Label maker DuraMark sees ‘immense’ growth prospects
The company says it patented all-digital production process allows it to produce labels faster, cheaper and in smaller quantities than by the traditional screen printing method.
Manufacturing
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Calumet posts $6 million loss, still beats analyst expectations
The Indianapolis-based refinery company’s financial results, released Thursday morning, showed marked improvement over the same period a year ago.
BorgWarner plans to spend $28M on new Noblesville tech center
BorgWarner Inc. is set to close two technical centers in central Indiana and consolidate them into a newly constructed facility in Noblesville that will house more than 300 high-wage employees, the Hamilton County city announced Wednesday afternoon.
Cummins raises outlook after strong quarterly results
The engine maker’s profit and revenue in the first quarter beat the expectations of analysts.
Indy 500’s first presenting sponsor sees growth spike, gears up for more
Since local entrepreneur Mike Protogere bought D-A Lubricant Co. Inc. in 2002, the manufacturer of oil, grease, antifreeze and other industrial products has shifted into overdrive and punched the gas.
Allegion reports improved quarterly sales, profits
The security-product maker’s first-quarter financial results topped analyst expectations.
Allison Transmission posts stronger-than-expected quarterly sales
The Indianapolis-based manufacturer revised its full-year sales expectations after revenue rose 8 percent.
Supreme Court turns away GM appeal over ignition switches
General Motors Co. was seeking to block dozens of lawsuits over faulty ignition switches that could expose the company to billions of dollars in additional claims.
Rise in internet-connected devices creates new cybersecurity concerns
Aerospace and defense companies are working to thwart digital attacks from several sources and expect huge demand for workers in the field.
Toyota Industrial plans $17.5M expansion of forklift plant
The company, which makes forklifts and other material-handling equipment, announced Tuesday that it will add 150,000 square feet to its complex, bringing the total to 1.3 million square feet.
Subaru recalls more than 33K cars to fix engine stalling problem
Subaru is recalling the cars in the U.S. because a fuel problem can make the engines stall without warning.
U.S. industrial production rises as utility output surges
Meanwhile, a closely watched gauge of manufacturing posted its first setback in seven months as auto production dropped sharply.
Big bakery meets early goals, plans $16.5M in new equipment
Fast-rising CraftMark Bakery wants to sweeten its investment and hire 32 more workers by expanding production capacity at a $75 million headquarters and manufacturing facility built in 2014 in Indianapolis.
Indianapolis furniture manufacturer relocating to Whitestown
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
Forklift maker to open second Greencastle plant, add 100 jobs
Crown Equipment Corp., which came to Greencastle more than 20 years ago, added a facility in New Castle in 2011 and now has 850 full-time workers in the state.
China auto-parts maker to build $80M plant in Greenfield, hire 441
A Beijing-based manufacturer of brake and suspension systems has chosen the Indianapolis area as the site of its first U.S. production facility.
Rejected e-liquid manufacturer gets license in vaping case
A company that sued over Indiana’s unconstitutional vaping licensing law will get an Indiana permit to manufacture e-liquids, and taxpayers will pick up the legal fees for its trouble, a judge ordered Monday.
Cummins, Eaton planning $1.2 billion joint venture
Each company is expected to have equal ownership of the joint venture, which will focus on medium- and heavy-duty automated transmissions.
Fishers-based quality-control firm plans to add 250 workers
Stratosphere Quality, which inspects parts and helps manufacturers eliminate defects, said that it will invest $3.7 million to expand its headquarters at 2024 Exit Five Parkway.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.