Category Archives: Manufacturing

Whirlpool Files Dumping Complaint Against LG, Samsung

BENTON HARBOR — Whirlpool Corp., the Benton Harbor-based appliance manufacturer, announced it had filed a “safeguard petition” with the United States International Trade Commission.

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EnvisionTec Rolls Out LED Lighting For 3D Printer

DEARBORN — The 3D printer manufacturer EnvisionTec announced a new custom LED light system for its fourth-generation Perfactory 3D printer.

In development for more than a year, the new LED system is more powerful and efficient than other light projector systems on the market. The company says it offers a variety of benefits, such as lower operating costs and crisper black-white contrast between pixels, which means even better final part detail.

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Whirlpool Sales, Profits Up Slightly

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR) reported first quarter net income of $153 million or $2.01 a share, up from $150 million or $1.92 a share in the first quarter of 2016.

Revenue was $4.79 billion, up from $4.62 billion a year earlier.

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State Support OK’d For Business Expansions, Flint Incubator

LANSING — The Michigan Strategic Fund has approved three grants to create a new business incubator in Flint and build new manufacturing plants in the Grand Rapids area and Port Huron.

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ABB Sells First Robot Manufactured In U.S.

AUBURN HILLS — The Zürich, Switzerland-based technology company  ABB has sold its first robot manufactured in the United States.

The IRB 2600 robot is the first to be produced at the ABB Auburn Hills plant, and was sold by ABB reseller CIM Systems Inc., based in Milan, Italy, to Hitachi Powdered Metals USA Inc. of Greensburg, Ind.

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Gentherm Profits Dip

NORTHVILLE — Gentherm Inc. (NASDAQ: THRM), the Northville-based manufacturer of thermal management products, reported net income of $26 million or 71 cents a share in the fourth quarter of 2016, down from $28.4 million or 78 cents a share a year earlier.

Revenue was $236.5 million for the quarter, up from $212.3 million a year earlier.

For the full year, net income was $76.6 million or $2.09 a share, down from $95.4 million or $2.62 a share in 2015. Revenue was $917.6 million, up from $856.4 million in 2015.

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Lansing Business Accelerator Seeking Applicants

LANSING — Lansing Proto, Michigan’s first and only physical product business accelerator program, is seeking applicants for the 2017 program.

Lansing Proto is a Lansing Economic Area Partnership (LEAP) initiative and subsidiary that supports physical product-based companies as they move from concept to market.

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Whirlpool Earnings Flat, ‘Ongoing’ Up

BENTON HARBOR — Whirlpool Corp. (NYSE: WHR) reported fourth quarter net income of $180 million or $2.36 a share, unchanged from $180 million or $2.28 a share a year earlier. (The per-share figures are different because of fewer shares outstanding this year.)

The company also reported “ongoing business earnings” of $4.33 a share, up from $4.10 a share a year earlier. This figure excludes restructuring expenses, acquisition-related costs, legacy product warranty and liability expenses, and the impacts of income tax.

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Gentex Revenue Rises

ZEELAND — Gentex Corp. (Nasdaq: GNTX), the Zeeland-based manufacturer of automotive automatic-dimming rearview mirrors, automotive electronics, dimmable aircraft windows, and fire protection products, reported revenue of $419.9 million in the fourth quarter, up 4 percent from $405.6 million in the final quarter of 2015.

Net income for the quarter was $88.8 million or 31 cents a share, up from $88.4 million or 30 cents a share a year earlier.

For the full year, revenue was $1.68 billion, up from $1.54 billion in 2015. Net income for the full year was $347.6 million or $1.19 a year, up from $318.5 million or $1.08 a share in 2015.

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