Aerospace company plans central Indiana factory expansion
L&E Engineering Co. officials say the company will spend $3.7 million to expand its Greenwood factory and add about 40 employees.
Manufacturing
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Bloomington manufacturer closing, laying off 72
Hartmann USA said Wednesday that it will move the Bloomington operations to its U.S. headquarters in Rock Hill, S.C., where it plans an $18 million expansion.
Manufacturer planning expansion, 100 jobs in Boone County
CNH Parts & Service, the product-support division of international manufacturing giant CNH Global NV, plans a $13.3 million expansion in Lebanon.
Broad Ripple telecom firm plans big growth, 183 jobs
Founded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and plans to invest $4.1 million as it aggressively hires new employees.
nFrame data center to get new identity
The change to the Expedient moniker is not expected to affect the center's 40 employees and 300 customers.
Slingshot is shifting aim away from SEO
After Google cracked down on some of the tools companies were using to improve their positions in search results, Indianapolis-based Slingshot SEO opted to launch a sister brand called Digital Relevance that will focus on earning media attention.
Subaru to invest $400M in Lafayette plant, hire 900
The Japanese car maker already employs about 3,600 people at the plant and builds the Legacy and Outback cars and the Tribeca SUV. With the new investment, it will boost capacity by 100,000 cars and begin making the Impreza.
Subaru planning major expansion in Indiana
Subaru plans to expand its Lafayette factory and add hundreds of workers to build the Impreza small car there, a source briefed on the matter says.
Indiana firms lose ground on Fortune 500 list
Five of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year’s list of the largest U.S. companies.
Entrepreneurs vie for invites to reality TV summer camp
Twelve lucky entrepreneurs chosen from hundreds of applicants will spend two months this summer in a luxury facility working on bringing new business ideas to market.
Rolls-Royce to produce engines for new reconnaissance copter
Indianapolis manufacturing operations will provide cutting-edge engines for the latest generation of helicopter drones to be used by the U.S. Navy.
Cummins earnings widely miss predictions
The Indiana-based engine maker announced a larger-than-expected drop in quarterly profit Tuesday morning, as revenue fell 12 percent on weak demand for its products in domestic and international markets.
International Paper to fold local plant, laying off 91
The shutdown is the latest in a recent string of layoffs and closures by the global company in its Indiana operations.
Hostess to open bakery in Indianapolis
Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands.
Venture capital favoring later-stage firms
Getting $50,000—often from friends and relatives—to develop a product and set up a company still is easy enough in Indiana, small-business leaders and venture capitalists say. But once a firm needs a few million dollars to grow into a revenue-generating operation, the area can’t compete with Silicon Valley’s magnetism for venture capital.
Dow AgroSciences grows sales, earnings to new heights
Record sales for seeds and new crop protection products helped boost revenue 14 percent at Indianapolis-based Dow AgroSciences LLC in its new fiscal year.
Brown, Interactive Intelligence among Mira winners
BidPal picked up two awards at TechPoint’s annual event, which drew 1,000 to the JW Marriott downtown Saturday night.
Execs at Chromcraft Revington enter talks to buy firm
Members of the management team are in negotiations to buy the West Lafayette-based furniture maker, which recently moved to delist from the New York Stock Exchange.
Grand Design RV plans 500 jobs in Elkhart County
Grand Design RV in Middlebury on Thursday said it plans to locate its headquarters and manufacturing operations in the Elkhart County town about 30 miles east of South Bend.
Lilly’s $30.6M tax abatement request clears hurdle
The pharmaceutical firm has $400 million in projects in the works for its facilities south of downtown. City officials have advanced its request for tax breaks to a public hearing and final consideration May 1.