Profile: Kimball International Inc (KBALA.PK)
26 Oct 2011
Kimball International, Inc., incorporated on August 24, 1939, provides a variety of products from its two business segments: the Electronic Manufacturing Services (EMS) segment and the Furniture segment. The EMS segment provides engineering and manufacturing services which utilize common production and support capabilities globally to the medical, automotive, industrial, and public safety industries. The Furniture segment provides furniture for the office and hospitality industries, sold under the Company's family of brand names. The Company’s production occurs in Company-owned or leased facilities located in the United States, Mexico, Thailand, China, and Poland. In the United States, the Company has facilities and showrooms in 11 states and the District of Columbia.
Electronic Manufacturing Services
The Company produces electronic assemblies, circuit boards, and wiring harnesses for electronic organs. The Company's focus is on electronic assemblies that have durability, quality, reliability, and regulatory compliance requirements primarily in medical, automotive, industrial, and public safety applications. Electronics and electro-mechanical products (electronic assemblies) are sold globally on a contract basis and produced to customers' specifications. The Company's engineering and manufacturing services primarily entail design support; new product launch; production and testing of printed circuit board assemblies (PCBAs); industrialization and automation of the manufacturing processes; product and process validation and qualification; testing of products under a series of harsh conditions; assembly and packaging of electronic and other related products; and product life cycle management. As of June 30, 2013, the Company's EMS segment consisted of six manufacturing facilities with one located in each of Indiana, Florida, Poland, China, Mexico, and Thailand.
The Company competes with Benchmark Electronics, Inc., Jabil Circuit, Inc. and Plexus.
The Company’s Furniture segments core markets include office furniture sold under the Kimball Office and National brand names. Throughout all of the brands, the Company offers unlimited possibilities for creating functional environments that convey just the right image for each e setting. Kimball Office and National provide office furniture solutions for private offices, open floor plan areas, conference rooms, training rooms, lobby, and lounge areas with a mix of wood, metal, laminate, paint, and fabric options. Products include desks, credenzas, seating, tables, collaborative workstations, contemporary cubicle systems, filing and storage units, and accessories, such as audio visual boards and task lighting. Kimball Hospitality provides in room and public space furniture solutions for hotel properties, condominiums, and mixed use developments. Products include headboards, desks, tables, dressers, entertainment centers, chests, wall panels, upholstered seating, task seating, cabinets, and vanities with a broad mix of wood, metal, stone, laminate, finish, and fabric options. Also included in this segment are the Company's trucking fleet and customer fulfillment centers, which handle primarily product of this segment; but certain logistics services, such as backhauls, are sold on a contract basis.
The Company's furniture products as of June 30, 2013, were primarily produced at eleven plants: seven located in Indiana, two in Kentucky, and one each in Idaho and Virginia. In addition, select finished goods are purchased from external sources. In addition, a facility in Indiana houses an education center for dealer and employee training, a research and development center, and a product showroom. Furniture showrooms are maintained in nine additional cities in the United States. Office space is leased in Dongguan, Guangdong, China, to facilitate sourcing of select finished goods and components from the Asia Pacific Region.
The Company competes with Steelcase Inc., Herman Miller, Inc., Knoll, Inc., Haworth, Inc. and HNI Corporation.
Kimball International Inc
1600 Royal Street
JASPER IN 47549-1001