GM plans $1.2B in upgrades for Indiana truck plant
The project announced Tuesday includes new painting facilities, an expanded body shop and improvements to the truck assembly area at the factory near Fort Wayne that has about 3,800 workers.
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Business investment climbs as factories thaw from winter
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that the key sector is starting to revive.
Steel Dynamics to make $100M Mississippi expansion
Indiana-based Steel Dynamics Inc. said it will invest $100 million to add more steel-finishing capacity at its mill in Columbus, Mississippi, and add 40 employees to the current 630 at the plant.
Manufacturer plans major expansion, 131 new jobs
The world’s largest manufacturer of automobile emission-control systems plans to expand its North American headquarters in Columbus, adding 131 workers by the end of 2017, the company announced Wednesday.
Stanley Black & Decker plans 136-job expansion in Greenfield
The company plans to invest $7.7 million in its Greenfield factory, which will lift production to an estimated 1.2 million power tools annually.
Union workers vote to end strike at BP refinery in Indiana
About 1,100 workers have been on strike since early February, and the refinery has been run by non-union supervisors and replacement workers.
Sales down, profit up for Remy International
Pendleton-based manufacturer Remy International Inc. saw sales slip in its latest quarter, but profit more than tripled from the year-ago period.
U.S. factory orders rise for first time in 8 months
Orders increased 2.1 percent following seven monthly declines, the Commerce Department reported Monday. In further good news, orders in a key category that tracks business investment plans eked out a 0.1-percent rise.
Cummins sees 14-percent jump in quarterly profit
Revenue from overseas markets declined 6 percent from a year ago, but revenue from North America increased 17 percent as strong demand continued for commercial truck engines.
Allison Transmission beats expectations with higher profit
Allison Transmission Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
Lebanon power tool company plans $6.8M expansion
Lebanon-based tool manufacturing Festool USA on Monday announced plans to add 55 workers as part of a $6.8 million expansion.
Rolls-Royce plans massive modernization of aging plant
The defense contractor is on the cusp of investing hundreds of millions of dollars to modernize its Tibbs Avenue factory, Rolls-Royce officials revealed Tuesday at IBJ's aviation and aerospace event.
Industrial production posts biggest monthly drop since 2009
The Federal Reserve said Wednesday that industrial production—which includes factories, utilities and mines—slid 0.6 percent in March, the biggest drop since a 1.1-percent drop in May 2009.
Peerless Pump discussing major expansion with city
Peerless Pump Co. is in line to receive a pair of tax abatements from the city after the manufacturer spent more than $18.7 million to improve its Indianapolis plant. The deals could pave the way for an even larger expansion.
Brevini pays $375K to Delaware County for unmet jobs
An Italian wind turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.
Reports show slowdowns in manufacturing, construction
U.S. factories expanded in March at a weaker pace, with orders growing more slowly and hiring essentially flat. Meanwhile, U.S. construction spending slipped for the second month in February.
New York manufacturer targets city for HQ move
Opflex Technologies LLC, a manufacturer of specialty foam products, is in discussions with city officials to move its headquarters from St. Johnsville, New York, to the northeast side of Indianapolis.
Salesforce CEO: We’re canceling travel to Indiana
Marc Benioff said on social media Thursday morning that he was canceling corporate programs that require travel to Indiana in response to the “religious freedom” bill signed into law by Gov. Mike Pence.
Officials hold out hope for historic plant dormant since 2009
A half-mile long and more than a million square feet in size, the former BorgWarner Automotive plant is a fading landmark in Muncie where more than 5,000 used to work. Today, the building is on sale for $1.75 per square foot.
Delta Faucet planning $15M expansion of Carmel HQ
The four-story, 80,000-square-foot addition will serve as the Carmel-based firm’s public entrance and showroom, as well provide office space for future growth.