Denver company completes Chromcraft acquisition
Apparel maker Sport-Haley Holdings Inc. has closed its $3.45 million purchase of Indiana-based furniture maker Chromcraft Revington.
Manufacturers
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Manufacturer to close Indiana plant with 110 workers
PolyOne’s Designed Structures and Solutions division in Warsaw will begin terminating employees Jan. 6, the company said in a filing received Thursday by the Indiana Department of Workforce Development.
Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
Rolls-Royce opens $42M production facility
The facility, which will make engine compressor parts known as banded stators, is expected to employ about 100 high-tech personnel by next year.
Printing facility to close, terminate 150 employees
Big changes in the media industry have dramatically lowered the amount of work available for Multi Packaging Solutions Inc.’s printing plant in Terre Haute.
Rolls-Royce contractor grows on southwest side
Belcan Corp. has hired about 20 people this year and expects to keep adding to its local work force over the next several years as it continues to provide engineering services to Rolls-Royce, its largest local customer.
GE, union talks save jobs at Bloomington plant
About 130 workers at the GE Appliances factory will no longer have jobs effective Friday, although that number is down from about 160 jobs the company announced in early September.
Remy sees lower profit, revenue in third quarter
Remy International Inc. experienced a big drop in profit in the third quarter on a 5-percent decline in revenue, the Pendleton-based manufacturer reported Tuesday.
Cummins’ stock sinks after worse-than-expected quarter
Shares in Cummins Inc. slid more than 9 percent Tuesday morning after the Columbus-based engine manufacturer reported weaker-than-expected sales and profit in the third quarter, and lowered its outlook for the rest of the year.
Allison falls short of earnings, revenue expectations
Allison Transmission Holdings Inc. on Monday reported a jump in profit in the third quarter despite sliding revenue.
UPDATE: Report finds optimism among state manufacturers
The survey by IU's Kelley School of Business found that four out of five Indiana manufacturing companies consider their businesses healthy or stable.
Countertop maker plans to add 32 jobs in Zionsville
Cincinnati-based Sims-Lohman Inc. said it will invest $2 million to buy and equip a 57,000-square-foot facility in Zionsville. The firm already employs 22 full-time workers in the Boone County community.
Lilly scientists stole $55 million in trade secrets, indictment alleges
Three former employees of Eli Lilly and Co. allegedly transferred trade secrets that Lilly values at more than $55 million to a competing Chinese drug company, according to an indictment unsealed Tuesday in federal court.
Two manufacturers target Indiana city for expansion
The Indiana Economic Development Corp. announced two economic development deals Tuesday morning that will bring more than 200 jobs to Whitley County in northern Indiana.
Furniture maker Chromcraft Revington to sell for $3.45M
Denver-based Sport-Haley would pay $2.7 million when the deal closes. It would pay another $750,000 when Chromcraft's plant in Delphi is sold or mortgaged, or 180 days after the merger is complete, whichever is earlier.
Cummins keeping HQ in Columbus, but considering Indy project
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
Local manufacturer with 100 workers set to close
CMW International LLC, which has roots in Indianapolis dating to 1924, said all 100 of its employees would lose their jobs if a buyer wasn’t found before Nov. 23.
Auto parts supplier hiring 100 for Indiana plant
Tenneco Inc. officials say the factory in the Noble County city of Ligonier is increasing production to make parts on a new line for Chrysler.
State loses jobs; unemployment rate declines to 8.1 percent
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
Central Indiana mayor traveling to Italy to lure business
Anderson Mayor Kevin Smith said he'll meet with executives from five manufacturing companies near the city of Milan during the trip that starts Saturday.