15 unchanged sentences
Zeeland, MI 258,400 2018 Warehouse
+Added: Manufacturing, Warehouse
Holland, MI 242,300 2012 Manufacturing, Warehouse
5 unchanged sentences
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.
−Removed: Additionally, in the first quarter of 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.
−Removed: The total cost of the building project is expected to be approximately $80 - 90 million and will be funded with cash and cash equivalents on hand.
−Removed: The facility is expected to be operational sometime in 2023.
−Removed: The Company has also begun construction on two building expansions during the second quarter of 2022.
+Added: Additionally, in the fourth quarter of 2023, the Company completed 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 was approximately $85 million, which was funded with cash and cash equivalents on hand.
+Added: The Company began construction on two building expansions during the second quarter of 2022.
The Company is expanding its current distribution center by an additional 300,000 square feet, with a total cost still expected to be approximately $40 - $45 million.
−Removed: The Company is also expanding another of its manufacturing facilities by an additional 60,000 feet, with a total cost still expected to be $20 - $30 million.
+Added: The Company is also expanding another of its manufacturing facilities by an
+Added: additional 60,000 feet, with a total cost still expected to be $20 - $30 million.
Both of these expansion projects will be funded with cash and cash equivalents on hand.
−Removed: The Company also has leased sales and engineering offices throughout the United States, Europe, and Asia to support its sales and engineering efforts, as well as a leased manufacturing facility in Grand Rapids, Michigan:
+Added: Both facilities are expected to operational sometime in 2024.
+Added: During 2023, the Company began the design and initial build phase of the previously announced Gentex Discovery Preschool, an on-site daycare and preschool designed to provide Company employees with convenient, cost-effective access to quality childcare.
+Added: Construction is expected to begin in 2024, subject to regulatory approval as a result of wetlands mitigation, with an expected completion date in 2025.
+Added: The total cost of the building project is expected to be $12 - $15 million, which will be funded with cash and cash equivalents on hand.
+Added: The Company also has leased sales and engineering offices throughout North America, Europe, and Asia to support its sales and engineering efforts, as well as a leased manufacturing facility in Grand Rapids, Michigan:
Country Number of Leased Offices/Facilities
2 unchanged sentences
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, as well as a research and development offices in Salt Lake City, Utah and Santa Clara, CA.
+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;
+Added: 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.
7 unchanged sentences
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.