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.
Manufacturing
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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.
Trump: Virus shows supply chains should be moved from China
President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, as he blamed that country anew for not doing enough to slow the pandemic.
Saab hires Hoosier native to lead high-tech facility at Purdue’s Discovery Park
Indiana native and Purdue graduate Robert Ulibarri, 37, has been named general manager for Saab’s aerospace facility in Discovery Park, where he will lead the advanced manufacturing and production for aerospace systems.
Allison Transmission sees first-quarter profit, revenue decline
The Indianapolis-based manufacturer took a blow in the first quarter due to the pandemic, but still turned in results that exceeded analyst expectations.
U.S. manufacturing sees April decline as pandemic takes toll
The news was bad across the board: Production, new orders, hiring and export orders all fell faster in April than they did in March.
Allison Transmission lands $162M government contract, cuts 272 jobs
The company, which shut down some of its production lines beginning March 30, said the uncertainty caused by the COVID-19 pandemic is forcing it to cut 272 jobs.
Q&A with Susan Murray Carlock, Mursix Corp. co-owner
Mursix is producing 500,000 face shields a week. Buyers include hospitals, the state of Indiana and nursing homes.
Factories’ new reality: Temperature checks, sanitizing, face masks
From production routines and work schedules to health screenings and visitor policies, Hoosier manufacturers say COVID-19 has forced them to rethink how they operate.
Allegion sees quarterly profit tumble due to COVID-19-related costs
The security-products maker, whose North American headquarters are in Carmel, exceeded analyst expectations despite a $96.3 million impairment charge because of COVID-19-related uncertainty.
President of fast-growing Kennedy Tank & Manufacturing dies of COVID-19
Patrick William Kennedy was the fourth-generation president of three family-owned companies, an avid runner and an active participant in motorsports activities.
Q&A with Rico Elmore, Fatheadz CEO
In response to the COVID-19 outbreak, Indianapolis-based Fatheadz Eyewear and its production partners have started making personal protective equipment for front-line health care workers. Fatheadz CEO Rico Elmore said he shifted the company’s work to safety goggles, safety glasses and splash shields for many reasons, including keeping his employees working. The company is one of […]
Allegion announces $30M in cost-cutting actions at non-U.S. locations
Ireland-based Allegion said it will take actions to streamline its business and cut costs. The company’s North American headquarters is in Carmel.
Winnebago plans to begin reopening Indiana RV plants in May
Winnebago and other RV manufacturers temporarily idled their manufacturing plants last month after stay-at-home orders were issued in Indiana and other states where RVs are produced.
Q&A with Heather Givans, Crimson Tate owner
Givans is busy selling her spirited, printed fabrics—some of which she has designed—to customers who are making masks for themselves and others.
Cummins to suspend production at southern Indiana plants
The engine-maker says it will close three Columbus manufacturing sites and one in Seymour until May 4. The news comes a day after the company announced that it would temporarily reduce the salaries of its U.S. employees by 10% to 25%.