain 60 workers.
The September result was led by a big 36 percent fall in the volatile category of commercial aircraft. But the weakness was widespread across other categories including primary metals, machinery and computers.
The Columbus-based engine maker said it would lay off about 500 people in Indiana. Shares fell nearly 10 percent Tuesday after third-quarter profit trailed analyst estimates and the company reduced its annual sales forecast due to weakening demand for its heavy-duty engines.
Allison Transmission Holdings Inc. on Monday reported shrinking revenue and profit in the third quarter, but the results still topped analyst predictions.
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
U.S. manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics.
Engine maker Cummins Inc. has opened a new technical and office center in southern Indiana where engineers are to focus on improving fuel efficiency and engine endurance.
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
The $106 billion merger would create a company that would control nearly a third of the global market and threaten to dominate the U.S. by bringing together Budweiser and Miller Genuine Draft.
