Report On Industry Magazine -
[Cached Version]
Published on: 10/20/2002
Last Visited: 7/3/2003
Although Vannatter began to recruit professional managers as early as the 1980s, his commitment to team leadership blossomed fully in late 2001, with the creation of a management team that includes Bill Adams as President and CEO of Vannatter Group.
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A big-picture strategist, Bill Adams brought to the company an extensive experience in the automotive and medium to heavy-duty truck industry.He was previously President of Kelowna, B.C. based Northside Industries and held executive positions at Bliss Manufacturing and Tridon Inc.He holds an MBA degree from the Richard Ivey School of Business at the University of Western Ontario and a bachelor degree in labor studies from Hamilton's McMaster University.
Adams clearly recognizes the severe challenges facing the tool shop industry.
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For Vannatter Group, which is in the mid-size to large supplier category, Adams sees a window of opportunity in the Southeastern U.S. states of Mississippi, Louisiana, Georgia, Alabama and South and North Carolina.In their efforts to create employment opportunities, these states have offered attractive monetary incentives to Asian auto manufacturers looking for new site locations.These are also "right to work" states, offering an "anti-union" sentiment that is attractive to transplant operations.
"What we have to do is capitalize on the Southeastern U.S. market and demonstrate to the transplant manufacturers that we can build tools of equal quality at prices competitive with Japanese suppliers," Adams says.Although the Vannatter Group itself is a fully unionized environment, it has opened doors through its association with Aisen, a Japanese die cast company based in Kentucky.Largely owned by the Toyota Motor Company, Aisen supplies both Toyota and Honda Motor Company.Aisen recently announced that it will build a new plant in Cambridge, Ontario to supply Toyota's automotive manufacturing site in nearby Kitchener.
Vannatter Group has been selected to produce for Aisen the first transmission die to be used on Toyota cars in North America.The die is currently in trial stages and Adams says his company is hoping to build on this relationship and become a key supplier of tooling to Aisen.
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"If the price of magnesium continues to fall to the point that it matches the price of aluminum, that would create an opportunity for car companies to produce more parts out of magnesium that are currently produced from steel or aluminum," Adams says.
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Although the Vannatter Group has housed all of its operations in Wallaceburg for the past 50 years, Adams doesn't rule out the potential for setting up shop in Mexico or another country.