Chinese tire importer buys former GM plant in Anderson
Sutong China Tire Resources plans to have 20 to 40 workers at the site, where it will service the utility and recreational vehicle trailer industry.
Manufacturing
Articles
Indiana’s neighbor getting huge boost from bourbon
Bourbon's economic potency is getting stronger with age, increasing its impact on Kentucky by $1 billion in the past two years as global demand for American whiskeys continues to grow. Indiana has its own growing whiskey business.
Allison Transmission results top Wall Street forecast
Allison Transmission Holdings Inc. on Monday topped analyst expectations for profit and revenue in the fourth quarter.
Broad Ripple tech firm lays off a third of its workforce in cost-cutting move
A crucial technology platform revamp didn’t go as planned last year, so Odyssey Media opted to rein in costs until that’s completed, according to its CEO.
Japanese firm buying Indy-based logistics company for $260M
Toyota Industries Corp. is getting into the logistics business, and it’s buying Indianapolis-based Bastian Solutions LLC to get a jumpstart in the sector.
Pre-cast concrete firm planning 39 hires in Whitestown
The company, which expects to nearly double its current employee count, began renovations to its facilities in late 2016 and could begin operations this month.
AT&T picks Indy for ‘5G Evolution’ market
The city is one of two where the telecom giant will start laying the foundation for 5G wireless technology, which is at least 20 times faster than today’s speeds.
Design agency evolves into ‘internet of things’ expert
Thirty-four-year-old design agency Outside Source has become one of the go-to players in the local “internet of things” industry.
Vending machines grab tech firms’ fancy
International Vending Management Inc. has been winning the affection of industry titans in and around the tech hotbed lately, and it sees plenty of room for growth.
GOP president, Congress could dump medical-device tax
For years, medical-device makers in Indiana and around the nation have insisted that the 2.3 percent tax on sales to help fund the Affordable Care Act has hurt business and slowed innovation.
House panel exempts Tesla from state ban on direct auto sales
The author of the bill, Rep. Ed Soliday, said he believed the amended measure would make people on both sides of the bill “equally happy and equally unhappy.”
Local email marketing firm Delivra encounters service woes
The company said about a dozen customers complained about email delivery issues over the past two days, and the problem stemmed from a local data center.
Tech firm CloudOne changes name to ClearObject
The Fishers-based tech business said the name change reflects its evolution into a leading “internet of things” company.
RV maker Jayco to add 300-plus jobs with expansion
Thor Industries Inc. has announced plans to expand its northern Indiana operations of recreation vehicle manufacturer Jayco and add more than 300 workers.
Tech companies express concern over Trump immigration order
The U.S tech industry, which relies on foreign engineers and other technical experts for a sizable percentage of its workforce, is showing dismay over the executive order.
Union plans rally to spotlight Rexnord job losses
With the shutdown of Rexnord Corp.’s local bearings plant just months away, union officials are planning a rally next week to highlight the workers’ plight. Meanwhile, employees have received approval for federal job relocation aid.
Lawmakers propose bill to expand venture capital tax credit
The bill would increase the cap on the amount of tax credits investors could claim, as well as make the credits useful for out-of-state investors.
Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.
Speaker firm Klipsch rocking again after losing its beat
Voxx International Corp.’s Premium Audio segment—essentially Klipsch—has seen three straight quarters of strong sales growth, including a 27-percent showing in the latest quarter.
Donation-app firm Givelify plans 40-job expansion downtown
The company, which has 8,000 U.S. clients and boasts having the world’s most-downloaded mobile-giving app, plans to triple its space in The Majestic Building to 3,000 square feet.