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.
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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.
Hoosier manufacturers see big need to expand worker pipeline
Speakers at an IBJ breakfast on manufacturing and logistics said the public and private sectors must do more to get students thinking about manufacturing as a career and encouraging them to pursue the training they need to succeed in the field.
PPG Industries buying Indiana coatings manufacturer
The former Indianapolis Varnish Co. had sales last year of more than $100 million. IVC has more than 300 employees at five manufacturing plants in Indiana, Michigan, Georgia, Arizona and China.
Soaring Subaru closing in on difficult crossroads
Subaru, which has thousands of workers in Indiana, has never seen so much demand from car buyers. But making big moves to boost output could hurt the very thing that customers love about the automaker—its smaller size.
U.S. steelmakers file trade case over imports from China
Steelmakers including Indiana-based Steel Dynamics Inc. filed a trade complaint alleging that imports of corrosion-resistant metal from China and four other countries are being sold in the U.S. at unfairly low prices.
Manufacturing accelerates for first time in 6 months
The pickup in factory activity suggests the economy is improving modestly after a sluggish start to the year. Still, growth remains slow, held back by a range of factors.
Optical Disc Solutions closing its Richmond CD, DVD plant
Optical Disc Solutions Inc. will close its doors at the end of June, idling nearly 40 workers.
Indy’s Golden Age in 1920s shows way forward
In the 1920s, Indianapolis was one of the most innovative cities in the nation. But after “the dark tragedy of the roaring twenties,” Indianapolis lost its edginess for decades and only recently has begun to regain it.