Displaying items tagged: RoMan Manufacturing Inc
GRAND RAPIDS — The Grand Rapids area’s relatively large number of young people, steady automotive sector and resilient housing market could all help the region avoid a potential recession looming over the nation this year.
Nelson Sanchez took the helm at Grand Rapids-area industrial power systems manufacturer RoMan Manufacturing Inc. this month as the first non-family president in the company’s 42-year history.
West Michigan’s manufacturing sector experienced a mix of highs and lows in 2022, as several major ventures plan to bring in billions of dollars in new investments while other companies contended with inflation, supply chain disruptions and labor availability.
A new owner looks to rebuild a Grand Haven-based electric transformer manufacturer that went into receivership five months ago after defaulting on loan agreements with Comerica Inc.
After a strong 2016, most West Michigan manufacturers are looking ahead to this year with optimism that they will continue to grow as the economy expands.
The automotive industry rapidly approaches a convergence point.
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Spurred on by increased demand for its industrial welding equipment, Wyoming-based RoMan Manufacturing Inc. needed to expand. Luckily, the company had several options at its disposal to fund that growth, according to President and CEO Bob Roth.