Small, midsize Hoosier companies increasingly jumping into exporting
In central Indiana, 90 percent of companies sell to domestic customers alone, meaning they are missing out on 80 percent of the world’s buying power.
Manufacturing
Articles
Indy-area manufacturer of metal components buys similar firm in Floyds Knobs
With the addition of NetShape Technologies, Westfield’s Metal Powder Products has 1,200 employees in the U.S. and China and annual sales of $200 million.
Allison Transmission reports big jumps in profit, revenue
The Indianapolis-based manufacturer exceeded Wall Street expectations in both earnings and sales in the latest quarter.
Fed rate hikes squeezing even the nation’s hottest automaker
Subaru Corp., the only car manufacturer to boost U.S. sales every year in the last decade, is continuing to offer cheap financing on models even as rates rise, pinching margins in a plateauing market.
German auto parts maker plans Indiana expansion, 120 hires
ElringKlinger intends to add $20.6 million in manufacturing, logistics and information technology equipment to its Fort Wayne plant.
U.S. poultry industry expanding as Americans eat more chicken
As if Americans didn’t have enough chicken on the menu already, production of the nation’s most popular meat is headed for the biggest growth spurt in more than a decade.
Cummins reports strong quarterly sales growth
The Columbus-based engine maker saw fourth-quarter sales jump 22 percent, but it ended up posting a loss because of charges related to tax reform.
Jeffboat says 2nd round of layoffs to trim 226 workers
It’s the second round of layoffs announced at Jeffersonville-based Jeffboat in the past few months.
Sun King plans specialty brewery, taproom at Yard in Fishers
Sun King Brewing Co. has downsized a previous plan to build a major brewery and tasting room in Fishers. It instead plans to open a smaller facility at The Yard at Fishers District that includes culinary incubator space for the overall development.
U.S. government proposes new rules for hog slaughter
The controversial rule changes would have an impact in Indiana, which is the country’s fifth-largest pork producer.
Sony disc plant in Indiana to eliminate about 375 workers
A company official said the changing home-entertainment market has taken a toll on the plant, which manufactures movies and video-game discs.
215 Carrier jobs disappearing as company follows through with layoff plans
Donald Trump intervened in 2016 and persuaded the company to reverse its decision to shutter the Indianapolis factory outright. But since then, it has cut employment from 1,600 to 1,100.
Much-sought Toyota-Mazda factory to be built in Alabama, source says
Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Oregon-based maker of premixed cocktails moving to Indy, creating up to 51 jobs
Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.
Hurco caps record year for sales, orders with robust quarter
Sales and profit at Hurco were lifted by strong demand for its products in Europe, especially Germany, France and the United Kingdom.
Autocar Trucks lays off 70 workers at Indiana plant
An Indiana company that makes terminal tractors and yard trucks used primarily in the freight industry has eliminated nearly six dozen workers.
Centerfield raises $310M, includes 2 local companies among investments
The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.
U.S. manufacturers close out 2017 with bang
U.S. manufacturers have been helped this year by a solid global economy and a decline in the dollar's value, which helps to make exports more competitive abroad.
Calumet Specialty shows $23M loss in delayed quarterly report
The Indianapolis-based refinery company said Hurricane Harvey supply-chain disruptions and trouble with a new software system hurt its performance.
Analysts cut IPhone X forecasts, citing lukewarm demand
Apple has been counting on a redesigned 10th anniversary iPhone to boost shipments as its market value advances toward $1 trillion.