U.S. factories showed growth in January, but at slower pace
The Institute for Supply Management’s survey of businesses showed that 16 of 18 manufacturing industries showed growth in January. The contracting industries were printing and petroleum.
The Institute for Supply Management’s survey of businesses showed that 16 of 18 manufacturing industries showed growth in January. The contracting industries were printing and petroleum.
De La Fontaine Industries announced Wednesday that it plans to open a plant in Indianapolis that will employ up to 20 workers by the end of 2023.
The ISM manufacturing index stood at 60.7 in December, up from 57.5 in November and 47.8 in December 2019. A number above 50 indicates growth in the manufacturing sector, while a number below 50 indicates contraction.
Purdue University is partnering with numerous industry and government partners to develop what the university says will be the first-of-its-kind “smart manufacturing” undergraduate degree program.
As part of an effort to become more streamlined and reduce its debt, Batesville-based Hillenbrand Inc. is in the midst of multiple divestitures.
U.S. industry operated at 74.5% of capacity in December, still below the pre-pandemic rate of 76.9% in February.
The first product for the new venture called BrightDrop will be an electric-powered wheeled pallet that will take goods from the warehouse to trucks and from trucks to destinations. Then GM will roll out a clean electric delivery van.
CEO Michael Doar said the company was encouraged by “growing demand we saw in certain markets in the second half of the fiscal year, particularly in Europe and Asia.”
The U.S. economy collapsed from April through June but since that time manufacturing has posted solid gains, while the services sector, which includes restaurants, bars and the travel industry, has been harder hit.
Safeguards manufacturers put in place to try to protect workers have helped plants nearly keep up with last year’s production levels. But with the virus spiking in communities that surround the plants, industry and union officials say it may be impossible to keep the virus out of factories.
Like Delta, Kraus USA makes sinks, faucets and other accessories for kitchens and bathrooms. Delta also was attracted by Kraus’ strong online retail presence.
Production of motor vehicles and parts rose 5.3% in November, the biggest monthly increase since a 31% surge in July.
Arizona-based Foam Fabricators has increased staffing by 20% at its New Albany plant to keep up with demand for the coolers that will be used for the vaccines developed by Pfizer and Moderna.
Allegion executive Tim Eckersley, who has led the company’s Americas division since 2013, will shift to lead the company’s operations in other parts of the world.
The incoming administration is widely expected to embrace a more multinational approach to U.S. trade policy, moving away from the “America first” strategy embraced by President Trump.
Leedy Manufacturing Co. in 1910 built a three-story building at the corner of Palmer Street and Barth Avenue, later expanding it to more than 51,000 square feet, to build drums.
Orangeburg, New York-based Nice-Pak said it will add 90 more jobs than originally planned and increase the size of a new facility to 1.2 million square feet. The $165 million project is slated to open in 2022.
The Columbus-based manufacturer is bullish on hydrogen’s possibilities to power everything from buses, trains and trucks to industrial equipment.
The strength in October came primarily from the volatile category of defense orders, with demand for military aircraft surging by 79.1%.
Cook has partnered with Goodwill of Central & Southern Indiana and several other community organizations to build the manufacturing facility, which is expected to employ 100 employees on the northeast side of Indianapolis.