U-Tracking International production facility
U-Tracking International Incorporated, a leading international consumer products company that develops, manufactures and markets a diversified portfolio of GPS Tracking products, will move its headquarters in Chicago, IL and consolidate operations in South Florida.
U-Tracking said its decision followed a careful analysis of the economic and business climate of a number of potential locations. The primary reason cited for moving to South Florida is the excellent domestic and international air service provided by Fort Lauderdale International and Miami International Airports. This will enable the company's management to be closer to its training and manufacturing facilities throughout the South Eastern United States and Latin America.
"We are consolidating our training and production facilities with our corporate offices to expedite the development of more innovative and cost-efficient way to market and advertise in North America," said Mr. Simon Lloyd, chairman and chief executive officer. "The concentrated leverage of all of our company locations will help to drive down costs. And with one facility handling all the training and production as well as sale applications, our operating budget will benefit from a better coordinated more economical effort. The North American consolidation is part of U-tracking International’
"As part of our program and a commitment to profitability to our shareholders, we have been working hard to reduce our corporate overhead without affecting our production capabilities. As of today we have fewer employees than we did several years ago, and, we are producing more sales and as a result, we now use considerably less corporate office space. Consequently, we have decided to consolidate our operations into a more cost effective facility. We are looking forward to joining the growing and dynamic business community in South Florida," said Lloyd, The move will be a seamless transition for the company as most of the distributor training is already in place at the company’s current south Florida facilities.
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