As of December 31, 2020 the Company operates primarily out of facilities in Zeeland and Holland, Michigan, which consist of manufacturing, warehouse, and office space.
−Removed: The Company also operates a chemistry lab facility to support production in Zeeland, Michigan.
+Added: The Company also operates a chemistry lab facility in Zeeland, Michigan to support production.
In addition, the Company operates overseas offices in Europe and Asia as further discussed below.
The location, square footage and use of the most significant facilities at December 31, 2020 were as follows:
−Removed: Owned Locations
−Removed: Square Footage
−Removed: Date of Acquisition/Build (1)
−Removed: Manufacturing, Office
−Removed: Manufacturing, Office
−Removed: Manufacturing
−Removed: Manufacturing
−Removed: Manufacturing
−Removed: Manufacturing, Office
−Removed: Manufacturing, Warehouse
−Removed: Manufacturing, Warehouse
−Removed: Manufacturing, Warehouse
−Removed: Erlenbach, Germany
−Removed: Shanghai, China
−Removed: Office, Warehouse
−Removed: Shanghai, China
−Removed: Office, Warehouse
−Removed: (1) Date of Acquistion/Build refers to first year of operations, and does not refer to subsequent additions or expansions.
+Added: Owned Locations Square Footage Date of Acquisition/Build (1)
+Added: Zeeland, MI 26,600 1970 Warehouse, Office
+Added: Zeeland, MI 161,200 1972 Manufacturing, Office
+Added: Zeeland, MI 70,000 1989 Manufacturing
+Added: Zeeland, MI 70,000 1989 Office
+Added: Zeeland, MI 359,100 1996 Manufacturing
+Added: Zeeland, MI 168,900 2000 Manufacturing
+Added: Zeeland, MI 334,000 2006 Manufacturing, Office
+Added: Zeeland, MI 100,000 2010 Manufacturing, Warehouse
+Added: Zeeland, MI 31,800 2011 Office
+Added: Zeeland, MI 349,600 2016 Manufacturing, Warehouse
+Added: Zeeland, MI 258,400 2018 Warehouse
+Added: Holland, MI 242,300 2012 Manufacturing, Warehouse
+Added: Erlenbach, Germany 90,000 2003 Office
+Added: Shanghai, China 25,000 2006 Office, Warehouse
+Added: Shanghai, China 85,000 2017 Office, Warehouse (2)
+Added: (1) Date of Acquisition/Build refers to first year of operations, and does not refer to subsequent additions or expansions.
+Added: (2) Light Assembly expected to begin at this location during 2022.
In the fourth quarter of 2019, the Company began construction of a 36,000 square-foot addition to its main corporate office and manufacturing facility to expand its chemistry lab facilities.
The total cost of this addition is estimated to be $10 million and will be funded from cash and cash equivalents on hand.
−Removed: The facility is expected to be operational by the fourth quarter of 2020.
−Removed: The Company additionally has leased sales and engineering offices throughout Europe and Asia to support its sales and engineering efforts:
−Removed: Number of Leased Offices
+Added: The facility is expected to be operational by the first quarter of 2021.
+Added: The Company additionally has leased sales and engineering offices throughout the United States, Europe, and Asia to support its sales and engineering efforts:
+Added: Country Number of Leased Offices
+Added: United States 2
United Kingdom 1
The Company's Automotive Products segment operates in virtually all of the foregoing facilities.
−Removed: The Company's Other segment operates in certain Zeeland, Michigan facilities.
+Added: The Company's Other segment operates in certain Zeeland, Michigan facilities, as well as a research and development offices in Salt Lake City, Utah and Santa Clara, CA.
The Company believes its existing and planned facilities are currently suitable, adequate, and have the capacity required for current and near-term planned business.
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