Southfield, MI, September 11, 2017 – Janesville Acoustics, a division of Jason Industries Inc. (NASDAQ:JASN and JASNW), was one of 13 companies to receive the 2016 National Labor Award, awarded by the Mexican Government through its Ministry of Labor and Social Security.
Janesville Acoustics has eight locations including two in Mexico. Teams at these two locations received the award for a LEAN project to improve the downtime, productivity and scrap rate of one of its molding cells in order to gain availability for new programs. Utilizing the fundamentals of LEAN principles, the team improved Overall Equipment Effectiveness (OEE) in the molding cell from 78% to 91% – which is considered Best-in-Class for manufacturing. Success in these types of projects help us better utilize existing capital while delivering a solid Return on Invested Capital (ROIC).
Other 2016 National Labor Award winners in the automotive section included Volkswagen and Obara Corporation. Software, Food & Health and Service winners included IBM, Gelita and Plazita Gourmet.
“We’re honored to be recognized among this group of innovative companies,” said Srivas Prasad, Senior Vice President & General Manager – Janesville Acoustics. “I am proud of what Claudia Cervantes, VP of Manufacturing in Mexico, and her team have accomplished. Our teams will continue to collaborate to improve efficiency and provide high quality and top-of-the-line innovative products.”
The 11th edition of the National Labor Award program offered a reward of four million pesos ($220,000 USD), to be distributed evenly amongst the winners. In total, there were 308 projects registered, which included more than 1,660 workers from diverse economic sectors, enterprise sizes and states. Each of the 13 winners received an award around $17,000 USD paid in cash and shared between the team members.
About Janesville Acoustics
Janesville Acoustics is one of the world’s largest producers of acoustical and thermal fiber insultation for a variety of automotive applications. Founded in 1874, the company is based in Southfield, Michigan with manufacturing plants and satellite offices in Michigan, Ohio, Mississippi, North Carolina, Missouri and Mexico.
About Jason Industries, Inc.
Jason Industries, Inc. (NASDAQ:JASN and JASNW) is the parent company to a global family of manufacturing leaders within the finishing, components, seating and automotive acoustics markets, including Osborn (Richmond, Ind. and Burgwald, Germany), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), and Janesville Acoustics (Southfield, Mich.). Headquartered in Milwaukee, Wis., Jason employs more than 4,400 people in 13 countries. To learn more, please visit www.jasoninc.com.
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