Displaying items tagged: manufacturing

Friday, 24 March 2023 08:52

Auxo adds to Precision Products Group platform with deal for Ohio-based niche manufacturer

GRAND RAPIDS — Private equity firm Auxo Investment Partners has added to a platform of manufacturing companies with a recent deal for Ohio-based Saylor Technical Products LLC.

Published in Manufacturing
Thursday, 23 March 2023 14:13

Return-to-office delays, economic pressures weigh on sales for MillerKnoll, Steelcase

Executives at MillerKnoll Inc. and Steelcase Inc. expect that their sales will ease slightly in the months ahead. 

Published in Manufacturing
Thursday, 23 March 2023 12:00

Southwest Michigan diesel engine remanufacturer files for Chapter 11 bankruptcy

NILES — A Southwest Michigan retailer and machine shop specializing in refurbished diesel engines has filed for Chapter 11 bankruptcy less than two years after incorporating, citing mounting warranty claims and broader supply chain disruptions. 

Published in Manufacturing

Wednesday, 22 March 2023 17:54

West Michigan metal fabricator invests $15.5M to diversify into EV space

A West Michigan metal fabricator is making significant investments to bolster its presence in the electric vehicle battery production sector.

Published in Manufacturing
Wednesday, 22 March 2023 10:20

Ford factory subsidies, at $690,000 per job, tally up to much more than other deals

LANSING — Michigan notched a win with Ford Motor Co’'s decision to build a $3.5 billion, 2,500-job electric vehicle battery factory in Marshall.

Published in Economic Development
Tuesday, 21 March 2023 17:47

Hair products manufacturer to permanently close Grand Rapids-area production plant, lay off 68 workers

CALEDONIA TWP. — A New York City-based producer and seller of hair care products plans to close a Grand Rapids-area production facility by the end of the year, resulting in nearly 70 permanent layoffs.

Published in Manufacturing

Sunday, 19 March 2023 19:33

Shape CEO discusses EV transition opportunity, state incentives strategy, inclusion in Ottawa County

Mark White sees the massive disruption in the automotive industry caused by electric vehicles as an opportunity rather than a threat.

Published in Manufacturing
Monday, 13 March 2023 12:55

Gotion floats bigger battery plant plan as it awaits approvals

Gotion Inc.’s multibillion-dollar electric vehicle battery factory proposal near Big Rapids has swelled by 1 million square feet and 200-300 additional jobs despite lingering uncertainty that the project will even happen.

Published in Manufacturing
Thursday, 09 March 2023 17:35

Talent solutions take center stage at auto supplier symposium

GRAND RAPIDS — Tier 1 automotive supplier Gentex Corp. has hired roughly 500 new employees over the past two and a half months, making a major dent in the Zeeland-based company’s unfilled positions.

Published in Manufacturing

Thursday, 09 March 2023 15:47

New MMTC president plans Industry 4.0, supply chain strategies

Ingrid Tighe brought more than a decade of experience in economic and workforce development to her new role as president of the Michigan Manufacturing Technology Center, where she will help small and mid-sized companies adopt supply chain and automation strategies.

Published in Manufacturing
Thursday, 02 March 2023 20:36

Gotion exec: $2.4 billion EV battery plant near Big Rapids ‘not a done deal’

Gotion Inc. hopes to move forward with a $2.4 billion EV battery parts plant in the Big Rapids area, but it has a backup plan that could involve leaving the state if the deal falls apart, said Chuck Thelen, the company’s vice president for North American operations.

Published in Manufacturing
Wednesday, 01 March 2023 13:21

Perrigo backs off on M&A to focus on integrating recent deals, reducing debt

GRAND RAPIDS — Perrigo Co. plc intends to pause M&A for the next couple of years to focus on improving performance and profitability as it works to reduce its debt load.

Published in Manufacturing

Wednesday, 01 March 2023 11:38

New statewide scholarship program aims to lure next generation of EV, mobility workers

State officials are partnering with major universities and auto-sector employers on a new statewide scholarship program aimed at developing talent in the electric vehicle and mobility space.

Published in Manufacturing
Monday, 27 February 2023 17:12

Amway 2022 sales dip on strong U.S. dollar, affiliate sale, withdrawal from Russia 

ADA — Direct-selling giant Amway Corp. reported a slight sales decline in 2022 from the prior year, citing the strength of the U.S. dollar, the sale of an affiliated nutritional supplement company and the company’s withdrawal from Russia.

Published in Manufacturing
Monday, 27 February 2023 17:07

Gotion EV battery plant near Big Rapids needs 2,350 workers. Ferris State plans to train them.

Ferris State University is working to roll out an accelerated electric vehicle battery manufacturing training program to build a pipeline of workers for a planned $2.4 billion battery plant in the Big Rapids area.

