21 unchanged sentences
(2) Light Assembly expected to begin at this location during 2022.
−Removed: 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.
−Removed: 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 first quarter of 2021.
−Removed: The Company additionally has leased sales and engineering offices throughout the United States, Europe, and Asia to support its sales and engineering efforts:
+Added: In 2021, the Company completed construction of a 36,000 square-foot addition to its main corporate office and manufacturing facility to expand its chemistry lab facilities, with a total cost of approximately $10 million, which was funded from cash and cash equivalents on hand.
+Added: Additionally, in early 2022, the Company began construction on a 345,000 square-foot manufacturing facility located at a 140 acre site in Zeeland, Michigan, where the Company previously performed master planning and completed land infrastructure improvements.
+Added: The total cost of the building project is expected to be approximately $60 - 70 million and will be funded with cash and cash equivalents on hand.
+Added: The facility is expected to be operational in early 2023.
+Added: The Company also has leased sales and engineering offices throughout the United States, Europe, and Asia to support its sales and engineering efforts:
Country Number of Leased Offices
5 unchanged sentences
Nevertheless, the Company continues to evaluate longer term facilities needs.
−Removed: The Company estimates that it currently has building capacity to manufacture approximately 33 - 36 million interior automatic-dimming mirror units annually, based on current product mix.
+Added: The Company estimates that it currently has building capacity to manufacture approximately 34 - 37 million interior automatic-dimming mirror units annually, based on current product mix (excluding the impact of the ongoing construction of the aforementioned distribution center).
The Company evaluates equipment capacity on an ongoing basis and adds equipment as needed.
In 2021, the Company shipped 27.2 million interior automatic-dimming mirrors.
−Removed: The Company’s automotive exterior mirror manufacturing facility has an estimated building capacity to manufacture approximately 14 - 17 million units annually, based on the current product mix.
+Added: The Company’s automotive exterior mirror manufacturing facility has an estimated building capacity to manufacture approximately 15 - 18 million units annually, based on the current product mix (excluding the impact of the ongoing construction of the aforementioned distribution center).
The Company evaluates equipment capacity on an ongoing basis and adds equipment as needed.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.