In this past year, Phoenix Modular Elevator has made tremendous strides forward in its effort to provide great service locally and an alternative to stick built elevators across North America. As most of you know in 2017 we moved to a brand new facility in Mount Vernon, Illinois and that has improved our quality and speed, with elevators flying through our production process. It has also given our service team more room to grow and more capabilities as well.
Part of our growth meant we needed to add more team members that do everything from welding and drywall to elevator repair, maintenance and service. To help make our service even better we have hired a purchasing manager to assist with getting the right parts in fast. As well as new service employees to maintain elevators across our region.
But we are not satisfied with standing still. Our goal for 2017 was an ambitious 40% growth over 2016 and we have surpassed that goal. But reaching the goal did not come easy. We knew we had to be able to have the space and equipment to service and manufacture elevators that to go well above fifteen stories and to be able to produce and service elevators in larger and larger numbers. Due to our new expanded facilities and service personnel we feel we can now provide elevator service to any customer regardless of the number of elevators they have in their building or buildings throughout the region.
We remain optimistic for 2018 as we are again projecting 40% growth and to help push us further down the road, we again are building new space and adding an additional concrete apron around the facility to make dropping off materials and components easier, more efficient, and faster.
The new building will be constructed and operational by March of 2018 and will house our maintenance and service team. They are the folks that keep all of the machinery of the factory up and running but also keep elevators all over the area running smoothly. The site will be complete with a repair bay for the fork trucks and other needed large equipment as well as inventory for service repairs. This will greatly improve productivity. It will also give us the space we need to develop and maintain more production and service equipment. We have great ideas to improve our methods and now we will have the space to make them a reality.
This is a very exciting time for Phoenix Modular Elevator and we are looking forward to a happy New Year indeed. We hope your’s is just as prosperous.