RV makers are optimistic industry will rebound in 2011
A University of Michigan survey found that recreational vehicle companies are expecting a nearly 4 percent increase in sales this year.
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Rising industrial production gives economy momentum
Factories started producing more as U.S. companies placed more orders to replenish stockpiles that they slashed during the downturn. Then in the final months of 2010, consumers and businesses showed a bigger appetite to spend, encouraged in part by the improving economy.
Hurco reports fourth quarter, annual losses
Indianapolis-based machine tool maker lost $1.1 million in the fourth quarter and $5.7 million in fiscal 2010.
Kokomo plant closure affects 75 workers
Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.
Rolls-Royce scores $49M military contract
Rolls-Royce Corp.’s Indianapolis operation is finishing the year out the way it started—racking up lucrative military deals.
State’s big polluters spewed less last year
EPA data show an 18 percent decrease in toxic emissions among big manufacturers and electric utilities, but it’s unclear to what degree better practices—or the slow economy—had on declining levels.
Muncie locomotive plant looking for new hires
A division of Caterpillar that plans to employ 650 people at a diesel-electric railroad locomotive plant in Muncie is looking for workers.
Rolls-Royce, Raytheon win $154M in military contracts
A pair of Indianapolis military contractors scored new government deals worth a combined $154.4 million, the Department of Defense announced late Wednesday.
Parts supplier NTN adding 115 jobs at Columbus plant
The Columbus-based company says the added work comes as sales have gone up for models it supplies. Ford, Toyota and Honda are NTN's three primary customers.
Rolls-Royce scores more military business
Rolls-Royce Corp. landed more than $100 million in new business this week, winning two contracts to provide support for aircraft engines it makes in Indianapolis for the U.S. Army and Navy.
First vehicles roll out of Indiana electric-car plant
Fifteen cars rolled out of Think North America’s Elkhart plant on Wednesday, bound for Indianapolis. The cars will be used primarily by the state Department of Natural Resources.
Abound Solar completes financing for Tipton plant
Company closes on a $400 million federal loan to help it take over the empty Getrag plant on U.S. 31 near Kokomo, where it wants to hire as many as 1,000 workers. The plant was acquired for $25 million.
Hillenbrand wins ban of knockoff coffins from Mexico
The U.S. International Trade Commission said Monday that Ataudes Aguilares will be barred from bringing in caskets with attached memorabilia compartments, which Batesville-based Hillenbrand has patented.
GM considering Fort Wayne plant for $230M upgrade
General Motors is considering $230 million in upgrades to its truck assembly plant near Fort Wayne.
Military contracts add up for Raytheon
Raytheon Technical Services Co. in Indianapolis won a $31.1 million contract to provide cryptographic services for the U.S. Air Force, Army and Navy, the Department of Defense announced Wednesday.
Whistleblower suit cites Rolls-Royce engine flaws
Rolls-Royce Corp. concealed repeated defects at an aircraft engine plant in Indianapolis and fired a safety official for reporting the problems, according to a lawsuit filed in federal court.
Cummins to build $70 million plant in Turkey
The company expects to employ more than 800 workers at the plant within five years, producing filters and generators for motor vehicles.
Solar panel maker plans up to 240 jobs in Columbus
A Muncie-based startup company to spend nearly $9 million to start production at a Columbus industrial park. The plant will make high-efficiency solar panels that are in growing demand around the world.
Carmel-based wind-gear maker plans Marion plant
Vela Gear Systems LLC, a Carmel-based startup manufacturer of large-scale gears for wind-turbine assemblies, said it will make a multimillion dollar investment to construct a 250,0000-square-foot plant in Marion, creating up to 163 jobs by 2013.
Factory orders sink for first time since June
Factory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June and the biggest decline since a 1.8-percent fall in May.