Fishers firm to help push injectables to market faster
A startup that’s planning to launch a $60 million drug-manufacturing plant sees big growth in contract manufacturing.
Manufacturing
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U.S. retail sales grow for 5th straight month; industrial production falls
Much of last month’s growth came from clothing stores, where sales rose 11%. At auto dealerships and parts shops, sales were up 3.6%.
U.S. Department of Defense picks Indiana for satellite hypersonics research facility
The Joint Hypersonics Transition Office Systems Engineering Field Activity hub will be located at Naval Surface Warfare Center in Crane. A team of 30 engineers and program managers will be based there to support the program.
Indianapolis-based IMH Products acquires Brownsburg manufacturer
IMH said it plans to move Mainstay’s equipment and its 38 employees to its Indianapolis facilities by year’s end. Both companies are in the metal fabrication business.
Manufacturing on rebound, but not for all companies
While the pandemic has devastated Indiana’s tourism and hospitality industries, the picture is decidedly mixed for manufacturing—which constitutes more than a quarter of the state’s gross domestic product.
U.S. industrial production growth slows, up 0.4% in August
Industrial production remains 7.3% below where it was in February, right before economic activity seized up in the pandemic.
Power-tool maker plans 450-worker repair hub in Greenwood
Milwaukee Tool, which will open a 150,000-square-foot facility on Southtech Drive, has been on a growth tear, with employment increasing from 1,000 to 5,000 over the last decade.
Indianapolis personal care products manufacturer Mansfield-King acquired
Founded in 2005 by Charles Haywood, Mansfield-King develops and manufactures products that are sold under its customers’ brand names. The east-side company has 154 employees.
Orders for big-ticket manufactured goods rise for third straight month
The July increase was led by a strong advance in the volatile transportation sector, which was up 35.6%.
Allison Transmission calls new $34.5M test center a ‘game-changer’
The new center, on the manufacturer’s Speedway campus, can simulate extreme heat and cold as well as a variety of altitudes and road conditions.
Mattress-maker plans 350-worker northwest Indiana factory
Corsicana Mattress said the new plant will help it keep up with demand for its growing boxed-bed product line.
Tortilla-making giant plans to open Plainfield plant, hire 544 workers
Mission Foods said it will launch production at a half-million-square-foot plant that will have the capacity to produce more than 187 million pounds of baked goods annually.
U.S. industrial production up 3%; factory output up 3.4%
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
Direct foreign investment in Indiana now a key economic driver
After decades of skepticism, pretty much every Indiana political entity, from small towns to the Governor’s Office, strives to persuade overseas businesses to launch operations in the state,
Calumet Specialty ekes out quarterly profit; CFO stepping down
The specialty hydrocarbon and fuels products producer said Keith Jennings would resign as executive vice president and chief financial officer as of Aug. 31, just eight months after joining the company.
AAA: Partially automated driving systems work inconsistently
Researchers said little had changed from a test of four other vehicles in 2018, prompting the recommendation that automakers stop including the technology on more models.
Cummins exceeds expectations despite historic drop in quarterly revenue
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.
Orders for big-ticket manufactured goods jump 7.3%
The Commerce Department said Monday that the June gain in durable goods orders, which was better than expected, followed an even bigger 15.1% increase in May.
IBJ Podcast: This couple developed a robot that will kill coronavirus in your workplace
Diana and Jason Brugh talks with podcast host Mason King about how they were able develop a robot in just weeks, what it has been like working together, and what the robot costs. Plus, Diana explains her family’s experience with the coronavirus that helped motivate the project.
Indiana boat makers, sellers see coronavirus business boost
Northern Indiana manufacturers of RVs and recreational boats are struggling to keep up with demand as residents take up boating as a safe way to enjoy the summer.