United Equipment Accessories, Inc. was honored in March to receive the Greater Cedar Valley Alliance & Chamber award for Business of the Year for large manufacturers. The Greater Cedar Valley Alliance, based in Waterloo/Cedar Falls, Iowa, represents the economic interests of a 50-mile radius around these cities for business and industry interests. We sincerely appreciate the recognition bestowed upon us. It means we are doing many things right here at UEA.
UEA has always been a place where employees are appreciated and in whom it is willing to continually invest. Our philosophy is to put people into positions for which they can succeed and grow. It also means we are looking to the future for the next leaders of the organization. Our current employment of 123 individuals will soon grow to over 135 after current open job positions are satisfied. Our continual reinvestment is not only in people, but in facilities and products as well.
We are in the final stages of a 20,000 ft. plant expansion at our north campus; making our total facility over 100,000 sq. ft. The driver for this was our new hydraulic swivel product line. The success of this initiative is now paying dividends for the company. Its combination with our current globally-recognized slip ring line helps bring even more value potential to our customers in various markets. We are also looking for market opportunities to expand our transmission controller and electric cable reel product lines as well.
Finally, our initiatives in research and development are anticipating the future needs of our customers and markets. We are already planning for the “next” UEA product.
We've been here almost 63 years. We hope our future success brings recognition to all manufacturers in our area and Iowa and the contributions they make to our economies.