Monroe is considering several incentives for an auto parts supplier that wants to expand. UGN Inc., which opened a plant in Monroe about three years ago, is deciding whether it will bring 100 more manufacturing employees and around $6 million in payroll to the city or to Valparaiso, Ind.
Monroe is considering these local incentives:
A 50 percent corporate net profits rebate for eight years. Officials estimate that value at more than $1 million.
Waiving the city’s portion of building permit fees associated with the expansion. Officials estimate that value at $16,000.
Extending a water incentive in the form of a lower water rate for 7½ years. Officials are recommending extending that water incentive for 2.5 years to bring it to a full 10 years. The value is estimated at $50,000.
City Council will meet at 6:30 p.m. April 10, 2018 to hear the second reading of legislation that would provide the local incentives.
A Chicago-area based automotive supplier is considering Valparaiso for a new multi-million dollar plant. Our partners at The Times Northwest Indiana report UGN is planning to build the $30 million auto parts factory in Valparaiso or Ohio.
UGN Inc., which opened a plant in Monroe about three years ago, said it will announce by the end of March whether it will bring 100 more manufacturing employees and around $6 million in payroll to the southwest Ohio city or to Valparaiso, Ind.
UGN's Monroe and Valparaiso plants are finalists for another expansion that would ultimately mean $30 million in investment, at least 111 jobs and $6 million in annual payroll.
Strengthening the capability to provide customers with more comfortable automobile interior spaces
KARIYA, Japan--(October 5, 2017 BUSINESS WIRE)--With an aim to further strengthen the ongoing cooperative relationship in automobile interior business, Toyota Boshoku Corporation (TOKYO:3116), Autoneum (CH0127480363) and Nihon Tokushu Toryo Co., Ltd. (TOKYO:4619) have signed a joint venture agreement to undertake noise and vibration (NV) evaluation and analysis of automobile interior systems.
Toyota Boshoku is a leading company that develops and manufactures complete automobile interior systems, while Autoneum and Nihon Tokushu Toryo have the world’s highest level of acoustic technologies in the field of soundproof automotive components. In 2012, the three parties agreed to establish a cooperative relationship in automobile interior business. Since then, the parties have deepened business collaboration to address various challenges by leveraging their specific expertise.
The parties have agreed to establish a joint venture in the beginning of 2018 in order to further deepen their ongoing cooperative business relationship. Using the buildings and equipment of Toyota Boshoku’s Oguchi Plant, the new company will be engaged in NV evaluation and analysis of automobile interior and exterior systems for Toyota Motor Corporation and other automotive related companies, along with advanced development of the systems. The new company will merge the parties’ high level of technological development capabilities so that it will be entrusted with NV evaluation and analysis based on manufacturers’ trust.
As an organization that continually proposes and provides superior automobile interior systems to our customers throughout the world, Toyota Boshoku will make every effort to provide our customers with excellent interior spaces under the concept of “QUALITY OF TIME AND SPACE” in all aspects of human mobility. In particular, we will strengthen our automobile interior system development capability by strengthening the technical cooperative relationship between the three parties in NV evaluation and analysis.
Overview of new company
1.
Company name
ATN Auto Acoustics Inc.
2.
Location
Aichi-prefecture, Japan (Toyota Boshoku’s Oguchi plant)
3.
Establishment
In the beginning of 2018
4.
Capital
100million JPY
5.
Investment ratio
Toyota Boshoku 49%, Nihon Tokushu Toryo 26%, Autoneum 25%
6.
Executives
Toyota Boshoku 2, Nihon Tokushu Toryo 1, Autoneum 1
7.
Employees
Start with about 10 members, and strengthen according to business scale
8.
Content of business
NV evaluation and analysis of automobile interior and exterior systems, along with advanced development of the systems.
About Toyota Boshoku group Toyota Boshoku group, one of the world’s premier interior system suppliers and filter manufacturers, develops and produces interior components, filtration and powertrain components at over 100 sites in 27 countries around the world. During the fiscal period ending in March 2017, Toyota Boshoku had consolidated net sales of 1,358 billion yen (approx. $12 billion) and operating income of 72 billion yen (approx. $640 million).
