Bill and Jane Johnson during a recent visit at JASPER's headquarters.
Bill Johnson, Jr. of Lexington, Kentucky, bought a remanufactured JASPER engine in the fall of 1974 for his 1965 Chevy Belair. The 230ci ‘Turbo-Thrift’ inline six-cylinder continues to deliver mile after mile performance, totaling approximately 120,000 miles, 43 years after its installation.
Bill, and his wife, Jane, were at Jasper Engines & Transmissions May 2nd for a walk-through tour of the Wernsing Road facility. Johnson is a member of the Vintage Motor Car Club of America. The group was participating in the first leg of a “Lewis & Clark” tour between New Albany, Indiana, and St. Louis, Missouri when they stopped at JASPER.
Johnson’s mother purchased the car new in 1965 for $2,600.00, and gave the car to her son during his sophomore year in college. Originally a daily driver, the Belair is now considered a ‘Hobby Car’. Johnson drives the car on antique car tours across the country. It’s most recent trips include the summits of Mt. Evans, the highest paved road on the North American continent, and Pikes Peak, both in Colorado. “It’s been driven down to the southern end of US 1 (Key West, Florida), Times Square and Cape Cod.”
“It’s been a flawless engine that’s still getting us down the road. I would buy another JASPER product in a heartbeat,” Johnson said.
Have you ever contemplated why we as humans are so innately compelled to volunteer? Generally speaking, we volunteer because we want to make a difference, or give back to a cause in which we have some sort of sentimental connection. For others, volunteering provides an opportunity to develop new skills, or to grow an existing interest. Whether it's giving their time or money, JASPER® Associates have always risen together to support others in need. And now we have a new opportunity to make a difference for a local family.
Recently, on April 22nd, ground was broken for the latest Habitat for Humanity home sponsored by Jasper Engines & Transmissions. This future home is for a deserving mother and her two children in the nearby city of Huntingburg, Indiana.
Habitat for Humanity of Dubois County was founded 18 years ago, and has helped 13 local families by partnering with them to build simple, good housing. Habitat selects “partner families” to become Habitat homeowners. Much like the idea of paying forward, before the groundbreaking begins, partner families must invest a minimum of 150 hours of “Sweat Equity”, usually by helping to build other Habitat homes elsewhere. Beyond the groundbreaking, a partner family must then invest a cumulative total of 300 hours in order to move into their own Habitat house. What a rewarding way to give back to our community and neighbors, don't you think?
Associate-Owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value April 25th. A total of $9,963,676 in new shares was distributed to 2,316 eligible Associate-Owners.
JASPER® share value has experienced rocket ship growth since the inception of its ESOP in 2009 at $2.30 per share. JASPER Chairman/CEO Doug Bawel was thrilled to announce to Associate-Owners the 100% Associate-Owned company’s new share value was $220.55 for 2016, up 20.6% over 2015!
“To put your company in perspective,” Bawel told Associate-Owners, “the NASDAQ, S & P 500, and the Dow averaged 10.1% growth in 2016, and you averaged 20.6%, which is double what those three did last year.”
Bawel shared, “JASPER has been blessed, and has so much to be thankful for, including four record-setting years.” He added the company is very thankful for all the hours, efforts and 18,400+ Continuous Improvement ideas of our Associate-Owners in making 2016 such a success. “As you can see, we have had great growth in our share value since we started our plan, and we have outperformed Apple, Ford, Microsoft, General Electric and 98% of all publicly-traded companies.
“If we stay committed to Safety, Quality, Productivity, Customer Service and Reduction of Waste, we can, and will continue, to be very successful,” he added.
Today, Jasper-Weller has 11 remanufacturing plants, 75 branch locations and 3000+ Associate-Owners across the United States.
Country music singer/songwriter, Colton James, has become a regular visitor at Jasper Engines & Transmissions in recent months, not only to show his support for the 190 military veteran Associate-Owners that work at our facilities, but to share information about his project Harvest 4 Heros.
Harvest 4 Heroes helps fund the support for our wounded war veterans in providing them an opportunity to visit a retreat just outside Norfolk, Virginia. This retreat is designed to meet the needs of our wounded veterans and provide bonding opportunities for them and their families while partaking in hunting, fishing, camping and other outdoor activities.
His most recent visit was on April 5th to shoot a music video for his song, "Brave Men", a tribute to all who served in the Armed Forces. Some of JASPER's military veteran Associates were asked to participate in James' video, and contribute a picture of themselves in uniform for the video shoot.
"We are really excited to be at Jasper Engines & Transmissions, in the fact that you employ so many veterans across the country," said James. "One thing this video is going to stand for is going to be representing what all our brave men and women do."