Indiana’s largest military contractors are questioning their future operations as they await word on whether the U.S. Department of Defense will lose up to $1 trillion in funding in the next decade.
About 100 workers will staff the new plant, which will be constructed by spring 2014 and ready for operations in 2015. But only “some” of that number will be new hires.
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
The Columbus-based manufacturer of diesel engines reported profit of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, in the year-ago period.
Hitachi Powdered Metals (USA) Inc.said it will invest $38.4 million to build and equip a second facility on its 30-acre campus in Decatur County.
The maker of snack foods such as Pop Secret popcorn and Emerald nuts said it will close its Fishers plant, which it purchased in 2006 from Harmony Foods Corp., on Jan. 31.
Allison Transmission Holdings Inc.’s profit dropped 17 percent in the third quarter after sales slid 14 percent.
Indianapolis-based ExactTarget Inc., the fast-growing e-mail marketer that went public in March, is likely being looked at as a possible takeover target by software giants including Microsoft, Oracle and SAP, according to industry experts.
The state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
The money, long ago diverted by Gov. Daniels to the state’s general fund, would help reduce landfill waste and lower manufacturing costs.
In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.
Michigan-based Cequent Performance Products factory is planning to close a 450-worker factory in Goshen where it makes trailer hitches.
Hy-Pro Filtration plans a $10.5 million construction project for its new facility and will move more than 100 employees from Fishers to Anderson next year.
Navistar International Corp. said Monday that it reached long-term supply agreements that will allow the company to put Cummins Inc. engines in some of its largest trucks, as well as use its emissions-reducing technology.
Boiling down the dozen pitches from budding entrepreneurs at Thursday's Startup Bowl reveals vital themes: the mammoth influence of mobile, an intense craving for consumer data, and the relentless pursuit of revenue.
The Hire Technology manufacturing-logistics curriculum was developed by Conexus in partnership with Ivy Tech Community College.
Engine maker Cummins Inc. says it will lay off at least 150 workers from its southern Indiana factories as it carries out its plan to cut up to 1,500 jobs worldwide by year's end.
More money, mentoring would add fuel to lively industry.
A union president says no layoffs are planned among the research, technical and support employees at Indiana operations as engine maker Cummins Inc. makes cutbacks.
The Batesville-based conglomerate best known for making caskets is making its biggest move yet to diversify away from the funeral care business.
