Hot off the Press


 

SHARE:  

Wis. MEP Assistance Reportedly Nets
$215 Million in Improvements for Manufacturers

Wis. MEP Assistance Reportedly Nets
$215 Million in Improvements for Manufacturers

Thursday, September 15, 2005
 
The assistance provided by the Wisconsin Manufacturing Extension Partnership (WMEP) during Fiscal Year 2005 has resulted in improvements valued at $215 million, according to manufacturers surveyed by WMEP. WMEP officials break that dollar figure down this : $159 million in increased/retained sales that resulted in 2381 created/retained jobs, $21 million in cost savings and $35 million in investment in new plants and equipment. Also, according to WMEP, state tax revenues are projected to increase $15.8 million as a result of higher sales and job creation. One manufacturer, Milwaukee-based Res Manufacturing Co. credits WMEP as being instrumental in the company’s certification to a new quality standard that led to new automotive-business opportunities. Res utilized WMEP expertise to convert from a QS 9000 to an ISO/TS 16949 quality management system and make other improvements. Res, which recently earned a Wisconsin Manufacturer of the Year award, designs and manufactures metal stampings and subassemblies and is a supplier to major automotive manufacturers. It also produces cookware handles and lawn-and-garden tools. Res has increased revenue 47 percent over the last three years, according to Dr. John Ormerod, company president, who notes unprecedented growth in the company’s automotive stamping and assembly operations. For more on WMEP services, visit www.wmep.org.

 

Visit Our Sponsors