Nine workers at a Rolls-Royce aircraft-engine assembly plant near the Indianapolis International Airport were injured Friday when a tank of nitric acid exploded and filled the building with a cloud of corrosive vapor.
Nothing less than the future profitability of commercial airlines rides on the jet engine that GE Aviation will assemble in Lafayette.
The engine maker’s planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
Calumet Specialty Products said it plans to complete its acquisition of ADF Holdings by March 31. ADF is the parent of Tulsa-based Anchor Drilling Fluids USA Inc., a leading provider of drilling-fluid solutions to the oil and gas industry.
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
U.S. Steel and Steel Dynamics Inc., which have thousands of employees in Indiana, are among steel companies who say they have been unfairly harmed as imports of the products are sold more cheaply than domestic producers can make them.
Minneapolis-based 3M spent nearly $16 million in 2008 on local buildings and equipment for Aearo Technologies, but hasn’t hit hiring targets set out in a seven-year tax-abatement agreement.
Hurco Cos. Inc. saw slightly higher profit in the first quarter on a 16-percent jump in sales and service fees, the Indianapolis-based industrial technology company reported Friday morning.
John G. Oblazney, chief financial officer at Hurco Cos. Inc. since 2006, has left the Indianapolis-based company to “pursue other interests,” Hurco announced Monday.
The engines can be found in a variety of commercial vehicles including school and transit buses as well as fire trucks.
ID Castings LLC plans to resurrect the property on South Eighth Street, an eyesore that has been underused for years. The company is asking the city for a $1.3 million tax break.
The Indianapolis-based processor of crude oil blamed its loss on tighter profit margins and higher operating costs. It has been on an acquisition spree since 2011.
The factory’s Florida-based parent company closed the plant without notice on Feb. 10, ending the jobs of about 85 workers and turning away those who arrived for work in the morning.
Allison Transmission Holdings Inc. kicked its fourth quarter into overdrive with a 70-percent increase in profit over the same quarter in 2012, the firm reported Thursday. But profit for the year was down significantly.
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
GE says it plans to shut down the last of its Fort Wayne facilities after more than a century in the city. The company once had almost 10,000 workers at the 13-building campus.
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.
The plant, located at 620 S. Belmont Ave., southwest of downtown, has been making paperboard packaging since the early 1970s.
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