Published in Energy

Saturday, 25 February 2023 12:29

Gotion reassessing $2.4 billion factory footprint in Big Rapids area

Chinese battery parts manufacturer Gotion Inc. is reassessing real estate plans for a $2.4 billion factory in the Big Rapids area after scrutiny from a township board.

Published in Manufacturing
Sunday, 26 February 2023 18:49

Auxo grows wire harness platform with Tack Electronics acquisition

Auxo Investment Partners’ acquisition of a West Michigan manufacturer has both in-state and national growth opportunities for the Grand Rapids private equity firm.

Published in Manufacturing
Wednesday, 22 February 2023 12:01

Haworth eclipses pre-pandemic record with $2.5B in revenues, driven by new product sales

HOLLAND — Furniture manufacturer Haworth Inc.’s global sales reached a record $2.5 billion in 2022, driven in part by new products designed to help employers bring people back to the office and accommodate hybrid and remote work models.

Published in Manufacturing

Monday, 20 February 2023 20:14

Office furniture dealers see an unlikely resurgence

It’s been nearly three years since the COVID-19 pandemic upended office markets around the country, including in Michigan.

Published in Manufacturing
Tuesday, 14 February 2023 13:07

Buell partners with West Coast motorcycle designer on new Super Cruiser model

CASCADE TWP. — Fresh off a new round of fundraising, Buell Motorcycle Co. has unveiled a partnership with a well-known industry designer to launch a new Super Cruiser production concept for the West Michigan-based high-performance brand.

Published in Manufacturing
Monday, 13 February 2023 16:02

Amazon supplier Speedrack Products Group sells to ESOP to preserve local ownership, culture

WALKER — Speedrack Products Group Ltd. has become one of the latest West Michigan companies to transition to employee ownership.

Published in Manufacturing

Monday, 13 February 2023 14:39

Why Ford chose Marshall for $3.5 billion EV battery plant

Ford Motor Co. announced Monday plans to build BlueOval Battery Park Michigan, a $3.5 billion electric vehicle battery plant that would create 2,500 jobs in Marshall. But it wasn’t always destined for Michigan.

Published in Manufacturing
Sunday, 12 February 2023 17:45

Language, child care, transportation: Gentex tackling key drivers of labor shortage

GRAND RAPIDS — Gentex Corp.’s recently announced plan for a satellite production facility in the city of Grand Rapids is the Tier 1 auto supplier’s latest phase of a multi-pronged effort at attracting talent.

Published in Manufacturing
Saturday, 11 February 2023 09:54

Ford set to announce $3.5 billion EV battery plant in Marshall, sources say

Ford Motor Co. will announce Monday details of a massive electric vehicle battery plant it has decided to build in Marshall, two people with knowledge of the company's plans told Crain’s.

Published in Manufacturing

Thursday, 09 February 2023 20:46

Residents raise concerns as Ford-CATL consider Marshall megasite for EV battery factory

As Ford Motor Co. and its Chinese battery partner close in on a home for a $3.5 billion EV battery plant, some residents are speaking out against development of the megasite in Marshall.

Published in Economic Development
Thursday, 09 February 2023 14:58

Gentex agrees to pay $4M to resolve SEC charges involving employee bonuses

ZEELAND — Tier 1 automotive supplier Gentex Corp. has agreed to pay $4 million to settle U.S. Securities and Exchange Commission charges involving the company’s alleged accounting failures with executive and employee bonuses.

Published in Manufacturing
Wednesday, 08 February 2023 17:21

Auxo Investment Partners expands wire harness platform with 2 acquisitions

GRAND RAPIDS — Auxo Investment Partners has acquired two manufacturers that produce custom wire harnesses, cable assemblies.

Published in Manufacturing

Wednesday, 08 February 2023 11:30

Wolverine divests Keds brand to retailer DSW’s parent company

ROCKFORD — Not even a multi-year sponsorship deal with pop megastar Taylor Swift could right the ship for Keds, a flagging lifestyle footwear brand that Wolverine World Wide Inc. has owned for the last decade. 

Published in Manufacturing
Tuesday, 07 February 2023 12:11

Shyft Group plans $16M expansion near Lansing to produce EV delivery vans

CHARLOTTE — Specialty vehicle manufacturer The Shyft Group Inc. plans to invest $16 million to expand its engineering and manufacturing capabilities in Charlotte to produce the company’s Blue Arc EV Solutions brand of electric commercial vehicles. 

Published in Manufacturing
Monday, 06 February 2023 20:37

Valve supplier to lay off 40% of workforce in Marshall

A valve supplier in Marshall is planning to lay off 81 employees through the end of September, according to a notice filed with the state.

Published in Manufacturing

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