Hurco suffers loss despite better sales
Indianapolis-based machine tool maker lost $1.5 million in its second fiscal quarter, which was much greater than the loss
it reported in the same period last year.
Manufacturing
Articles
SEO firm Slingshot hitting target from the start
With $1.3 million in annual sales, Indianapolis-based Slingshot generates enough cash to fund its own growth—and turns away about half of its prospective clients, all of whom want to get their websites to pop up high on the first page of Google search results.
EnerDel’s potential luring backers despite steep losses
The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing
to fund a business plan that could bring revenue to nearly $1 billion within five years.
ALTOM: Securing your Wi-Fi is worth your trouble
If you’ve got a wireless (Wi-Fi) router, you could be in some serious hot water if it’s not properly secured.
Factory orders post 1.2-percent April increase
Excluding transportation, orders actually fell 0.5 percent, the poorest showing in 13 months.
EnerDel parent lands $65M investment
The parent company of lithium-ion battery maker EnerDel has landed a $65 million investment from its largest shareholder.
Toyota to move Highlander production to Indiana
Toyota began manufacturing the Highlander SUVs in November 2000 and has been making between 1,000 to 9,000 gasoline vehicles
a month. In April, it produced about 1,900 units.
UPDATE: Alcoa, union reach tentative agreement
Aluminum giant Alcoa Inc. reached a tentative agreement on a new contract with its largest union Tuesday. It still must be ratified by union members in Indiana and seven other states.
EnerDel forms joint venture with Chinese autoparts maker
Battery company will offer expertise to help Wanxiang build Chinese factory, fill backlogs. Indiana employment could reach 3,000, but there’s no target date for achieving that milestone.
Fort Wayne makes new push to keep Navistar operation
Fort Wayne officials are working to persuade Navistar to keep its truck design center with more than 800 workers in the city
after the company dropped plans to move its operations to a Chicago suburb.
Northstar Aerospace closing Anderson plant
The Anderson plant, which opened in 2006 and makes aircraft parts, has about 40 employees.
City hosting U.S.-China vehicle summit
Event will bring together a delegation of Chinese automakers and Indiana manufacturers to explore business opportunities relating
to hybrid and electric vehicles.
Optiform customizes software to improve capture and management of data
The 12-person firm led by CEO Scott McLaughlin recently “graduated” from five years at the Indiana University Emerging Technologies Center
and finished a profitable year.
ALTOM: Is your computer being commandeered under your nose?
Around the world, tens of millions
of computers are infected with sly viruses that invisibly take over a machine, letting it continue working but redirecting
part of its time to doing nefarious things, like storing ill-gotten data or sending out spam ads for improbable enlargements
of body parts.
Mitsubishi planning Franklin expansion
A Franklin manufacturing facility is planning a $9.4 million expansion project that would more than double employment over
the next two years.
Tipton County OKs $13M bond to help sell Getrag plant
The Tipton County Council on Tuesday unanimously approved $13 million in incentives intended to help land a solar power firm
interested in buying the empty Getrag plant on U.S. 31 near Kokomo.
Old General Motors sites could receive $800M for clean up
The proposed sites include the Indianapolis Stamping plant on the west side and the former GM Delco Plant 5 in Kokomo.
Tipton County Council to vote on Getrag site incentive
The $13 million bond would be used to lower the price of the abandoned plant to help lure a company that is considering
manufacturing solar panels at the site.
OrthoX receives top Mira award
South Bend-based company wins Innovation of the Year honor for its development of orthopedic implants product.
Business inventories rise for third straight month
Total business sales rose 2.3 percent, the best showing in four months and the sixth straight gain in sales.