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.
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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.
Chrysler plans to spend $300M retooling Kokomo plants
Investment in transmission and casting plants, however, hinges on city’s ability to offer tax abatement.
Packaging manufacturer plans 22 jobs in Westfield
Carmel-based CPS Inc. is moving into an existing 64,800-square-foot building and will begin hiring in July.
Allison Transmission, supplier feuding in court
A dispute between Allison and a major supplier over allegations of defective parts has grown so contentious that
the supplier is threatening to halt shipments—a move Allison says could force it to shut down.
Knauf Insulation sues NatCity over $8M investment loss
One of Shelby County’s largest employers is suing NatCity Investments Inc. to try to recover nearly $8 million in losses on
auction-rate securities. Knauf Insulation filed suit in Shelby Superior Court in March, saying NatCity should repay the money
in accordance with a settlement the bank reached with federal regulators in March 2009.
Brightpoint reports higher revenue, earnings
Brightpoint handled 22.5 million units in the first quarter, a jump of 21 percent compared to the first quarter of 2009.
Subaru adding production at Lafayette plant
Japanese automaker has boosted employment by 200 since August to meet demand for its Outback and Legacy models.
Vontoo CEO to receive TechPoint Trailblazer Award
Robert Compton will receive the honor for his contributions to the state’s high-tech sector at the Mira Awards program May
15.