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.
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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.
Honda to add third model to lineup at Greensburg plant
The automaker will debut a prototype of the 2019 Honda Insight at the North American Auto Show on Jan. 15. Manufactured in Greensburg, the high-end hybrid is set to hit the market next summer.
From autos to universities, here’s what the tax overhaul means for most industries
Its impact will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21 percent, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.
Lilly Endowment awards $39M to bolster counties in north-central Indiana
The funding for Tippecanoe County and nine other counties is intended to help turn the region into a hub for agricultural research and advanced manufacturing.
Vehicle parts maker plans $7M tech center in Fishers
Thyssenkrupp Steering will create 64 new jobs and plans to move existing positions from its operations in Indianapolis to the new location at Exit Five Parkway.
Richmond auto parts plant to close next year, costing 67 jobs
Southfield, Michigan-based Janesville Acoustics informed state and local officials last week that the Richmond factory, which makes thermal and acoustical insulation for the auto industry, will close by August 2018.
Nestle plans to invest $79.5M at central Indiana facility
The Anderson City Council is considering a tax abatement on the investment, which is expected to create 30 jobs.
Indian engineering firm picks Columbus for 500-worker headquarters
A Bangalore-based engineering firm that announced plans in November to open a $10 million North American headquarters in Indiana has chosen Columbus for the facility, state officials announced Wednesday.
Fishers medical manufacturer with 69 employees plans closure
Hill-Rom Holdings Inc., which owns Tridien Medical, said it plans to begin eliminating employees Jan. 31 with terminations continuing until Sept. 30, when the facility will permanently close.
Indianapolis-based CraftMark Bakery plans $56 million expansion
The industrial bakery is seeking local tax breaks in connection with the project, which is expected to create 118 jobs over the next three years.
Subaru plant in Lafayette to add another 200 jobs as Ascent production kicks in
As it adds the Ascent SUV to its roster, the Subaru of Indiana Automotive plant in Lafayette plans to boost its already enormous workforce by as many as 200 employees by the end of 2018.
China is giving Cummins a big boost, but will it last?
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
Subaru could surpass Hyundai in U.S. with sales of Indiana-made Ascent
After stringing together a streak of monthly gains nearing six years, Subaru is debuting its new and improved three-row SUV at the Los Angeles Auto Show.
Indiana manufacturers seek incentives to attract more workers
Low unemployment in Indiana is making it difficult for manufacturers in the state to find workers, especially those qualified in high-tech fields.
Calumet Specialty selling Anchor Drilling subsidiary for $84 million
Three years after acquiring Anchor Drilling Fluids USA LLC for $235 million, Indianapolis-based Calumet Specialty Products Partners is shedding the subsidiary to reduce debt and concentrate on its core business.
Packaging firm BoxUp capitalizing on ‘unboxing’ trend
Indiana-based BoxUp lets consumers customize cardboard boxes with their own logos, photos and designs and then order small (or large) quantities with a few clicks of the mouse.
Indianapolis-based engineering firm acquires automotive supplier
Echo Engineering and Production Supplies Inc. expects its revenue to swell to $50 million next year as it takes on more outsourced work from stressed car makers.
Indiana’s battery industry, undeterred by past setbacks, sees bright future
Experts contend the state can make its mark in this rapidly growing field—if not as a mass-market builder of the battery cells themselves, then as a creator of value-added products.
Carrier delays, reduces upcoming Indianapolis layoffs
Carrier said Tuesday the layoffs originally planned for Dec. 22 will now occur Jan. 11 and affect fewer workers than expected.