Cummins posts lower quarterly profit, revenue
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, in the year-ago period.
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Allison lowers outlook after profit slides 17 percent
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
Container makers want to restore fizz to state’s recycling fund
The money, long ago diverted by Gov. Daniels to the state’s general fund, would help reduce landfill waste and lower manufacturing costs.
Filtration manufacturer moving from Fishers to Anderson
Hy-Pro Filtration plans a $10.5 million construction project for its new facility and will move more than 100 employees from Fishers to Anderson next year.
Navistar reaches engine deal with Cummins
Navistar International Corp. said Monday that it reached long-term supply agreements that will allow the company to put Cummins Inc. engines in some of its largest trucks, as well as use its emissions-reducing technology.
UPS Foundation providing $50,000 for technology program
The Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
Cummins to lay off at least 150 from Indiana plants
Engine maker Cummins Inc. says it will lay off at least 150 workers from its southern Indiana factories as it carries out its plan to cut up to 1,500 jobs worldwide by year's end.
Union: Indiana tech jobs at Cummins expected safe
A union president says no layoffs are planned among the research, technical and support employees at Indiana operations as engine maker Cummins Inc. makes cutbacks.
Hillenbrand paying $530M for German company
The Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the funeral care business.
Rolls-Royce opens Indy service center
The aviation supplier’s first defense operations center in the United States is at its Meridian Street complex downtown.
Toyota supplier plans 116 jobs in Hancock County
Japan-based Tsuda Industries Co. Ltd. plans to spend $56.2 million to build a facility at Mount Comfort Air Park East, which should create 116 jobs by 2016, the company said Thursday.
Union leader expects Cummins cutbacks in Indiana
Diesel Workers Union president Terry Axsom tells The Republic of Columbus that the union's 1,500 workers at southern Indiana factories will be affected but he doesn't know the extent yet.
Cummins shares slide on job cuts, lower forecast
Shares in Cummins Inc. saw their biggest one-day drop in three months Wednesday after the Columbus-based engine maker lowered its forecasts for revenue and profit and said it expects to cut as many as 1,500 jobs by the end of the year.
Local furniture maker acquires northern Indiana company
Facility Concepts Inc.’s purchase of Classico Seating in Peru, Ind., gives the manufacturer of restaurant furniture about 100 employees and 250,000 square feet of manufacturing space.
Cummins shortens work week at Columbus factory
The engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel Systems Plant. The new four-day workweek will continue indefinitely.
Precision Cutoff closing Franklin metal-tube plant
The Franklin metal-tube factory with 39 employees plans to close early next year, less than five years the $2 million plant opened.
Berry Plastics prices IPO at low end of range
The Evansville-based packaging products maker raised $470 million by selling 29.4 million shares at $16 apiece.
Cummins gets EPA approval for key engine
Cummins Inc. has received the Environmental Protection Agency’s blessing on a redesigned engine that will meet the first-ever set of federal standards for heavy-duty truck emissions.
Sale of signature game Phase 10 sent Fundex into ditch
The nightmare that culminated with the Plainfield-based company’s recent Chapter 11 bankruptcy filing began in the depths of the financial crisis, when the company’s lender yanked its more-than-$10-million line of credit.
U.S. Department of Commerce recognizes Indianapolis exporter
Hoosier Gasket Corp. received the Export Achievement Award for its recent success in Eastern Europe and China.