CEO says transformation prepped Remy International for IPO
Remy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder for business-school case studies of the 21st century.
Manufacturing
Articles
Second whistleblower joins suit against Rolls-Royce
A second person has joined a lawsuit alleging Rolls-Royce Corp. concealed repeated defects at an Indianapolis aircraft engine plant and fired workers for reporting problems.
Indiana manufacturing sector clawing its way back
Factories are adding jobs, but returning to pre-recession levels will be a long slog.
Manufacturer crosses over from auto parts to caskets
Gestamp Automocion makes metal components for the auto industry, employing 18,000 people worldwide. Now it is branching into the staid niche of casket manufacturing.
Indiana Subaru plant slowing output due to shortage
Subaru of America is slowing production at its Lafayette plant because of a temporary auto parts shortage caused by Japan's devastating earthquake and tsunami.
Remy International files plans for public offering
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
As Japan shutdowns drag on, auto crisis worsens
In the weeks ahead, car buyers will have difficulty finding the model they want in certain colors, thousands of auto plant workers will likely be told to stay home, and companies such as Toyota, Honda and others will lose billions of dollars in revenue.
Sluggish demand for electric car forces layoffs at Ener1
Battery maker Ener1 has laid off about 3 percent of its 770 employees worldwide, partly because of lower-than-expected demand from the Think electric car being assembled in Elkhart. It had about 380 workers in central Indiana.
Cummins’ early start revs growth in China
Columbus-based engine maker Cummins Inc. has been building business in China for 30 years, long before many U.S. companies had even begun formulating a China strategy.Cummins now employs 8,000 people in China and racked up 2010 sales of $3.1 billion.
SPECIAL REPORT: Indiana companies charge into China
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.
High-end home audio gear will be made in Indiana
A team of former Klipsch Group engineers has spent the two years trying to infuse high-end home audio equipment with the all-in-one sophistication of a smartphone.
Pentagon issues 90-day stop-work order on GE-Rolls engine
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
Formstack stuck in suit by Oklahoma tech firm
Online form builder says a lawsuit from Tulsa-based MacroSolve Inc. against it and three other tech firms is without merit.
IT firm sets up shop in Carmel, plans to hire 100
Tech firm Intact Integrated Services has moved its North American headquarters to Carmel, where it plans to add as many as 100 jobs by 2015, state economic development officials announced Wednesday morning.
Brightpoint stock sinks on proposed AT&T deal
Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.
Allison Transmission files for $750M IPO
Allison Transmission Inc. is counting on upgrades to truck and bus fleets in countries like China and India for its future growth, the company revealed in a filing it made Friday to raise up to $750 million through an initial public offering.
Wabash National adding 200 jobs at Indiana plant
Trailer manufacturer Wabash National Corp. is adding 200 new jobs at its north-central Indiana plant to support a new contract to build bulk storage fluid tankers for another Indiana company.
ExactTarget lands on Wall Street Journal list
The company, one of the city’s largest technology firms, is on the newspaper’s list of top 50 venture-funded firms.
Practical IT firm Formstack a quiet success
Formstack, the Indianapolis-based drag-and-drop form builder software firm, isn’t flashy like its California social-media-site sister Formspring, but it’s intensely practical for organizations needing contact forms, order forms and other online business tools.
Plastics specialist Genesis plays to eco-conscious market
Fortville manufacturer plans $3.3 million expansion