Quarterly survey data indicates the office furniture remains in growth mode and executives feel good about business prospects in the near term.
While Autocam Corp. will be acquired by a Tennessee-based public company in a deal that was announced in July, the automotive supplier does not expect the sale to have much impact on its West Michigan operations.
Grand Rapids-based Autocam Corp. is being acquired by NN Inc. of Johnson City, Tenn. for $244.5 million in cash, $25 million in stock and the assumption of $30.5 million in debt, according to a statement.
Automotive pundits have already started to discuss where the industry is in its cycle and to guess when annual vehicle sales in the U.S. will crest and begin to decline.
An investment in technology helped one West Michigan manufacturer cut down production times and increase product quality — a move that’s helped it carve a niche in high-end precision machining.
The automotive supplier of door handles and mirrors worked with the Zero Waste to Landfill User Group to gain outside insight on recycling its scrap plastic materials and has increased production quality as a result. Relationships made with other members allowed ADAC to tour other facilities and explore new options for its internal recycling program.
As more local companies look to drive profitability with Zero Waste to Landfill (ZWL) programs, many are finding the road to recycling ROI paved with troublesome materials.
A senior executive at the private equity-backed company that bought a piece of Johnson Controls Inc.’s automotive interiors business in June says it plans to invest at its base of operations in West Michigan.
A revised IHS Automotive production forecast for 2014 suggests automotive suppliers could see more orders than originally expected.
Kent County’s most prevalent manufacturing industries are poised for stagnant employment growth over the next six years.
By investing in new products during tough times and engaging in succession planning well ahead of executive transitions, Nucraft Furniture Co. has made continuity a key priority of its business.
For seven years, John Viera has worked to translate environmental and social sustainability practices into bottom line impacts at Ford Motor Co. As the automaker looks to spread its best sustainable business practices beyond its operations, companies in the automotive supply chain have been the beneficiary of Ford’s decades of research and institutional knowledge, he said. After a recent presentation to the West Michigan Sustainable Business Forum, Viera spoke with MiBiz about the impact of Ford’s sustainability practices across the supply chain and the future of sustainability in the automotive industry.
Executives at Steelcase Inc. and Herman Miller Inc. expect the office industry to grow through the rest of 2014, although they don’t see a significant increase in business after a slow start to the year.
As the office furniture sector heads toward midyear, executives say sales have begun to trend upward as an updated industry outlook still forecasts stronger growth ahead in 2015.
Given stagnant domestic growth, one West Michigan manufacturer plans to capitalize on export incentive programs as it looks to increase its business in the European market.