Florida firm takes majority ownership in Remy
A Florida title insurer and mortgage service has increased its ownership of Pendleton-based manufacturer Remy International Inc. to 50.2 percent.
Manufacturing
Articles
Anderson seeking new Nestle production line
Leaders of a central Indiana city are trying to persuade Nestle to pick it for a new production line at an existing plant that could add about 100 jobs.
Cummins cools off, but Seymour expansion still in works
Cummins Inc.—a company that quadrupled its profits in two years—has shifted to cost-cutting mode amid a drop in global sales, but the Columbus-based engine manufacturer says it’s still on track to increase sales from $18 billion in 2011 to $30 billion in 2015.
TechPoint plans summit, entrepreneurial bootcamp
The first-ever Indiana Entrepreneurial Bootcamp will only be open to the first 100 who register.
Local distillers produce Indiana sorghum spirit
Two central Indiana entrepreneurs are making a new spirit from an old crop—supplied largely by an Amish farmer who doesn’t drink alcohol. The product is Sorgrhum, a distilled liquor made from the syrup of sweet sorghum, a stalk-like grain used as a sweetener before sugar cane became widely available.
Violations persist after fatality at Shelbyville glass factory
A Shelbyville glass factory has had almost two years to address safety violations resulting from a worker’s death, but the state says the plant still has a lot of the same problems. Pilkington North America faces $150,000 in fines after an Indiana Occupational Safety and Health Administration inspection in March and April.
Ohio firm buying former Really Cool Foods plant
Sugar Creek Packing Co.'s $13 million bid was the only offer submitted for the plant, which is near Cambridge City in eastern Indiana.
Vincennes turkey plant expected to employ hundreds
Gov. Mitch Daniels plans to attend the groundbreaking for Farbest Foods' $70 million factory. The state dangled $3 million in incentives to attract the company.
Indiana auto parts maker plans factory expansion
Seymour Tubing Inc. is planning a $20 million project to expand and buy new equipment for a southern Indiana factory. The expansion help the company retain 460 workers and add 20 more.
ExactTarget brings in record quarterly revenue
Record second quarter revenue for ExactTarget Inc. wasn’t enough to generate a profit, the company said Thursday afternoon.
Allison Transmission sets rate on $500 million loan
Allison Transmission Inc., the locally based maker of transmissions for trucks, buses and the military, set the interest rate it will pay on a $500 million term loan the company is seeking to refinance debt.
Slingshot SEO branches out after Google throws it for a loop
Search-engine optimization remains part of Slingshot SEO’s name. But one of the region’s fastest-growing tech companies is abruptly shifting strategy—in part because changes by Google have undercut its core business.
Former chamber head Dorson joins startup ViewYou
Startup ViewYou, which launched in October 2011, provides matchmaking services for job-seeking college students and companies with open positions.
Interactive Intelligence acquires Maryland company
Interactive Intelligence, a developer of communications and interactions-management software, purchased Bay Bridge Decision Technologies in an all-cash transaction effective Aug. 1. Terms of the deal were not disclosed.
BrightPoint takes quarterly loss despite uptick in revenue
Indianapolis-basedBrightPoint Inc. suffered a $4.1 million second-quarter loss despite a 3-percent increase in revenue, the Indianapolis-based wireless device distribution and logistics company said Wednesday afternoon.
RV parts suppliers plan to add 260 jobs in Indiana
Lippert Components Manufacturing Inc. and Kinro Manufacturing Inc., divisions of White Plains, N.Y.-based Drew Industries Inc., said they will bring the jobs to Elkhart and Goshen by 2015 as part of a $3.7 million expansion.
Fastest-growing Slingshot SEO changes strategic course
Slingshot SEO Inc., a fast-growing Internet marketing firm that made a job-creation deal with the state in 2011, said Monday that it was eliminating about 15 percent of its work force—or roughly 15 employees.
Whirlpool to close Indiana center, move work to Michigan
Whirlpool Corp. announced Monday it plans to shut down the last of its operations in a southern Indiana city, a plant that employed more than 1,500 workers a few years ago.
Marketing software firm CIK plans to expand, add 57 jobs
CIK Enterprises LLC, a marketing software and services firm, plans to add the jobs by 2016. The company will continue to lease a 30,000-square-foot facility on the city’s west side.
Caterpillar laying off 167 workers in Lafayette
Caterpillar Inc. says it's laying off nearly 170 workers at its Lafayette Large Engine Center in response to a drop in demand.