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Displaying items tagged: Gentex Corp

Wednesday, 30 November 2022 11:46

Public-private partnership aims to create 1,000 child care slots across Ottawa Co.

Ottawa County officials have signed off on plans to leverage $7.5 million in federal stimulus funds with nearly $25 million from the private sector to create 1,000 new child care slots in the next three years.

Published in Nonprofits
Monday, 10 October 2022 11:26

Auto manufacturer Gentex creates nonprofit foundation, STEM scholarship for women

ZEELAND — Tier 1 automotive supplier Gentex Corp. has created a nonprofit charitable foundation for its philanthropic efforts as well as a new scholarship program for women pursuing degrees in science, technology, engineering or mathematics.

Published in Nonprofits
Tuesday, 26 July 2022 13:02

Gentex lands state incentives for $300M expansion already underway

ZEELAND — Tier 1 automotive supplier Gentex Corp. has received roughly $11.2 million in state grants and tax incentives for a $300 million expansion project that started in January and could create up to 500 jobs when it’s completed at the end of next year.

Published in Manufacturing

Monday, 25 April 2022 20:00

Gentex Q1 earnings drop while combating inflation, supply chain delays

ZEELAND — Tier 1 automotive supplier Gentex Corp. continued to absorb blows from a volatile market as its first quarter earnings for 2022 sank below last year’s during the same period.

Published in Manufacturing
Sunday, 13 March 2022 18:04

PE-backed Angstrom Technology pursues acquisitions to fill cleanroom market gaps

WALKER — A couple of recent strategic acquisitions should further prepare cleanroom designer and builder Angstrom Technology Ltd. for overseas projects as the company continues a private equity-backed string of acquisitions.

Published in Manufacturing
Sunday, 16 January 2022 18:30

Software firms see spike in demand as pandemic drives more automation

Custom software firms are seeing increased demand for services as the COVID-19 pandemic prompts businesses in virtually all industries to take a hard look at their digital transformation plans.

Published in Manufacturing

Sunday, 07 November 2021 18:20

Employers tap non-English-speaking workers to fill talent pipeline

Businesses in all industry sectors are exhausting potential avenues for talent as they struggle to fill their workforces. Many employers have finally turned their attention to a demographic that Wendy Falb has promoted for decades.

Published in Talent
Monday, 11 October 2021 15:07

Gentex opens new aerospace opportunities with technology from recent acquisition

ZEELAND — A recent acquisition by Gentex Corp. will allow the Zeeland-based company to expand on its offerings to the aerospace industry.

Published in Manufacturing
Sunday, 15 August 2021 18:10

Supply chain woes trickle down automotive industry, cause significant challenges

When asked how his company is managing the fallout of a microchip shortage that has crippled the automotive industry, Neil Boehm paused.

Published in Manufacturing

Sunday, 25 July 2021 21:21

Gentex sales hampered by widespread auto industry challenges

ZEELAND — Quarterly sales for automotive supplier Gentex Corp. have rebounded since the early stages of the COVID-19 pandemic, though the company’s growth remains hampered by widespread supply chain disruptions.

Published in Manufacturing
Friday, 23 April 2021 10:19

Gentex reports strong quarter despite supply chain challenges

ZEELAND — Despite numerous challenges in its operating environment, Zeeland-based automotive supplier Gentex Corp. managed to record its second highest sales quarter in company history.

Published in Manufacturing
Friday, 29 January 2021 16:50

Despite record fourth quarter, Gentex’s sales fall 9.2 percent in COVID-marred year

ZEELAND — Tier 1 automotive supplier Gentex Corp. capped off 2020 with a blistering final three months of sales. 

Published in Manufacturing

Sunday, 31 January 2021 15:56

Diversity-focused VC fund garners widespread attention, even before making initial investment

GRAND RAPIDS — The West Michigan venture capital fund that intends to invest in growing, minority-owned businesses has garnered attention from interested parties who want to replicate the model elsewhere in the U.S.

Published in Finance
Tuesday, 26 January 2021 13:44

GR-based VC fund targeting minority-owned companies raises $8.5M in first year

GRAND RAPIDS — The venture capital fund formed a year ago in Grand Rapids to invest in minority-owned businesses has netted $8.5 million in commitments from investors and aims to hit $10 million this year.

Published in Finance
Sunday, 22 November 2020 17:00

Manufacturers deploy recruiting, certification strategies to bolster workforce

Talent gaps and workforce shortages are two issues that have dogged the manufacturing industry for years, pushing Michigan companies and their supporting organizations to develop a more robust talent pipeline in Michigan.

