Steelmakers seek protection from hot-rolled imports
U.S. Steel, Nucor are among the companies that say steel imports are sold at unfairly low prices that make it difficult to compete.
Manufacturers
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Illinois company to expand into Indiana, create 500 jobs
Hoist Liftruck Mfg. Inc., which is based in the Chicago suburb of Bedford Park, plans to spend more than $40 million to set up manufacturing operations in East Chicago.
Calumet reports profitable quarter on higher sales
Calumet Specialty Products Partners LP turned in a moneymaking second quarter, rebounding from a loss in the same period of 2014, the company reported Wednesday morning.
Remy International takes quarterly loss on lower sales
The Pendleton-based manufacturer of electric motors on Monday reported revenue of $272 million in the period, down from $302.9 million last year.
Hurco plans to add manufacturing workers at local HQ
Hurco Cos. Inc. plans to move some of its manufacturing operations from Italy to Indianapolis, creating 35 local jobs by the end of 2017, the company disclosed in a tax-abatement request with the city.
U.S. manufacturing index shows July slowdown
Exports are contracting, partly because a strong dollar makes U.S. goods more expensive.
Cummins’ shares jump on strong quarterly performance
Shares in Cummins Inc. had their biggest intraday rise in nine months Tuesday morning after the Columbus-based maker of heavy-duty engines reported second-quarter profit and revenue that beat analyst estimates.
Allison’s sales, profit fall on lower global demand
Allison Transmission Holdings Inc. saw revenue and sales slip in the second quarter as global demand for its products waned, the Indianapolis-based manufacturer announced late Monday.
Volkswagen tops Toyota in first-half global sales
Volkswagen overtook Toyota in global vehicle sales for the January-through-June period, the first time the German automaker has come out top in the intensely competitive tallies.
Manufacturers see rebound in orders for durable goods
Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, while business investment rebounded after two months of declines.
Deal crowns Klipsch ‘Cadillac’ of headphones
The Indianapolis-based manufacturer will supply Klipsch Image One headphones to be part of a rear-seat DVD entertainment system for Cadillac’s 2015 and 2016 Escalade Platinum edition.
Hurco acquires two companies in deals worth nearly $20M
Hurco closed on the purchase of Wisconsin-based machine maker Milltronics Manufacturing on Tuesday for about $13.3 million. On Wednesday, it entered into an agreement to acquire Taiwanese manufacturer Takumi Machinery for about $6.5 million.
FAST 25: Skjodt-Barrett Contract Packaging LLC
Skjodt-Barrett started 30 years ago in Toronto, Canada, making pastry fillings and jams for the food-service industry, and as recently as 2010 had only 50 employees.
BorgWarner to acquire Remy International for $950M
Auburn Hills, Michigan-based BorgWarner Inc. announced plans Monday to buy Pendleton-based auto parts maker Remy International Inc.—the 12th largest public company in the Indianapolis area and the 25th largest in Indiana.
Louisville box-maker plans $6.75M Indy operations center
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.
Durable goods orders make another monthly retreat
Orders to U.S. factories for long-lasting manufactured goods fell in May, pulled down by a sharp drop in demand for aircraft. But a category that reflects business investment rose, a hopeful sign for manufacturing.
Cummins among winners in U.S. truck efficiency plan
U.S. regulators have delivered a victory for engine makers such as Indiana-based Cummins Inc. in a battle over greenhouse-gas emissions regulations for heavy-duty trucks.
Indiana high schoolers head to factories for internships
More than 80 budding engineers will build and work with machines as part of a new program designed to give students experience in manufacturing.
U.S. factory output down in May, hurt by oil refining cuts
Manufacturing has been hurt the stronger dollar, higher oil prices reducing equipment orders and activity at refiners, and previously by cold winter weather at the start of the year.
EPA seen siding with engine makers in truck efficiency rules
The Obama administration is poised to deliver a victory to engine makers at the expense of truck manufacturers such as Cummins Inc. in the next stage of the U.S. government’s plan to tackle climate change.