Photo of: Jim Krzyzewski

Mr. Jim Krzyzewski

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Nyloncraft , Inc.
Mishawaka, Indiana
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    www.wndu.com/home/headlines/46665422.html - [Cached Version]
    Published on: 6/1/2009    Last Visited: 6/2/2009  

    "GM has taken some pretty positive steps in the last few weeks to limit exposure for suppliers," said Jim Krzyzewski, President of Nyloncraft.

    A treasury program will help companies like them keep their heads above water by paying for their receivables; lessening the blow of the bankruptcy and in turn giving GM a chance.

    "All it takes is one supplier not to go along with the game and you can't build a car or a truck," Krzyzewski said.

    Krzyzewski says one third of their business is with GM, and that they are currently owed a few hundred thousand dollars. But he says that is much less than it could have been without the programs, which allow them to get paid within 5-7 days, rather than the 2 months or so it took to receive payments in the last year or so.

    Meantime, there are are high hopes for the future.

    "Our theme has been survive to thrive so that's what we're trying to do," Krzyzewski said.

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    www.wsbt.com/home/video/34365979.html - [Cached Version]
    Published on: 11/11/2008    Last Visited: 11/17/2008  

    "We'd have a disaster," said Nyloncraft's President and CEO Jim Krzyzewski.
    ...
    It's a matter of what it's going to do to save the business," Krzyzewski said.

  • View Online Source
    www.lakemichigancollege.net/news/2007/060107-Foundation - [Cached Version]
    Published on: 6/1/2007    Last Visited: 7/30/2007  

    Dr. Randall Miller, Jim Krzyzewski and Steve Silcox
    ...
    Lake Michigan College president Dr. Randall R. Miller (left) and LMC Board of Trustees chairman Mr. Steve Silcox (right) recently presented outgoing LMC Foundation Board of Directors President Jim Krzyzewski with a replica motorcycle in appreciation for his three years of service leading the board.
    ...
    Krzyzewski is president and CEO of Nyloncraft, Inc. of Mishawaka.
    ...
    Miller, who previously served as the Foundation's vice president, replaces Jim Krzyzewski, president and CEO of Nyloncraft, Inc. of Mishawaka, as Foundation president.
    ...
    Krzyzewski served as president for three years and will continue to serve as a Foundation Board member.

    In addition, two new members were appointed and eight current members were re-appointed to the Foundation Board of Directors for three-year terms beginning July 1, 2007, and ending June 30, 2010.

  • View Online Source
    www.wsbt.com/news/business/42164147.html - [Cached Version]
    Published on: 3/31/2009    Last Visited: 5/10/2009  

    "It basically guarantees our receivables for five days," said Nyloncraft President Jim Krzyzewski.
    ...
    "We've had to take some major steps here," said Krzyzewski.
    ...
    Nyloncraft is diversifying, too, said Krzyzewski.

    It's one reason why both companies think "forced" restructuring in Detroit may not be so bad.

    "This is the most fundamental, most concrete step I've seen taken to bring it to conclusion," said Krzyzewski.
    ...
    And we've got to be on the right side of it when that happens," said Krzyzewski.

  • View Online Source
    www.wsbt.com/news/local/36477554.html - [Cached Version]
    Published on: 12/19/2008    Last Visited: 12/20/2008  

    "It's good news," said Nyloncraft president Jim Krzyzewski. "It's not the end-all. It's a step in the game.

  • View Online Source
    www.wndu.com/localnews/headlines/34771554.html - [Cached Version]
    Published on: 11/19/2008    Last Visited: 11/20/2008  

    "At one time every machine ran here ran 24 hours a day 5 days a week and it's down now to less than half capacity," said Nyloncraft President Jim Krzyzewski, as he stood in the portion of the factory that makes the products that are sold to GM.
    ...
    Survival is very key right now," Krzyzewski said.

    If GM declared bankruptcy, Krzyzewski anticipates they'd probably lose out on some of the money GM owed them for their orders.

    They get paid about every 60 days, and they say fortunately they just got their check last week.

    Meanwhile he says they're watching what happens in Washington very closely; and not just with GM, but with Ford and Chrysler, too.

  • View Online Source
    www.southcountydems.com/Front_Page.html - [Cached Version]
    Last Visited: 11/27/2008  

    About 70 percent of the company's business is automotive â€" General Motors is Nyloncraft's No. 2 customer, behind Firestone, said Jim Krzyzewski, Nyloncraft's president and chief executive.

    When the government bailed out Chrysler in 1979, the company had a long-term plan, Krzyzewski said.

    "You look today in Detroit, you haven't got that," he said.

    So Nyloncraft, which produces plastic parts for automakers, is building up the corporate equivalent of money under the mattress â€" a rainy day fund just in case.

    "We have to hoard cash," he said. "The thing that I kind of look at is, could we survive as a business if GM did go bankrupt? I think we could."

    GM will continue to do business, either through the bailout or through bankruptcy, Krzyzewski said.

  • View Online Source
    www.lakemichigancollege.net/news/2007/043007-RaddeAward - [Cached Version]
    Published on: 4/30/2007    Last Visited: 7/30/2007  

    Past winners include James M. Krzyzewski, president and CEO of Nyloncraft, Inc.; LMC Board chairman Steve Silcox; Stephen F. Upton; Senator Harry Gast; Muhammad and Lonnie Ali; and David Whitwam, former chairman of the board and CEO of Whirlpool Corporation.

  • View Online Source
    www.wsbt.com/home/video/46661642.html - [Cached Version]
    Published on: 6/3/2009    Last Visited: 6/3/2009  

    "It's not a good time," said Jim Krzyzewski, President. "We've got half our folks laid off."

    And Monday came the news that General Motors, one of the company's biggest customers, is going bankrupt. Krzyzewski said he was prepared.

    "We're going to have two weeks of shutdowns at this plant (this month) and that's been part of the plan even before today's announcement," he said.

  • View Online Source
    www.wsbt.com/news/local/19198034.html - [Cached Version]
    Published on: 5/23/2008    Last Visited: 5/23/2008  

    At Nyloncraft in Mishawaka, about 40 of the 80 workers temporarily laid off have already been called back in the last three weeks, Jim Krzyzewski, president and chief executive officer, said.

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