EnerDel hopes to hire 1,100 at new manufacturing plant
Lithium battery-maker will get incentives worth $53.1 million for expansion into Hancock County.
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Indiana businesses are welcoming investment from China
Some observers see a parallel to the state’s seeking Japanese investment following recession in the early 1980s.
EnerDel in line for $3 million grant
Battery maker EnerDel could land $3 million in federal disaster-recovery money that would help bring 200 more jobs to its
facilities on the north side of Indianapolis and in Noblesville.
Knauf fills new CEO position
Knauf Insulation in Shelbyville appoints a company executive to its newly created position of CEO of North American operations.
Car-seat manufacturer plans Columbus expansion
Dorel Group wants to expand its development and production operations in Columbus, creating 98 jobs by 2013.
Gunite Corp. cutting 100-plus jobs at Elkhart plant
Beleaguered Elkhart took another hit this week when Illinois-based Gunite Corp. announced plans to move 110 manufacturing
jobs to Rockford, Ill., and Brillion, Wis.
Cummins gets $54M to improve fuel efficiency
Columbus engine
maker Cummins Inc. will receive nearly $54M in federal funding as part of a program designed to significantly
increase fuel efficiency in heavy trucks and passenger vehicles, U.S. Energy Secretary Steven Chu announced Monday.
Alcoa plant in Indiana plans up to 145 layoffs
Alcoa’s Warrick Operations in Newburgh said the layoffs in its rigid packaging division are in response to a declining demand for its products.
Factory orders unexpectedly jump 1.1 percent
The advance was double what had been expected and provided further evidence that manufacturers are beginning to pull out of
their steep slump.
Hancock County to consider battery plant proposal
Hancock County officials will consider a request by lithium battery maker EnerDel to set up operations in a business park
near Indianapolis.
Rolls-Royce bags $160M military contract
Rolls-Royce Corp.’s Indianapolis operations will manufacture 78 turboshaft engines for U.S. Navy and Air Force helicopters
under the terms of a mammoth $160.6 million military contract.
Hurco posts quarterly, yearly losses
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco’s products.
Former Visteon plant lined up for Carbon Motors
Atlanta-based Carbon Motors is a step closer to producing its high-tech police cars in Connersville after a bankruptcy
judge authorized auto-parts maker Visteon Corp. to sell a closed plant to the city for $500.
Steel Dynamics expects drop in 4Q earnings
Steel Dynamics Inc., the nation’s fifth-largest producer of carbon steel products, said Thursday it expects fourth-quarter
earnings to decline from third-quarter levels due to lower shipments and weaker profit margins at its metal recycling operations.
EnerDel parent receives $20M investment
The parent of EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, announced Monday morning that it
has received about $20 million in investment capital from a Japanese company.
Delphi to supply Allison with hybrid components
Indianapolis-based Allison Transmission Inc. announced Monday morning that it has entered into a long-term agreement to have Delphi Automotive Systems Inc. supply it with hybrid drive-system components and energy-storage systems.
Cookware plant closing in Fort Wayne, idling 190 workers
Fort Wayne-based Lincoln Foodservice Products Inc. has notified state officials that it will close its “small wares”
plant there and let go 190 employees.
Cummins to lay off 400-plus workers in New York
Columbus engine maker Cummins Inc. will idle at least 400 workers at a manufacturing facility in Jamestown, N.Y., because
of a change in emission standards that will cut production from 500 engines a day to 100.
Trailer maker plans to add 100 jobs in Peru
Peru recreational vehicle maker Riverside Travel Trailer Inc. will expand its Miami County operations, creating 100 new jobs
by 2011, the Indiana Economic Development Corp. announced Wednesday morning.
Factory orders fall unexpectedly
Orders for costly manufactured goods dropped 0.6 percent last month, following a 2-percent gain in September.