Old Richmond bus plant eyed as manufacturing hub
A Richmond businessman has big plans for the former Carpenter bus plant and property that sits along Interstate 70 on Richmond’s far northwest side.
Manufacturing
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Cummins plans $219 million expansion at Seymour plant
The Columbus-based manufacturer of diesel engines said it will add 290 jobs in Seymour as part of a major expansion that will include new warehouses, additional engineering, production and testing facilities, and a new office building.
Allison earnings rise on surging sales
Allison Transmission Holdings Inc. saw profits rise 57 percent, to $58 million, in the first quarter, the Indianapolis-based manufacturer announced Monday. The earnings announcement was Allison’s first since it went public in March.
Indiana auto-parts maker plans to add 120 jobs
ThyssenKrupp Presta Terre Haute LLC plans to spend $22 million to add three assembly lines and expand its manufacturing facility in Vigo County by nearly 70,000 square feet.
Honda starts building new Acura hybrid at Greensburg plant
Production of the new Acura hybrid comes after the factory started last year building another alternative-fuel vehicle, the Civic Natural Gas.
Law change allows entrepreneurs to market homemade food
Many Indiana home-based food businesses owe their existence to a law enacted in 2009 that allows them to sell certain types of foods at farmers’ markets and their own roadside stands with minimal state oversight.
Startup wants to make pouring beer from the top passe
Josh Springer has moved to Indianapolis his company that designs and sells draft beer dispensers that fill specially designed cups from the bottom up, speeding the process and cutting down on foam.
Angel Learning’s founder thinking big again
IT professor Ali Jafari, who netted Indiana University $23 million on its $130,000 investment in his Angel Learning when it sold three years ago, recently launched CourseNetworking, which allows learners across the globe to connect and chat around shared interests and class subjects.
Mansfield-King lands state incentives for expansion plan
The Indianapolis-based manufacturer and distributor of personal care products plans to add the 144 jobs by 2016 as part of a $3.4 million expansion.
Rolls Royce locks in work on key military program
The British engine maker received a $151 million contract to continue making engines for the V-22 Osprey.
Engine test facility planned for West Lafayette
Automotive Robotics Proving Labs of Peoria, Ill., plans to construct a $10 million, 50,000-square-foot building that is expected to create 30 jobs.
Central Indiana biodiesel producer files for bankruptcy
E-biofuels LLC in Middletown has fallen into liquidation, listing debts of $17.3 million. The closing of the plant leaves four remaining facilities in the state capable of producing biodiesel fuel.
Australian Gold sues to protect product name
Australian Gold LLC, the tanning salon products company led by Steve and Tomisue Hilbert, is in a trademark dispute with a Boston-based online retailer over the trade name Rue La La.
SMC plans $19M Noblesville expansion, 163 jobs
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
Russian investor gives Ener1 fresh start
A Russian timber tycoon who poured millions into a battery maker with Hoosier roots is the new owner of Ener1 Inc. Boris Zingarevich supplied $50 million for Ener1’s March 30 exit from bankruptcy and is moving its headquarters from New York to Indianapolis—already home to its core subsidiary, EnerDel.
Defender Direct founder steps down as CEO
Defender, which sells and installs home-security and satellite systems, said company President Marcia Barnes has replaced David P. Lindsey as CEO. Lindsey will retain majority ownership of the company he founded in 1998.
Young Indy-area tech entrepreneurs enjoy deep support
MyJibe co-founder Mike Langellier is among a new generation of tech entrepreneurs in the Indianapolis area that benefits from a host of support their predecessors never enjoyed.
Indianapolis man awarded $5.6M in factory accident
Ronald W. Hargis lost four fingers from his left hand and underwent a dozen surgeries after being injured by a compression roller while testing new equipment at Flutes Inc. in Indianapolis. Hargis sued the North Carolina manufacturer of the equipment.
Local automobile dealers enjoy big month of sales
New car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap financing. Sales were way up for many Indianapolis auto dealers.
Developer envisions $20M farming operation to replace plant
A local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a sustainable farming operation that would raise fish and hydroponic vegetables.