LAI International Reports Record Sales Year, Revenue Increase of 15 Percent
LAI International, Inc. (Scottsdale, AZ) reported a record-breaking sales year with revenues increasing 15 percent last year. LAI reported 2008 revenues rose 15 percent over the previous year. The company projects another record-setting year with $55 million to $58 million in revenue for 2009.
“We are well positioned in three strong markets for precision manufacturing ? aerospace, defense and power generation,? Stewart Cramer, president of LAI, said. ?We are committed to continuous improvement and will focus on a number of major performance initiatives to drive improvement throughout the company, including operations, quality, engineering, customer service and sales.?
The company will continue to invest in Six Sigma quality management methods and lean manufacturing initiatives, Cramer said. “A key focus this year will be on building our technological foundation to a higher level and enhancing our core competitive advantages, he said. ?We will continue to gain market share in our core markets by broadening our customer base, expanding our service offerings and better leveraging the diverse capabilities of our company. Our focus is to develop value-based manufacturing solutions aligned with our customers? needs and requirements.?
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