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1、DearFellowShareholders,ItismyhonortowriteMayvilleEngineeringCompanys(MEC)firstshareholderletterasapubliclytradedcompany.2019wasamilestoneyearforMEC.Wearenowpositionedtobuilduponourlegacyin2020andbeyond.AsIwritethisletter,thethemeIwouldliketohighlightisCustomerSuccess:WeMakeThingsSimple.Ihaveemphasiz
2、edthisthemethroughoutmytenureatMEC.Itisonethattrulydriveseverydecision,everyinvestment,andeveryinitiativeweundertake.Inshort,itiswhywearethelargestand,webelieve,mostsuccessfulfabricatorinthecountry.Sohowdowesimplifythingsforourcustomersandwhywillthatcontinuetodrivelongtermgrowth?Ourcustomersarebluec
3、hipOEMcompanies.Theyaretheleadersoftheirrespectiveindustries.Theirfocuswillalwaysbeoncreatingthebestpossibleproducts.MECpartnerswiththesebluechipcompanies,allowingthemtofocusonsuperchargingtheirproductdevelopment,assemblyanddistributionconnectiontotheircustomers.Wealsobelievethatastheysharpentheirst
4、rategyandoutsourcemore,itcreatesnewopportunitiesforMECtogrow.Weprovideasimpleandprovencosteffectivesolutionthroughourscaleandagilitythattheycouldnotcreateontheirown.Welessentheircapitalexpenditures,reducetheirworkingcapitalinvestment,andlowertheirworkforcerequirements.Weareaseamlesspartnerthatsuppor
5、tstheirmissionandtheirsuccess.WeMakeThingsSimple.MECwasfoundedonandcontinuestofocusonfourimportantfactors:quality,cost,speedandoutstandingcustomerservice.Wedemandofourselvesthatwearethehighestquality,mostcostefficient,andmostagilefabricatorintheworld.MEClooksforwaystoaddvaluetoourrelationships.Ourcu
6、stomersareourpartnersandwestrivefortheirsuccess.Wehonorourheritage,whilebuildinguponthesetraditionseveryday.OurlongtimeOEMpartnersinvolveusfromdayoneinthecreationofanewproduct.Wecollaborateondesignandmanufacturingsotheproductcanbedevelopedandassembledinthebestwaypossible.Ourpartnersknowthatourexpert