Automotive suppliers have felt the ups and down of the economy as much as any firm. Hines Industries can attest to that as the manufacturer is growing with the rebounding economy.
The Ann Arbor-based firm has watched its revenue jump 40 percent over the last year and expects to do it again this year. It has hired 11 people, including two of its former interns. The 33-year-old company now has a staff of 40 employees and one intern.
"Our automotive orders are up a lot," says Dawn Hines, CEO of
Hines Industries. "The economic health of the country is improving. I think it's a general improvement in the economy and improvement in the automotive industry specifically."
Hines Industries specializes in the design and manufacture of balancing equipment with a goal of improving efficiency of manufacturing processes. It offers standard dynamic balancing machine models and specialized balanced configurations for the automotive industry.
Hines is optimistic about her company's continued improved prospects because its customers are actively buying and indicating they want more.
"We have a huge backlog," Hines says. "A lot of our customers are saying they are going to put more orders in."
Source: Dawn Hines, CEO of Hines Industries
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at
SEMichiganStartup.com.
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