Allegion adds technology, products, jobs through acquisitions
The company makes entry doors and security products that almost everyone has used but the company remains not that well known.
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Steelmakers seek protection from hot-rolled imports
U.S. Steel, Nucor are among the companies that say steel imports are sold at unfairly low prices that make it difficult to compete.
Once-fringe Gen Con powers game industry
Indy’s annual Gen Con convention has become a powerhouse in the growing $880 million international hobby game business—and a boon for homegrown gaming startups, including Plowgames.
Pioneer in 3D printing has high hopes for education startup
Kim Brand and a business partner have launched a “maker space” startup focused on the education market, called 1st Maker Space. It targets students in formal and informal class settings, and 3D printers are just a part of its arsenal.
Louisville box-maker plans $6.75M Indy operations center
Premier Packaging LLC has purchased a 160,000-square-foot plant on the northwest side and is in the process of renovating and equipping it. Premier intends to hire about 50 workers by 2016.
Young firm aims to clean up in ‘green’ laundry niche
Brandon Evans and Andrew Insley hope their laundry detergent startup sets itself apart from the crowded field of competitors that say they use “natural” ingredients. Their point of differentiation: truly making good on that claim.
Cycling devotees embrace $450 pump
Josh Poertner, a Zipp Speed Weaponry engineer who helped prove bicycle fanatics would pay $3,000 for a pair of aerodynamic wheels, has turned his Steve Jobs-like obsession with technology and design to the lowly tire pump.
GE Aviation starts hiring at Lafayette engine plant
The company announced plans for the $100 million factory in March, with officials saying they anticipated hiring more than 200 workers within five years.
Self-compacting garbage bin has myriad uses–thanks to Internet
Entrepreneur Grant Jenkins’ PowerBin can hold three times the amount of the average public trash bin, and can transmit data to municipal and other managers about when it’s full. It can also serve as a Wi-Fi hot spot, relay information about reported crimes, and display advertisements.
Revenue has nearly tripled in past two years for blood-test maker
PTS Diagnostics engineered an about-face on its business plan five years ago, ditching its retail strategy to focus on serving physicians and nurse practitioners. This year, PTS is on pace to record revenue of nearly $50 million, up from $17 million two years ago.
EnerDel regroups after missing job targets
EnerDel Inc. is regrouping under a strategy of targeting niche markets, as Indianapolis and Hancock County officials press executives about the firm’s future and former pledges of local investment and job creation that failed to pan out.
Medical device maker to hire 112 in Plainfield
Global firm Covidien LP plans to consolidate U.S. operations for servicing its medical devices in central Indiana, renovating its existing 70,000-square-foot facility in the process.
Local 3D firm develops printer-based curriculum
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
Rolls-Royce wins $1B contract from Lockheed Martin
The company will supply 600 engines built in Indianapolis to Lockheed through 2025 for use in its C-130J Super Hercules aircraft.
Security firm’s job-creation plans draw state incentives
Allegion PLC’s plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
Spinoff firm with Carmel HQ plans to hire 150
Allegion PLC, an international firm that made its debut as a public company on Monday, plans to hire another 150 people within six months between its Carmel corporate hub and Indianapolis manufacturing facility.
Peyton Manning wears ankle brace designed by local entrepreneur
Rick Peters, founder of Carmel-based Ultra Athlete LLC—a small manufacturing firm with a reputation for state-of-the-art ankle braces—sent his latest brace to the Denver Broncos head trainer on a whim, and saw Manning wearing it three days later.
Klipsch bolsters marketing with rollout of Gig mini-speaker
The homegrown speaker and headphone maker Klipsch Group in recent weeks released a bevy of new products and launched a marketing campaign headlined by high-profile athletes and a rock band.
Carmel firm’s bird feeders perched in 2,700 Walmarts
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
Eco-friendly lighting firm gains wattage after recession
Eco Lighting Solutions in Fishers designs and sells induction lighting, which costs less to install than LED and requires less energy than fluorescent. Induction lights work a lot like cheaper fluorescent ones, but don’t burn out as quickly.