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.
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 Inc. will close its doors at the end of June, idling nearly 40 workers.
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.
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.
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.
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.
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.
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.
About 1,100 workers have been on strike since early February, and the refinery has been run by non-union supervisors and replacement workers.
Pendleton-based manufacturer Remy International Inc. saw sales slip in its latest quarter, but profit more than tripled from the year-ago period.
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.
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 Holdings Inc. on Monday reported a first-quarter profit that exceeded analyst expectations, but fell short of revenue predictions.
Lebanon-based tool manufacturing Festool USA on Monday announced plans to add 55 workers as part of a $6.8 million expansion.
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.
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 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.
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.
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.
