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Displaying items tagged: Gentex Corp

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 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, 01 February 2023 09:33

‘We need to be here’: Tier 1 auto supplier Gentex to open production facility in GR

GRAND RAPIDS — Ottawa County’s largest employer is opening a satellite production facility on Grand Rapids’ south side in hopes of better attracting talent from the city and delivering economic benefits to a historically disadvantaged neighborhood.

Published in Manufacturing

Sunday, 15 January 2023 17:16

Survey: Low pay, child care constraints hold back West Michigan labor participation

People in West Michigan indicate that low pay and the inability to find affordable child care are two key factors keeping them out of the workforce. 

Published in Talent
Sunday, 18 December 2022 18:00

Ottawa Co. leaders worry about attracting, retaining talent with incoming ‘Ottawa Impact’ majority

Roger Bergman and Doug Zylstra are preparing for a new term on the Ottawa County Board of Commissioners unlike any other.

Published in Economic Development
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

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