Lydall, Inc. is a leading producer of specialty engineered products for demanding thermal/acoustical and filtration/separation markets.
To be able to carry out the company’s strategy, one of which is to be global company known for its excellent service, high quality, and unique technologies, Lydall embarked on its Lean Six Sigma journey. That was in 2005.
A couple of years later, Lydall can already boast of significant benefits and savings brought about by its Lean Six Sigma initiatives.
According to Dale Barnhart, President and Chief Executive Officer:
“We closed the year with a solid fourth quarter as sales and operating income increased significantly when compared to last year’s fourth quarter. For the year, excluding the impact of foreign currency translation, sales increased by 1 percent and operating income by 4 percent, as compared to 2006. Contributing factors were: the strong performance of our air and liquid filtration businesses; continuing improvements by the vital fluids operation; a stable automotive business, despite current market conditions; and the ongoing benefits of our Lean Six Sigma efforts.
I can’t stress enough the importance of the Lean Six Sigma program to Lydall, especially in light of the current economic climate. Since we first began implementing Lean Six Sigma at the beginning of 2005, gross margins as a percent of net sales have increased by 290 basis points and we look forward to continued progress as Lean becomes inherent in the culture of Lydall.”
Source:
CNN Money
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