Telecom equipment, services firm laying off 300 workers
KGP Telecommunications LLC says a major customer recently reduced its business with the firm, necessitating the layoffs at two Warsaw facilities.
Manufacturing
Articles
Security products company Allegion reports rising revenue, profit
The company, which is based in Ireland but has its Americas region headquarters in Carmel, reported a higher quarterly profit than analysts had expected.
Hundreds of companies excused from steel tariff, analysis shows
Two Indianapolis-area subsidiaries of Japanese companies are among hundreds of firms granted permission to import millions of tons of steel without paying the hefty tariff President Trump put in place to protect U.S. manufacturers and jobs.
Northern Indiana wheelchair accessory maker to move HQ to Carmel
Winamac-based BraunAbility plans a $7.5 million expansion project that includes moving its headquarters to Carmel and building a new research and technology center.
Automakers recall 1.7M cars with potentially fatal airbags
Cars from Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are included in the latest round of recalls involving airbag inflators that can hurl shrapnel into drivers and passengers.
Cummins says sales growth to slow after robust 2018
The Columbus-based engine-maker, which saw revenue increase 16 percent last year, expects revenue in 2019 to fall between flat and up 4 percent.
Indiana factory that employs more than 300 set to close
Schneider Electric said production at its factory in Peru is being shifted to other states and Mexico.
Westfield sees advanced manufacturing as new growth engine
As Bastian Solutions, a Carmel-based subsidiary of Japan-based Toyota Industries Corp., prepares to open its Westfield facility along U.S. 31, city leaders are working to woo other companies like it.
Local venture firm invests $2.5M in company that makes food from waste
Renewal Mill is the first announced recipient of funding from HG Ventures, the venture capital arm launched last year by the Indianapolis-based Heritage Group.
Cummins CFO to retire after 32 years with company
Retiring CFO Pat Ward will be succeeded by an internal candidate, longtime Cummins employee Mark Smith.
Sun King seeks fast, but smart, growth
It’s daunting to keep tabs on what Sun King Brewing Co. is doing these days.
Local mattress maker Foamcraft enters national bed-in-a-box market
Foamcraft Inc., an Indianapolis-based foam-products manufacturer than began selling mattresses less than two years ago, plans to compete directly with online mattress behemoths such as Casper, Leesa and Purple.
U.S. new-vehicle sales unexpectedly show 2018 increase
Sales of new vehicles in the United States rose slightly in 2018, defying predictions and highlighting a strong economy.
Union sues GM, says laid-off workers should replace Indiana temps
The United Auto Workers union is accusing General Motors of violating a national contract by using temporary workers in Indiana instead of employing full-timers who were laid off from its factories.
Indiana has good corporate citizens, but improvements still can be made, panelists say
Business and political leaders at the annual Engage Indiana event stressed the importance of public and private collaborations in helping improve communities and retain workers.
In major deal with Boeing, Rolls-Royce to make engines for new unmanned Navy aircraft
Rolls-Royce in Indianapolis has been selected to build the jet engine to power the revolutionary MQ-25 Stingray.
Indianapolis-based Contour Hardening has new leader, huge growth plans
The small manufacturer in the niche metal heat-treating industry has a new CEO, a new outlook and plans to more than triple annual revenue in five years.
Christmas tree farmers combat popularity of artificial trees
Between 75 percent and 80 percent of Americans who have a Christmas tree now have an artificial one, and the $1 billion market for fake trees is growing at about 4 percent a year.
Indianapolis manufacturer planning move to Westfield
Indianapolis-based metal additive manufacturer 3rd Dimension Industrial 3D Printing has plans to move into a building in Westfield that is six times larger than its current facility.
Car parts maker planning to triple workforce in Richmond
The subsidiary of Israel-based Omen Casting Group wants to boost production to help meet demand in America and Germany for its aluminum drivelines, steering components and oil pumps.