The company, which makes stainless steel boat propellers for Yamaha’s outboard engines, invested $20 million to add 110,000 square feet to the facility.
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The 12,000-square-foot addition, named the Center for Machining Excellence, will partly serve as an incubator for other foreign companies that want to do business in Indiana.
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Lilly wants to know how to improve new medicines and speed them to market more quickly. The project promises hundreds of high-paying jobs and could help lift Lilly among a handful of the most valuable companies in America.
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The new funding, for an advanced manufacturing and drug development center, will bring the Indianapolis-based drugmaker’s total investment in the Boone County site to more than $13 billion.
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Amcor, the acquirer, said the deal “brings together two highly complementary businesses to create a global leader in consumer packaging solutions.” Berry is one of the state’s largest public companies.
The largest of the probes covers about 457,000 Ford Bronco Sport SUVs and Maverick small pickups.
The explosion occurred Tuesday afternoon at Givaudan Sense Colour, which produces colorings for food and drinks.
The agency said in documents posted on its website Monday that connecting rod bearings on vehicles with 3.5-liter V6 engines can fail, leading to complete engine failure.
According to the International Association of Machinists and Aerospace Workers, the 33,000 workers it represents can return to work as soon as Wednesday or as late as Nov. 12.
Conexus credited Cartwright with expanding its partnership with the Indiana Economic Development Corp. through the Manufacturing Readiness Grants.
Shipments dropped by 20%, to 1.2 million vehicles, in third quarter. The company is in the process of 20 new product launches globally this year.
In 2023, U.S. revenue from vinyl records grew 10%, to $1.4 billion, the 17th straight year of growth, according to the Recording Industry Association of America.
Indianapolis-based Allison Transmission plans to add 200,000 square feet to its manufacturing facility in Chennai, India, the company announced Thursday, doubling its manufacturing footprint at the site.
Boeing lost $6.17 billion in its latest quarter. The company hasn’t had a profitable year since 2018, and Wednesday’s numbers represented the second-worst quarter in the manufacturer’s history.
Across the industry, auto analysts say, an “affordability shift” is taking root. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price.
Indianapolis-based Deflecto, which describes itself as the world’s leading maker of chair mats, bicycle reflectors and dryer venting supplies, has been acquired by New York City-based Acacia Research Corp.
CEO Carlos Tavares said the company is in a “Darwinian period,” and nothing is off the table including plant closures or shutting down brands.
Stellantis announced a number of significant leadership changes on Thursday, including the timing of CEO Carlos Tavares’ retirement and the departure of its chief financial officer, as it struggles to revive sales in North America.
The Jeep and Dodge maker has been grappling with bloated inventories, high-profile departures and slumping sales in the U.S. after raising prices more than peers.
Sustainea and Primient said the plant would be the largest facility of its type in the United States.
Thirteen industries reported contraction in September, led by printing, plastics and rubber, and wood products. Five sectors expanded.
Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no more than 300,000 vehicles by the end of the year, instead of the first quarter of 2025 as previously planned.
Dabico A-Bridge LLC and its parent company, Dabico Airport Solutions LLC, plan to expand their Indianapolis facilities and add another 151 jobs by the end of next year.
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
