Indiana company planning hybrid van gets GM backing
Anderson-based Bright Automotive is getting a boost from a $5 million investment by General Motors’ new venture capital arm.
Manufacturing
Articles
Hillenbrand profit falls on acquisition costs
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
Calumet see smaller loss in second quarter
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.
IU gets $9.2 million grant for 2 global networks
Indiana University has won a $9.2 million federal grant to lead two high-speed global networks intended to boost scientific
collaborations between U.S., European and Asian researchers.
Enforcement lax on teen-driver mobile-phone ban
Indiana State Police report ticketing only one driver for violating the cell phone ban, and a state agency that tracks infractions
for 160 police departments could find just two other citations.
$6.6M grant to help project at Crane tech park
A federal grant will pay most of the costs for an $8 million conference center that officials hope will help attract business
to a technology park near the Crane Naval Surface Warfare Center.
State steps up chase for data centers
Jam-packed with expensive equipment, data centers represent huge capital investments in a relatively small footprint. That
can mean steep property tax bills, though Indiana allows communities to exempt a portion of that tax. Jobs-hungry Indiana
is eager to attract more of these climate-controlled computing fortresses.
Upstart automaker Bright faces tough road in competitive niche
Two years after Bright Automotive was founded, the prospect of thousands of Indiana factory workers cranking out Bright’s
100-mile-per-gallon “IDEA” delivery vans by 2012 seems dim.
Kokomo GM plant ‘assessing’ business operations
GM spokesman Kevin Nadrowski says officials at the Kokomo Integrated Circuit Fab plant met with 375 workers Wednesday to
say they're "assessing the business model at the plant based on recent business developments."
Frankfort manufacturer to build plant in Tennessee
NHK Seating of America’s plant in Murfreesboro is expected to employ up to 224 workers when all phases of production are operating
in 2015.
CEO of local chocolate company stepping down
Wayne Zink of Endangered Species Chocolate will become chairman of the company’s not-for-profit foundation. Chief Operating
Officer Curt Vander Meer will replace him as CEO.
Cummins’ profit rises on strong overseas sales
Columbus-based diesel engine manufacturer raised its full-year earnings forecast after second quarter profit rose to $246
million.
Interactive Intelligence reports higher profit, revenue
The Indianapolis-based company reported second quarter profit of $2.5 million on increased sales of
its business communications software.
Exchanges sprout around the country
When the Indiana Health Information Exchange launched in 2004, it was one of nine truly operational exchanges around the country.
Today, the Indianapolis-based organization is one of 73, according to the latest national survey by the eHealth Initiative.
Vehicle fumes make dozens ill at industrial park
About 100 Lockheed Martin were overcome by exhaust fumes that came from a semi-tractor for an IndyCar team that was switching
trailers at the industrial park building near Indianapolis International Airport.
Federal agents’ raid hits University Loft at tough time
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two
weeks ago. Still, University
Loft’s work force is almost 50 percent off its recent peak.
Wolf Technical Services wins Army Corps contract
The company has been hired to refine technology that detects whether a vehicle might be carrying suspicious cargo, including
explosives.
Gas City close to deal with furniture maker
The Gas City council has approved granting up to $2.5 million in economic revenue bonds for Echelon Furniture Inc. to locate
in a plant that Amcast Automotive shut down in 2006.
Auto plant’s 300 jobs draw 3,000 applicants
The response to openings at a Chrysler transmission plant in Kokomo reflects the large number of people out of work, a union
official said.
Rolls-Royce snags $70M contract to service Canadian fleet
British firm’s Indianapolis manufacturing facility will provide engine management and repair services, as well as logistics
and on-site technical support for Canadian military transport aircraft.