The last two years have been pretty kind to Hines Industries.
The Ann Arbor-based manufacturing tech firm’s revenue has spiked 30 percent in each of the last two years. That has enabled it to hire five new people (engineers) over the last year, expanding its staff to about 40 people.
"We have had an increase in the automotive section," says Dawn Hines, CEO of
Hines Industries. "That is because the automotive sector was ordering less in 2010 and 2011."
Hines Industries makes balancing equipment for manufacturers. Its standard dynamic balancing machine models and specialized balanced configurations for the automotive industry that improves manufacturing process efficiency.
Hines points out that her company has invested in its own operations, including a new IT system, an improved website, and a better customer communication systems. She credits the rebounding economy and surging auto industry with the recent growth spike, but expects it to level out to low-double-digit growth in the next couple of years.
"We think we will be growing something like 15 percent per year," Hines says. "We expected to do more business with existing customers and more business internationally."
Source: Dawn Hines, CEO of Hines Industries
Writer: Jon Zemke
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