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.
Manufacturing
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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.
Couple’s germ-fighting robot keeps humans safe
The skill sets of husband-and-wife duo Jason and Diana Brugh are as perfectly blended for the task they aim to accomplish as the abilities of the integrated robots they’re building to kill germs and fight coronavirus in the workplace. Diana Brugh is a microbiologist with experience in food science and working with bacteria- and virus-killing […]
Subaru pressing ahead with plans for $158M expansion in Lafayette
The automaker, which announced its expansion plans just weeks before COVID-19 began disrupting the economy, says the project won’t be affected by the pandemic.
Indiana unemployment rate improves to 11.2% in June
Private sector employment increased as employees returned to work in the hospitality and manufacturing sectors, as well as in educational and health services.
U.S. industrial production surged 5.4% in June
The June performance was better than the forecasts of most economists and reflected the reopening of many parts of the U.S. economy after lockdowns in the spring.
Centrifuge company plans to boost workforce in $2M local expansion
Dexter, Michigan-based Trucent plans to add nearly a dozen workers and more than double the size of its CentraSep operations in Noblesville by early next year.
Novartis unit to build plant for targeted cancer drugs in Indianapolis
A subsidiary of Swiss drug giant Novartis AG announced plans Tuesday to build a targeted radioligand therapy plant at Purdue Research Park near Indianapolis International Airport.
Segway, popular with police but not the public, hits brakes
Segway, which boldly claimed its two-wheeled personal transporter would revolutionize the way people get around, is ending production of its namesake vehicle.
Cummins to form joint venture with hydrogen storage company
The announcement marks the latest in a series of steps the Columbus-based engine maker has taken in recent years to diversify its offerings in alternative-energy power systems.
U.S. industrial production bounced back 1.4% in May
American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll.
Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
Novelty-products firm BigMouth falls silent after years of hype
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
New institute may distribute $4M to manufacturers adopting smart technologies
The grants would lower barriers that manufacturers face when they try to digitize their operations by incorporating 3D printing, wireless infrastructure, energy resilience equipment, industrial internet-of-things sensors, cybersecurity and other smart technologies.
Engine maker Rolls-Royce cutting 9,000 jobs as aviation reels
It doesn’t appear as if those cutbacks will have a significant impact on Indianapolis, where Rolls-Royce employs about 4,000 people.
Italian steel firm to build $15M North American HQ in Indiana, hire 100
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021.
Industrial production plunged unprecedented 11.2% in April
American industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009.
Taiwan company to build $12B semiconductor factory in United States
A Taiwan-based maker of silicon chips plans to build an advanced semiconductor factory that will create more than 1,600 high-tech jobs, officials announced Thursday.