Published in Manufacturing

Wednesday, 28 October 2020 12:37

Gentex announces 5-year donation to Kids’ Food Basket as nonprofit opens new facility

ZEELAND — Gentex Corp. has pledged annual $60,000 donations to Kids’ Food Basket over the next five years to support the nonprofit’s programs, a new Holland facility and a matching fund for additional gifts.

Published in Economic Development
Friday, 24 July 2020 12:28

‘Severe change in demand’ shrinks Gentex quarterly earnings

ZEELAND — Citing fallout from the COVID-19 pandemic — particularly how the global crisis has affected worldwide light vehicle production — Gentex Corp. reported rough financial results for the second quarter of 2020.
The Zeeland-based supplier of digital vision, connected car, dimmable glass and fire protection technologies generated net sales of $229.9 million for the quarter, a 51-percent drop from $468.7 million in revenue for the second quarter of 2019.

Published in Manufacturing
Sunday, 21 June 2020 17:53

Automotive suppliers welcome break from most 2020 auto shows

Auto manufacturers, dealers and OEMs will catch a break from the busy auto show circuit this year after the COVID-19 pandemic essentially wiped out the ability to hold crowded events.

Published in Manufacturing

Friday, 24 April 2020 16:08

Gentex withdraws revenue guidance for 2021 as earnings decline

ZEELAND — Gentex Corp. (NASDAQ: GNTX) reported first-quarter losses related to the ongoing shutdown of most vehicle production and the ensuing economic crisis caused by the coronavirus global pandemic.

Published in Manufacturing
Sunday, 19 April 2020 15:54

Pandemic pushes more corporations to hold virtual annual shareholder meetings

The ritual of public companies hosting their annual shareholders meeting will start again in the coming weeks. 

Published in Economic Development
Sunday, 09 February 2020 17:45

West Michigan manufacturers brace for disruptions from Chinese Coronavirus outbreak

A tooling engineer from Grand Rapids-based Tier-1 supplier ADAC Automotive was traveling in the Wuhan area of China when the Coronavirus public health crisis broke in late January. 

Published in Manufacturing

Sunday, 19 January 2020 14:18

ADAC joint venture accelerates radar technology for hands-free vehicle access

ADAC Automotive, a Grand Rapids-based Tier 1 automotive supplier, is working toward a new strategy that will bring supplier-initiated technological advances into the sector. 

Published in Manufacturing
Sunday, 27 October 2019 19:30

West Michigan auto suppliers brace for continued upheaval

Regardless of when the historic UAW strike against General Motors Co. ultimately ends, the disruptive effect of lost production and earnings will linger, putting further strain on an industry already flagged by slowing sales and tariff disputes with China.

Published in Manufacturing
Friday, 18 October 2019 11:58

GM strike costs Gentex up to $8 million per week

ZEELAND — The United Auto Workers strike against General Motors has cost Tier 1 automotive supplier Gentex Corp. about $7 million to $8 million per week in lost sales. 

Published in Manufacturing

Friday, 16 November 2018 13:23

With pending $13.2 billion deal, JCI to fully exit West Michigan auto supplier operations

HOLLAND — Johnson Controls International plc would exit its last remaining automotive industry manufacturing operations in West Michigan if it completes a transaction announced this week.

Published in Manufacturing
Friday, 12 October 2018 19:05

Optimism or Pessimism? Manufacturing execs express ‘caution’ for rest of 2018

As supply chains adjust to new realities in international trade, West Michigan manufacturers are entering the final months of 2018 with “caution.”

Published in Manufacturing
Sunday, 13 May 2018 19:00

Auto suppliers push into tech deals to mitigate disruption

Manufacturers in the automotive supply chain are scooping up acquisitions in emerging technologies to break into new markets before their competition. By moving into alternative powertrains, connected car technologies, artificial intelligence and predictive analytics, suppliers want to position themselves to get ahead of disruptions as the industry shifts to the “car of the future,” according to Jeff Zaleski, U.S. automotive deals leader at PricewaterhouseCoopers LLC, a global consulting firm.

Published in Manufacturing

Friday, 20 April 2018 11:53

Gentex sales up despite slump in auto production, supplier issue

Despite a decline in light vehicle production globally so far in 2018 and supply issues that affected product deliveries, automotive supplier Gentex Corp. saw higher sales in the first quarter.

Published in Breaking News
Sunday, 18 March 2018 11:05

Federal tax reform benefits manufacturers’ investments in automation equipment

For West Michigan manufacturers who are struggling both to find workers and to keep up with order volumes, the recent federal tax reform offers some welcome news.

Published in Manufacturing
Friday, 09 March 2018 13:28

Gov. Snyder calls for more employer involvement in new workforce development initiative

As Gov. Rick Snyder works to secure a $100 million commitment for his “Marshall Plan for Talent,” he also wants to tear down silos between the education and business communities.

Published in Breaking News

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