GE Aviation plans $92M investment, 200 jobs in first Indiana plant
The jet engine plant in Lafayette would be its first production facility in Indiana, and could expand to add hundreds of additional workers.
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U.S. steelmakers accuse South Korea of dumping
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.
City considers whether to revoke 3M tax break
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 beats expectations with higher sales, profit
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.
Hurco’s longtime CFO resigns
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.
Cummins recalling 25,013 engines over possible fire risk
The engines can be found in a variety of commercial vehicles including school and transit buses as well as fire trucks.
New owner to spend $51M firing up Noblesville foundry site
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.
Calumet shares skid on big fourth-quarter loss
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.
New owner plans to reopen RV factory
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 finishes lackluster year with bang
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.
Rolls-Royce wins $1B contract from Lockheed Martin
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
Cummins posts strong 4Q results to boost slower year
The Columbus-based engine maker recorded a 7-percent increase in profit, but full results for 2013 lagged behind 2012.
GE plans shutdown of last Fort Wayne facilities
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, Honda set North American production records
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.
Local paperboard plant with 161 workers to close in March
The plant, located at 620 S. Belmont Ave., southwest of downtown, has been making paperboard packaging since the early 1970s.
Berry Plastics to spend $31M on expansion, hire 336 workers
The Evansville-based manufacturing giant intends to consolidate some operations from out of state into existing Indiana facilities.
Hurco sees drop in sales, profit in latest quarter
Sales dropped 4 percent in Europe, the company’s biggest market, to $32.3 million. North America sales fell 6 percent, to $16.7 million.
Cummins sues T-shirt sellers for logo infringement
Cummins Inc., the Indiana-based maker of truck engines, has sued three named and 10 unnamed defendants for trademark infringement. The company claims the defendants are making and selling T-shirts bearing its trademarks without permission.
GM to invest $1.3 billion in five factories
An Indiana plant will get $29.2 million to make parts for 10-speed transmissions and for six-speed transmission components. The Bedford facility has about 600 workers.
Pence: State vying for Boeing airplane facility
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.