{"id":1004105456,"date":"2014-10-10T14:03:26","date_gmt":"2014-10-10T22:03:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=297852"},"modified":"2020-05-19T02:40:29","modified_gmt":"2020-05-19T10:40:29","slug":"ims-gear-unveils-112-ksf-facility-in-virginia-beach-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\/","title":{"rendered":"IMS Gear Unveils 112 KSF Facility in Virginia Beach"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_297855\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/c_standortvb.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-297855\" title=\"c_standortvb\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/c_standortvb.jpg\" alt=\"\" width=\"300\" height=\"156\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">IMS Gear &#8211; Virginia Beach<\/p>\n<\/div>\n<p style=\"text-align: justify;\">IMS Gear is expanding its 14-year presence in Virginia Beach. On Friday, Oct. 3, the German automotive gear manufacturer dedicated its newest manufacturing facility in the area.<\/p>\n<p style=\"text-align: justify;\">Located at 489 Progress Lane, the 112,000-square-foot facility is three times the size of its predecessor. According to company officials, IMS Gear looked at several locations before deciding to remain in Virginia Beach.<\/p>\n<p style=\"text-align: justify;\">Guenter Weissenseel, president of IMS Gear Virginia Inc., said that the community and the availability of skilled workers weighed heavily in the company\u2019s decision. IMS Gear worked together with the Virginia Beach Economic Development Department to find the location.<\/p>\n<p style=\"text-align: justify;\">\u201cWe have earned 65 percent of the U.S. automotive gear market,\u201d Weissenseel said in a statement. \u201cOur business has multiplied five times in the last five years in Virginia Beach in both production numbers and revenue. We started producing more than one million gears per month last fall and have created more than 150 new jobs to support this growth.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cIMS Gear is a perfect example of how global manufacturers are finding success in the U.S.,\u201d Warren Harris, director of the Virginia Beach Economic Development, added. \u201cIt started with strategically locating to an area offering a quality workforce and a logistics network that effectively connects them to their customers. By then understanding how new technologies can improve their processes, IMS Gear created a successful business model that provides cost-effective products meeting the stringent quality demands of the marketplace.\u201d<\/p>\n<p style=\"text-align: justify;\">Headquartered in Donaueschingen in Germany\u2019s Black Forest region, IMS Gear company opened its first Virginia Beach location in 2000. The firm was founded by Johan Morat in 1863 as a manufacturer of precision instruments for the clock and watch industry. Maximilian Zimber-Morat, great-grandson of the company\u2019s founder and its majority shareholder, attended the dedication. IMS Gear now operates 10 manufacturing facilities, including six in Germany, one in Mexico and one in China, as well in Virginia Beach and its other U.S. location in Gainesville, Ga.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.imsgear.com\" rel=\"nofollow\" ><em>IMS Gear<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMS Gear is expanding its presence in Virginia Beach. On Friday, October 3, the German company officially dedicated its newest manufacturing facility in the area.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[],"class_list":["post-1004105456","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMS Gear Unveils 112 KSF Facility in Virginia Beach - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMS Gear Unveils 112 KSF Facility in Virginia Beach\" \/>\n<meta property=\"og:description\" content=\"IMS Gear is expanding its presence in Virginia Beach. On Friday, October 3, the German company officially dedicated its newest manufacturing facility in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-10T22:03:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:40:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/c_standortvb.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"IMS Gear Unveils 112 KSF Facility in Virginia Beach\",\"datePublished\":\"2014-10-10T22:03:26+00:00\",\"dateModified\":\"2020-05-19T10:40:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/c_standortvb.jpg\",\"articleSection\":[\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ims-gear-unveils-112-ksf-facility-in-virginia-beach-2\\\/\",\"name\":\"IMS Gear Unveils 112 KSF Facility in Virginia Beach - 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