Steeda Manufacturing moving into medical parts and new markets @ VLCIA 2012-08-21

Dario Orlando, CEO of Steeda Manufacturing, which currently makes performance parts for Mustangs, told the Industrial Authority at its 21 August 2012 Regular Session that Steeda is moving into making medical parts, plus selling to GM, and into new geographical markets.

Here’s Part 1 of 4:

Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 21 August 2012.

Allan Ricketts, VLCIA Project Manager, explained that Steeda had requested a second extension, and an amendment to reduce the requirement of number of jobs from 40 to 30.

We certainly think that is justified in the very difficult economic climate and conditions that we’ve had over the past couple of years, and certainly acknowledging that in that very challenging economic time, we’ve had steady continued growth by Steeda. And so now we’re up to about 23 employees there.

I think it is also significant to note […] that Steeda has now moved its entire manufacturing operation to Valdosta. That move represents about a million five investment in the community. Actually specifically it is $1,480,950 in some very unique manufacturing equipment. I think it is important to understand that some of this manufacturing equipment provides a great resource here that two of the current projects that we are chasing are very interested in.

Here’s Part 2 of 4:

Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 21 August 2012.

Dario Orlando then remarked that things were going very well, and:

We’re expanding into other markets like I’d mentioned before the commencement of the meeting. We’re moving into medical manufacturing because we do have the most advanced manufacturing capabilities here in Valdosta. Furthermore, we’re starting to supply General Motors with performance parts, the GM performance brand. We opened up another company here in Valdosta called LSR Performance.

I was telling Allan this morning… that we’re all going to be looking back at this day. I plan to have a couple of hundred employees here in the next five years.

Then he mentioned a new development, and Roy Copeland reminded him this was an open public meeting. Hint: they’ll be selling to China.

Steeda Manufacturing moving into medical parts and new markets Part 3 of 4:
Regular Meeting, Valdosta-Lowndes County Industrial Authority (VLCIA),
Norman Bennett, Tom Call, Roy Copeland, Chairman, Mary Gooding, Jerry Jennett, Andrea Schruijer, Executive Director, J. Stephen Gupton, Attorney, Tom Davis, CPA, Allan Ricketts, Project ManagerS. Meghan Duke, Public Relations & Marketing Manager, Lu Williams, Operations Manager,
Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 21 August 2012.

Steeda will be adding a painting facility on its site. Finally, we have a testimonial for the Industrial Authority by Dario Orlando of Steeda.

Video by John S. Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 21 August 2012.

Here’s a video playlist.

-jsq