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.
Manufacturers
Articles
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.
Haynes reports quarterly, fiscal-year losses
Kokomo-based Haynes International Inc.’s efforts to consolidate operations and reduce inventory could not keep it from losing $3 million in its fiscal fourth quarter, the company announced Monday.
Kentucky governor thinks chances slim for Harley plant
Earlier this year, the company eliminated Shelby County in Indiana from contention for the manufacturing facility.
Westfield’s Truss Manufacturing Co. changes name, expands product line
Truss Manufacturing Co., a fixture along U.S. 31 in Westfield since 1959, in October changed its name to TMC Building Products
to emphasize its expansion into other supplies.
Heartland RV plans hiring 400 in northern Indiana
Recreational vehicle company says orders for its towable recreational vehicles have increased since Oct. 1.
Cutbacks help Remy improve quarterly profit
Auto parts maker Remy International Inc. said Monday that profit rose to $16.5 million in the third quarter, up from $4.3 million in the same quarter a year ago, as the company cut staff and pay to compensate for lagging sales.
Rolls-Royce scores $11M military helicopter contract
The good news continues for Rolls-Royce Corp.’s Indianapolis operations, which this week received an $11.1 million contract
to make gas turbine engines for the Army’s OH-58D Kiowa reconnaissance helicopters.
Losses grow for EnerDel parent, but sales rise
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
Air Force awards Rolls-Royce $8.5 million contract
Rolls-Royce Corp. said Monday that the U.S. Air Force has awarded its Indianapolis operations an $8.5 million contract to
provide spare engine parts for the C-130J military transport aircraft.
Frozen-food firm plans to add 350 jobs at New Albany plant
New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in
southeast Indiana, creating more than 350 new jobs by 2012.
Chemical-maker Benchmark Products merges with Ohio’s New Surface Technologies
Benchmark Products Inc., a local manufacturer of metal-finishing chemicals, will combine with a Bedford, Ohio, company and
keep its headquarters and production in Indianapolis. The combined company will be renamed Asterion LLC.
Fort Wayne plant closing to leave 118 jobless
Marietta, Ga.-based Graphic Packaging International Inc. has notified the state that it will cut 118 jobs by closing its plant in Fort Wayne.