glov presentation - feb2016
TRANSCRIPT
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412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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GLOV Mission Statement – to provide our customers with a quality product at a competitive price.
GLOV Management philosophy:
• Provide a clean and safe work environment
• Maintain capable production equipment
• Encourage Employee training programs
• Lean Manufacturing Mind-Set
• Commitment to Customer Satisfaction
• Commitment to Quality Management System
(TS 16949 & ISO 14001)
• Commitment to Continuous Improvement – Kaizen – Practical Problem Solving
Reliability
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Privately Held Business
• 2 owners funded acquisition
• Secure line of Credit to fund working capital
• Working Capital to Loan ratio over 2 to 1
• Owners have funded new capital of $1.5 million
Quality Supply (12 month running total)
• Ford - 1PPM - 1 million parts shipped FPLEA Supplier code
• Bosch 2014 – 0 PPM’s
• Montaplast 2014 – 9 PPM’s
• CNI 2014 – <100 PPM’s
Funding in place to continue growth
• $2.5 million in 2011
• $4.5 million in 2012
• $7.4 million in 2013
• $10.0 million in 2014 & 2015
Key Financial Information
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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• Company was founded in 1973
• GLOV Enterprises acquired the company in March of 2011
• ISO 9001 certification in July of 2011, TS 16949 Cert in July
2012, ISO 14001in November 2012
• 52,000 square feet in Tecumseh MI with 23 molding
machines ranging from 75 ton to 1500 ton
• Added 2 shot capability in October 2012
Company Information
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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FORD
NISSAN
MERCEDES
Tesla
GM
CHRYSLER
BMW - other
2011 Production
2015 Production
2011 to 2015 FY – Automotive Components
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Tecumseh Michigan Facility
8
Lift T
ruck
Hallw
ay
150 TON
300 TON
27
5 T
ON
75 TON
30
0 T
ON
45
0 T
ON
25
0 T
ON
30
0 T
ON
11
0 T
ON
30
0 T
ON
20
0 T
ON
1000 TON 500 TON 700 TON
500 TON 500 TON 500 TON
75
TO
N
Chiller
Water Tower
Paint Room
Warehousing Slow Moving Product Future Raw and WIP
Shipping and Receiving Docks
Shipping and Receiving Docks
Warehousing
Shipping/Receiving
Assembly Area
WIP Staging
Production Production
Maintenance
Front Office
Off
ice
Tool Storage
Utility Room
HOLD
Oven
Paint Booth
Pa
int
Bo
oth
P
ain
t B
oo
th
Finished
Raw Materials
WIP
52,000 sqft
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Tecumseh Injection Press List
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
Press # Tonnage Manufacturer Robot Platen Size Shot Size
1 300 BATTENFELD Y 36 x 36 20
2 220 KRAUSS MAFFEI 28 x 28 14
3 385 KRAUSS MAFFEI Y 42 x 44 35
4 330 BATTENFELD Y 36 x 36 20
5 75 VAN DORN 21 x 21 5
6 385 KRAUSS MAFFEI Y 42 x 44 35
7 110 ENGEL 2 SHOT Y 24 x 28 Multiple
8 110 VAN DORN 22 x 22 10
9 275 KRAUSS MAFFEI Y 39 x 41 18
10 330 ENGEL Y 36 x 36 12.7
11 700 CINCINNATI Y 54 x 54 110
12 1000 VAN DORN Y 66 x 73 260
13 1500 VAN DORN Y 72 x 72 260
14 165 KRAUSS MAFEI Y 28 x 28 14
15 500 BATTENFELD Y 44 x 44 38
16 330 KRAUSS MAFFEI Y 39 x 39 27
17 500 VAN DORN 47 x 51 60
18 500 VAN DORN 48 x 48 54
19 275 KRAUSS MAFFEI 39 x 41 18
20 110 KRAUSS MAFFEI 28 x 28 8
21 110 KRAUSS MAFFEI 28 x 28 8
22 110 KRAUSS MAFFEI 28 x 28 8
23 225 CINCINNATI 22 x 22 17
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Tecumseh Michigan Operations
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Open Capacity – January 2016
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
Press Size 75 100-200 250-300 300-400 500 700 1000 1500
# of Presses 1 6 5 5 3 1 1 1
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
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Rear License Plate Lamp System
Customer FORD
Exterior Component
Injection Molding
Painting
Assembly Ultra Sonic Welding
100% Testing
Ford F-Series & Ranger
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Locking & Non-Locking Head rest Guide
Customer Faurecia / JCI
Interior Seating Component
Injection Molding – 3 8 cavity tools
7 total colors on 3 vehicle lines
Automated Assembly
PP
Nissan Altima / Sentra / Versa
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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IP & Door Trim Speaker Grill
Customer Oakwood Group
Injection Molding
Painting
TPO
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
Tesla Speaker Grill
Cadillac IP Center
BMW IP Center
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Various Engine Components, Air Intake
Multi cavity molding with precision assembly
for power train and interior safety components
Injection Molding and Assembly
PA, PP, POM, PC/ABS, Filled/Unfilled
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Lift Gate Components
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Garnish Trim Components
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
Console & Door Trim Injection Molding
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Wash Cylinder
Customer Hemlock Semi Conductor
Injection Molding and Assembly
Plastic Welding, US Welding
Kynar
Silicone Wash Cylinder
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Brush Substrates
Injection Molding and Assembly
Substrate plus Bumper
PP, PVC, Blowing Agent
Commercial and Marine Brushes
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Continuous Improvement
Equipment invest
1500 Ton Van Dorn
Engel 2-Shot
Ten KM 100 to 350 Ton
10 of 23 presses
have 3 axis gantry
robots
Investment in Automation
Equipment,
Facility & Material
Flow Upgrades
Motan Central
Loading System
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com
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Owners Biographies
Louis Farkas
1975 - 1980
Tool and Die Maker
1980 – 1984
BSME
St. Clair College of Applied Engineering
1984 – 1990
Partner & Lead Engineer
Plastic Design Group Inc.
1990 – 1992
Design Manager – Interior RS Minivan
Accustar div. of Chrysler
1992 -1996
Advanced Engineering Manager
Excel Industries
1996 -1999
Director of Sales & Engineering
Fischer Automotive System
1999 -2010
Director of Sales & Engineering
MollerTech LLC
Gordon Young
Education
BS – Eastern Michigan
Finance and Economics
Harvard University 1989
Textron Executive Development Program
1978 – 1981
Arthur Anderson & Company
Senior Auditor, CPA
1981 – 1997
Textron (ExCello, Davidson Rubber)
VP Global Purchasing
VP Operations
VP Strategic Planning
Director of Engineering
Division Controller
Senior Auditor.
1997-2000
Collins & Aikman
CFO, President European Operations
Senior VP Business Development
2000 - 2004
Reko International, Windsor, Canada
COO, Board of Directors
2004 -Present
GE&T, Troy, MI
President
412 South Maumee, Tecumseh MI 49286 – Office 517-423-9700 – Fax 519-423-9398 – www.glovellc.com