About UGN Founded in 1986 as a partnership between Nihon Tokushu Toryo Co. Ltd., (Nittoku) and Autoneum Holding AG, UGN, Inc., is the preferred producer of high-quality acoustic, interior trim, and thermal management products, and a recognized leader in customer satisfaction for the Japanese transplant automotive industry in North America. UGN, with more than $415 million in revenue, has six locations in the United States—Novi, Michigan; Jackson, Tennessee; Monroe, Ohio; Somerset, Kentucky; Tinley Park, Illinois; and Valparaiso, Indiana; as well as a location in Silao, Guanajuato, Mexico—specializing in manufacturing, research, development, testing, and service support.
Peter Anthony discusses how Illinois' convoluted regulatory structure, a two-year budget impasse and a lack of reform in the state has made it home to the highest worker's compensation costs in the region.
The use of lean manufacturing methodology is a best practice in automotive manufacturing circles and crucial to success at UGN. Focus on scaling efficient, effective processes during an upturn means you are armed with a lean and disciplined organization when tough times come along. In 2002, we went lean and as a result, were well-positioned for the recession. In fact, in 2010, revenues grew by $100 million in a year.
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[et_pb_text admin_label="Text"] TINLEY PARK, Illinois (August 8, 2017) —UGN, Inc. has announced the promotion of Emmanuel Reymond to vice president of product development.
“I am pleased to have Emmanuel officially join our executive committee,” says UGN president and chief executive officer, Peter Anthony. “Promoting from within the organization is one of our key initiatives.” Reymond was previously product engineering manager for UGN.
In his new role, and in addition to his current responsibilities, Reymond is responsible for strategic planning across product development. He has more than 20 years of experience in product development and is best known for his ability to drive significant technological advancements and market innovation aligned with business goals.
He joined UGN in 2010 from Autoneum in France, where he was technical sales manager for Japanese and Korean transplants in Europe for five years. Prior to that he worked for Nihon Tokushu Toryo (Nittoku) in Japan as technical liaison manager for another five years.
Reymond has an undergraduate degree in engineering, materials and physics, from INSA Lyon, and earned his MBA from the Paris School of Business.
“It is an exciting time here at UGN,” says Reymond. “I am looking forward to taking on this new role and eager to embrace these responsibilities.”
About UGN, Inc.
Founded in 1986 as a partnership between Nihon Tokushu Toryo Co. Ltd., (Nittoku) and Autoneum Holding AG, UGN, Inc., is the preferred producer of high quality acoustic, interior trim, and thermal management products, and a recognized leader in customer satisfaction for the Japanese transplant automotive industry in North America.
UGN, with more than $415 million in revenue, has six locations in the United States—Novi, Michigan; Jackson, Tennessee; Monroe, Ohio; Somerset, Kentucky; Tinley Park, Illinois; and Valparaiso, Indiana; as well as a location in Silao, Guanajuato, Mexico—specializing in manufacturing, research, development, testing, and service support.
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Leadership qualities. Leadership traits. Characteristics of a good leader. Google any of these phrases and you find plenty on these topics. But, if you try to narrow down the search to the single, most important leadership quality, you’ll come up with relatively few results. Why?
I have a theory as to why. Leadership is an art and a science. It concerns people, a tricky space of continually shifting terrain.
Because of this, few people are willing to reduce leadership to a foremost attribute, especially when one can easily get away with offering three, five, eight, or nine important leadership qualities. It is much safer to offer multiple characteristics.
So, I will offer you one overriding leadership quality.
Five Essential Qualities of a Great Leader
Before I share this quality, I want to provide one of the many examples that breaks leadership into numerous “essential” qualities.
Clarity.Leaders must be clear and concise. This helps employees who are not certain about what they want and how to get there.
Decisiveness.Good leaders do not hesitate to commit. They are consistent and willing to make even the toughest decisions.
Courage.A fearless or bold leader (or one that reframes fear) is a vital asset for any leader.
Passion.Passion is inspirational. It’s obvious to those who look: A passionate leader cares about what they do each and every day.
Humility.Grateful, humble leaders are naturally attractive to all employees.
The Number One Leadership Quality
The number one leadership quality is the ability to create a vision. All the above qualities are true; however, they are easily subsumed by an audacious, well-communicated vision.
A solid vision is clear, decisive, courageous, passion invoking, and puts company before leader.
Leadership qualities. Leadership traits. Characteristics of a good leader. Google any of these phrases and you find plenty on these topics. But, if you try to narrow down the search to the single, most important leadership quality, you’ll come up with relatively few results. Why?