Plastics firm plans expansion, 54 new jobs
Fortville-based Genesis Plastics Welding plans to invest over $3.3 million to expand its existing production facility east of Indianapolis, adding as many as 54 new employees by 2014.
Manufacturers
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Manufacturing growing at fastest pace in 7 years
U.S. manufacturers expanded at the fastest pace in nearly 7 years last month, as factories continue to boost economic growth.
City seeks replacement for GM plant
Indianapolis will spend $115,000 on a study to explore redevelopment opportunities for the 102-acre GM Stamping Plant property west of downtown that will close this summer.
Casket maker plans $16.5M investment, 300 jobs
Indianapolis-based Genesis Casket Co., launched just last year, expects to produce 30,000 caskets in its first full year of operation. The company plans to fill the first 150 jobs by the time the plant opens this summer.
Countertop maker to close Shelbyville plant
Iowa-based VT Industries will close its countertop manufacturing plant in Shelbyville and move the work to a new facility in Maryland, the company said Friday.
China company bringing 150 jobs to Lafayette
Nanshan America Co. will invest $98.5 million to construct a manufacturing facility and office building, with work slated to begin in the spring. The company will start hiring in the fall.
Fourth-quarter earnings improve at Calumet
Calumet had profit of $9.5 million in the quarter ended Dec. 31, up from $8.2 million in the same quarter of 2009.
UPDATE: House votes to kill pricey jet fighter engine
The decision on military budget cuts could have a big impact on the Indianapolis operations of Rolls-Royce Corp., the city’s second-largest manufacturer behind Eli Lilly and Co.
GM to pay more than $400 million in worker bonuses
Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly workers as a reward for the company's rapid turnaround after it was rescued by the government. Workers in Kokomo could get $3,000.
Diabetes boom sparks Roche expansion
Roche Diagnostics Corp. is expanding one of its Indianapolis manufacturing plants to keep up with growing sales of its leading brand of blood glucose monitors.
Klipsch selling for $166M, Audiovox says
Klipsch will become a subsidiary of Audiovox and operate as a stand-alone operation in Indianapolis under the leadership of the current management team, Audiovox said.
Hillenbrand Inc.’s first-quarter profit slips on costs
Batesville-based casket manufacturer Hillenbrand Inc. said Wednesday that its fiscal first-quarter profit fell 8 percent as an increase in sales was offset by higher costs.
Cummins reports record quarterly sales, profit
Sales for the fourth quarter were $4.1 billion, up 22 percent from the same period in 2009. Quarterly profit of $362 million, or $1.84 per share, exceeded analyst expectations.
Rolls-Royce wins a pair of military contracts
Indianapolis manufacturer lines up deals with the Navy and Air Force worth a total of $225 million.
Hartford City parts plant closing, idling 200-plus
Northville, Mich.-based Key Plastics LLC said Thursday it will move work from its Hartford City plant 15 miles north of Muncie to other North American factories.
Aerospace firm plans to add 159 engineering jobs
Aero Engine Controls plans to invest as much as $8.5 million to expand its operations near Indianapolis International Airport, adding up to 159 jobs over the next two years.
Sony moving 150 jobs to Terre Haute plant
A plant closing in New Jersey will result in 150 jobs moving to Sony DADC's factory in Terre Haute.
Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
Steel Dynamics profit drops, but outlook brightens
Fort Wayne-based Steel Dynamics' fourth-quarter profit tumbled 71 percent, but shares rose Monday after the company predicted that the economic recovery would fuel greater industrial demand.
Remy International considering stock offering, CEO says
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.