Cummins brought in $176 million—a tiny fraction of its overall revenue—from its electric and hydrogen products last year. But the company expects revenue to hit as much as $13 billion in 2030.
The rebranding is an attempt to differentiate what until now had been known as Cummins’ New Power business unit, giving it a separate identity from the rest of the 104-year-old company, which has traditionally been known for its diesel engines.
Spinoff Atmus Filtration Technologies was originally founded in 1958 as the Seymour Filtration Co., based in Seymour, Indiana, with a single filter production line to support Cummins diesel engines.
Parker Lord plans to migrate 102 employees from its 214,000-square-foot existing facility at 5101 E. 65th St. and hire another 55 at the new facility in Lawrence.
The initiative intended to promote domestic manufacturing and fuel a blue-collar renaissance is running into a problem: The United States no longer produces many of the items needed to modernize roads, bridges and ports.
The expansion, which involves additional equipment at the existing facility and a new 32,500-square-foot building, is expected to increase employment by 42 workers.
The company has made personalized cases for professional skateboarder Tony Hawk out of his old skateboard decks. Other customers include “Today” show weatherman Al Roker and Styx drummer Todd Sucherman.
The latest data—released Wednesday—underscores how a combination of rising interest rates, waning demand for merchandise, and economic uncertainty are weighing on factory activity.
A Chicago-based building-enclosure manufacturer that dropped plans to construct a $9.3 million plant in northwest Indiana has instead taken up shop in Indianapolis and already hired 70 workers.
Logansport-based Fiberglass Freaks specializes in building detailed replicas of the 1966 Batmobile, complete with a Batphone. The cars sell for $299,999.
The company plans to create 250 new jobs over the next five years in Noblesville and retain and relocate 400 employees to the 580,000-square-foot complex.
The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.
The Wall Street Journal first reported Friday that General Motors Co. and Korea-based LG Energy Solution failed to come to an agreement on building a fourth plant through their Ultium Cells joint venture.
The residents say the city of Lebanon failed to follow state zoning law when it annexed 5,200 acres of land for the planned LEAP district in Boone County.
The extra weight that EVs typically carry stems from the outsize mass of their batteries. To achieve 300 or more miles of range per charge from an EV, batteries have to weigh thousands of pounds.
Without cost reductions, EVs will be too expensive for the middle class, shrinking the market and driving costs up more, CEO Carlos Tavares told reporters Thursday at the CES gadget show in Las Vegas.
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping to their lowest level in more than a decade.
The Institute for Supply Management’s gauge of factory activity fell to 48.4 last month, the lowest level since May 2020 and down from 49 in November, according to data released Wednesday.
The company’s results have been solid this year in terms of profit and revenue, but electric vehicle models from other automakers are starting to chip away at Tesla’s dominance of the U.S. EV market.
Indianapolis-based Mi-Tech Tungsten Metals LLC has been acquired by Towanda, Pennsylvania-based Global Tungsten & Powders Corp.
