ALBANY, Ore., April 23 /PRNewswire-FirstCall/ -- Pacific Cast Technologies
(http://www.paccast.com), a subsidiary of Ladish Co., Inc., (Nasdaq: LDSH)
(http://www.ladishco.com) today announced that it has been awarded Preferred Supplier
Certification at the Silver Level by the Boeing Company. According to Randy
Turner, PCT's president, "The award recognizes excellence in product
performance, process control, and business processes, as well as a supplier's
commitment to continuous improvement and customer satisfaction."
Valerie Caughlin, the Boeing Company team leader who supervised the
certification process at PCT, says, "The Preferred Supplier Certification
Process is a key element in Boeing's effort to optimize its supplier base. The
process tells us who the top performers are and helps us make decisions about
how to allocate business. PCT did well in the evaluation. The company has many
unique processes in place and has created an exceptional team environment."
Turner says "We are proud to have earned a Silver Level Certification from
Boeing. The criteria are challenging and include, at the Silver Level, 99
percent product acceptance and 95 percent on-time delivery. These criteria
underscore the degree to which performance in the areas of quality and
schedule adherence is crucial to measuring up."
In 2002, PCT improved flow and productivity by completing a planned
facility modernization. According to Kerry Woody, Ladish's President and CEO,
"Over the last few years we've targeted investments to enhance performance and
value in every Ladish operating unit. It is gratifying to see the success our
casting team is now achieving. For example, this year 30 percent of PCT's
business will come from four new customers that were attracted by the
company's advanced process and quality capabilities. This development is a
result of making decisions that add value -- and customers are reacting
favorably."
Pacific Cast Technologies supplies investment cast titanium parts for
airframe, turbine engine, and aerospace structural applications. The company
is located in Albany, Oregon, and is a subsidiary of Cudahy, Wisconsin-based
Ladish Co., Inc.
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish has operations in Wisconsin, Oregon and Connecticut. Ladish
common stock trades on Nasdaq under the symbol LDSH.
This release includes forward-looking statements that are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from those projected in
them. These risks and uncertainties include, but are not limited to,
anticipated slowdowns in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions and
the effect of foreign currency fluctuations.
SOURCE Pacific Cast Technologies
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Related links:
http://www.paccast.com
http://www.ladishco.com
CONTACT:
Jack Golden of Pacific Cast Technologies,
+1-541-926-7711, Fax, +1-541-967-7786; or William Libby of Libby
Communications, for Pacific Cast Technologies, +1-203-431-8480,
Fax, +1-203-431-6132
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