IndyCar speeding toward faster times in 2015
One of the big storylines for the next IndyCar Series season is taking shape in the form of speedy new aero kits. But timelines for teams to get kits ready for racing will be tight.
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Navistar closing local foundry with 180 workers
The foundry, located on the city’s east side at 5565 Brookville Road, produces engine blocks and heads. Navistar said the closure process will take place during the first half of 2015 and be completed in the summer.
After setbacks, Klipsch amps up focus on high end
The Indianapolis-based speaker maker is responding to challenges in its industry by returning to its roots—emphasizing premium products, including home speaker systems costing $2,500 to $10,000.
Chrysler plans $266M spending for Indiana plants
The Kokomo City Council voted unanimously Monday night to give initial approval for a 10-year property tax abatement to Chrysler. The automaker said the break would help it retain 212 jobs with a combined salary of $9.8 million.
Growth-minded Vertellus buys Dow Chemical unit
Indianapolis-based chemical producer Vertellus Specialties Inc. has announced its second big acquisition in as many months, in a deal believed to be worth as much as $200 million.
Cummins debuts design for 10-story downtown tower
Officials for the Columbus-based engine maker are planning a $30 million development, including 164,000 square feet of office space, a conference center, parking garage and lots of public greenspace.
Recreational vehicle industry picks up momentum
Employment among manufacturers, suppliers, dealers and service departments has bounced back since the recession. That’s good news for Indiana, which accounts for 83 percent of RV production.
U.S. factory output slips a tad, but still healthy
U.S. factories were slightly less busy in November, as production and hiring slowed, although the level of activity remained strong.
Revenue has nearly tripled in past two years for blood-test maker
PTS Diagnostics engineered an about-face on its business plan five years ago, ditching its retail strategy to focus on serving physicians and nurse practitioners. This year, PTS is on pace to record revenue of nearly $50 million, up from $17 million two years ago.
EnerDel regroups after missing job targets
EnerDel Inc. is regrouping under a strategy of targeting niche markets, as Indianapolis and Hancock County officials press executives about the firm’s future and former pledges of local investment and job creation that failed to pan out.
Kiely to step down at Indiana Manufacturers Association
Longtime President Pat Kiely will retire July 1, the group announced Monday morning. In line to replace him is Vice President and Chief Operating Officer Brian Burton.
Rolls-Royce to eliminate 200 plant jobs, trim engineering force
Indianapolis-based employees have been offered voluntary severance packages as the global engine maker follows through on plans to eliminate about 2,600 positions company-wide.
Casket competitors settle lawsuit for $17M, fees
An Indiana-based casket manufacturer has agreed to pay a Pittsburgh-based competitor to settle claims it stole customers and employees, and interfered with business operations.
Indiana office furniture maker to shut down plant
A southern Indiana company that makes wooden office furniture is closing its doors after more than six decades, costing more than 80 workers their jobs.
Lawmakers recommend cutting equipment tax
A panel of Indiana lawmakers is recommending the state eliminate the business equipment tax for small businesses.
Bridgestone’s consolidation plan to cost Carmel 400 jobs
Bridgestone Americas Inc. plans to relocate three business units, including Firestone Building Products and Firestone Industrial Products in Carmel, into a new headquarters in Nashville, Tennessee.
Georgia-based wire maker plans Indiana expansion
The country's largest wire and cable manufacturer says it will expand its northern Indiana operations and add as many as 100 workers by the end of 2016.
Refinery co-owned by Calumet to start producing next month
Indianapolis-based Calumet Specialty Products Partners and Bismarck-based MDU Resources Group Inc. are building the $350 million Dakota Prairie Refinery, the first greenfield refinery built in the U.S. since 1976.
Kimball to move plant to Indiana, plans 160 new jobs
Office furniture maker Kimball International Inc. plans to sell its metal-fabrication facility in Post Falls, Idaho, and move the plant's operations to Indiana, creating up to 160 jobs by the end of 2016, the company announced Wednesday.
Auto part manufacturer to open Evansville plant
Fisher Dynamics said Wednesday that it will create 169 jobs within two years of the opening of a 113,000-square-foot manufacturing facility in Evansville.