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manufacturing2017

ZEELAND — Every acquisition has its share of obstacles to clear, but the process becomes even more challenging when the buyer and seller speak different languages. 

Q&A: Mike Wall, IHS Markit

Written by | Saturday, 09 June 2018 16:35 |

With the automotive market performing slightly ahead of expectation for the year, IHS Markit analyst Mike Wall pinpoints trends that will keep projections positive for the rest of 2018. So far this year, Wall said news in the industry has been “interesting,” as some automakers phase out sedan nameplates to focus on trucks and crossovers, while others move “heaven and earth” to source components after a major supplier fire. In an interview with MiBiz, Wall shared his insights into the automotive industry.

Q&A: Jim Teets, ADAC Automotive

Written by | Saturday, 09 June 2018 17:08 |

ADAC Automotive has launched one of the most ambitious capital projects in the manufacturer’s history. The Tier 1 supplier door of handles and exterior mirrors plans to invest roughly $23.5 million to build a new 56,000-square-foot corporate headquarters on Eagle Drive in Cascade Township, as well as expand its research and development facility by 24,000 square feet. With the move, ADAC plans to add 50 high-tech positions. MiBiz spoke with President and CEO Jim Teets about the investment, which comes during a period in which automotive sales are starting to flatten.

GRAND RAPIDS — Facing the possibility of higher metal costs, the largest manufacturer in the office furniture industry has reached out to the federal government for relief. 

Muskegon’s Pigeon Hill Brewing Co. is embarking on ambitious expansion plans as the company wrestles with how best to compete in the highly volatile industry.

Stroll through the beer aisle at some West Michigan grocery supercenters and you might notice a bit of gold tucked between the red, white and blue cases of Budweiser and MillerCoors brands. 

The meteoric rise of Michigan’s craft brewing industry has spawned the creation of hundreds of new companies in communities all over the state. 

Explosive growth in Michigan’s craft beer industry has created hundreds of new companies over the last decade. As a result of all those new entrants, competition in the industry has ratcheted up to an all-time high, testing the industry’s collegiality and owners’ appetite for risk. Even so, many executives still see opportunities to expand their companies. In this comprehensive special report, MiBiz explores how savvy companies are adapting their business models to thrive in an increasingly volatile market.

The craft brewing industry continues to evolve at a rapid pace. As breweries strive to stay relevant in the eyes of thirsty customers, they also need to find ways to keep their distributor and retail partners happy. Companies need to balance all those demands and more if they plan to grow beyond the taproom model, which still provides their most lucrative sales.

GRAND RAPIDS — In its first five years, The Mitten Brewing Co. mostly brewed beer to serve in its Grand Rapids pub and a satellite taproom in Northport on the Leelanau Peninsula. 

With the craft brewing industry continuing to grow — albeit slower than just a few years ago — many West Michiganbased equipment suppliers are honing their product niches to get ahead of any future market corrections.

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.

GRAND RAPIDS — Driven by customers’ needs to lightweight large components, Paragon Die and Engineering Co. is adding new equipment and expanding its facility in West Michigan.

While most economists still believe in the strength of the overall economy, some West Michigan manufacturers say their business has begun to soften, indicating a slowdown could be starting to emerge.

Emerging drone technology is helping reduce costs and save time for a range of West Michigan businesses, from farmers to construction companies and beyond. 

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