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.
Manufacturers
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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.
Military firm could create 500 jobs at former chemical site
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than
$1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
Harley-Davidson eliminates Indiana from relocation list
Harley-Davidson has announced that a Kentucky location is the only one it will consider if it decides to relocate its York,
Pa., motorcycle plant, eliminating a site south of Indianapolis from contention.
Brake manufacturer closure costs 118 jobs
Carlisle Industrial Brake and Friction has notified the state that it will close a manufacturing plant in Logansport, resulting in the loss of 118 jobs.
Greensburg manufacturer sold, jobs moving to Oklahoma
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
Cummins reports plunge in profit, revenue
Cummins Inc. said profit for its fiscal third quarter fell 59 percent and sales dropped by 31 percent compared to the same
period last year, though the company said its profitability and cash position improved from the second quarter.
Grill maker to locate HQ in Indiana, hire 300
Waterloo, Ontario-based Onward Manufacturing Co. Ltd. announced Wednesday afternoon that it would locate its first U.S. grill
production center in northeast Indiana, creating more than 300 jobs in Huntington by 2011.
Survey: Manufacturers optimistic about economic recovery
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
House OKs defense bill that funds Rolls Royce engine
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
Accuride restructuring under Chapter 11 bankruptcy
Evansville-based Accuride Corp. filed for Chapter 11 bankruptcy protection Thursday as part of a restructuring of debt.