Allison Transmission struggling to rev up investors
After the stock in the manufacturer of commercial transmissions bottomed at $15.82 in June, some investors began sniffing a bargain.
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Hoosier Momma growing sales, ambitions
Seller of Bloody Mary mix adds new concoctions, broadens distribution to seven states.
Allison, two others partner on new transmissions
Allison Transmission Inc. has entered a partnership with two other companies to produce high-efficiency NuVinci CVP transmissions.
Rushville manufacturer to add up to 45 jobs in $26M expansion
Intat, a subsidiary of Japan-based Aisin Takaoka Co. Ltd., makes metal casting pieces for use in auto manufacturing. It employs about 230 people in Rushville, about 40 miles southeast of Indianapolis.
Auto parts manufacturer plans plant, 47 jobs in Shelbyville
Faeza Alloyers USA, a metal alloys manufacturer and fabricator, said it will invest nearly $7.6 million to construct and equip a 36,000-square-foot facility in Shelbyville, its first in the United States for the Mexico-based company.
Food-equipment maker closing state plant with 235 workers
Manitowoc Foodservice said it will eliminate 235 jobs with a Fort Wayne plant closure slated for April 30. The company gave no reason for its decision.
Food manufacturer plans $28.5M project, 400 jobs in Indiana
An Ohio-based food manufacturer announced Monday morning that it plans to spend $28.5 million to expand a vacant food plant in eastern Indiana, creating up to 400 jobs by 2016. The plant was formerly used by Really Cool Foods.
Eli Lilly aims to ramp up social media presence
The drugmaker recently drafted social media guidelines it hopes can help it expand its use of social media to more of its employees—without running afoul of regulators.
Cummins starts hiring freeze as sales slow
Engine maker Cummins Inc. says it has instituted a global hiring freeze for at least the rest of this year with an uncertain impact on announced expansions of Indiana operations.
Cummins distributor plans to add 75 jobs in Indianapolis
Indianapolis-based Crosspoint Solutions LLC, a manufacturer of electric auxiliary power units, plans to hire the workers by 2016 as part of a $935,000 expansion.
Carbon Motors still part of plan to revive Connersville plant
The maker of high-tech police cars would occupy about a third of the plant if buyer of facility makes good on $4 million purchase offer.
Strong Subaru sales might boost Indiana plant work
Subaru reported August sales up more than 35 percent from a year ago, joining other automakers in pushing U.S. sales to their highest level in three years. That could lead to increased production at its central Indiana factory.
New company focuses on making football helmets that reduce concussions
Bill Simpson, famous for pioneering multiple advances in auto-racing safety, has turned his attention to a new sport. His new company, SGH Helmets, is making a football helmet that Simpson hopes will help prevent concussions.
EnerDel charged up over utility market
Locally based EnerDel, maker of fuel-efficient lithium-ion batteries, is steering away from the disappointing electric-vehicle market. Its new strategy: batteries for utilities—especially in emerging markets where electric grids can be unreliable, which increases the need for backup power supplies.
Bell Techlogix landlord buys tech firm’s new headquarters
Philadelphia-based BPG Properties Ltd., which owns the building at 8888 Keystone Crossing that Bell is vacating, has purchased Bell’s new headquarters at 4400 W. 96th St.
Toyota adding jobs this fall at Indiana factory
Toyota says it is hiring the first wave of new employees this fall for an expected 400-person addition to the work force at its southwestern Indiana factory.
Software firm Interactive Intelligence needs more space
The call center software maker won’t comment on a report issued earlier this month by Jones Lang LaSalle that said the company is shopping for more than 225,000 square feet of office space.
Cutting bills fuels growth of Health Systems International
Health Systems is on pace this year for nearly $50 million in revenue, up from $42 million last year and just $4.5 million eight years ago. The Indianapolis company processes claims for health insurers when patients receive out-of-network care.
Tech companies converge in Warehouse District
Right On Interactive next month plans to move its 30 employees from 5,000 square feet at 136 E. Market St. to about 7,000 square feet on the second floor of Allen Plaza, the luxury condo complex at 1 Virginia Ave.
Shelbyville factory in trouble again, faces record IOSHA fines
Pilkington North America faces $453,000 in proposed penalties after state inspectors detected 29 new safety violations at the plant, according to agency documents.