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June 18, 2018

Lampin Profit Grows 70 Percent in 2014

UXBRIDGE, Mass., Feb. 10, 2015 /PRNewswire/ — Lampin Corporation has released FY2014 figures projecting a 70 percent growth in net profit margins compared to FY2013, with total revenues increasing by 22 percent over the same period.

Lampin President Bill DiBenedetto is excited by the fact the company is becoming more productive and profitable despite significant shifts to small quantity runs and much more programming demand from the marketplace.

“I’m very happy with these numbers,” said DiBenedetto. “It’s a strong testament in support of our LEAN Manufacturing practices.”

The year also saw the company focus on setup reduction and reducing lead times through improved workshop organization. The majority of the company’s cost is in labor and as much as 45 percent of that expense was being spent in production setup. During the past year, Lampin employee-owners were able to reduce overall setup times by one-third, generating a significant cost savings.

“Lampin’s gross margins improved because the company spent time and resources to capture and reduce operational waste thus increasing capacity to ship more revenue,” said DiBenedetto. “This added capacity came at a time when our clients needed it.”

DiBenedetto predicts that the coming fiscal year will yield even better numbers for Lampin. The company plans to spend the upcoming year improving its response time to increasing customer demand by bringing state of the art equipment technology on line in the first and second quarters.

“It hasn’t been easy,” said DiBenedetto. “You can’t get caught up in growth. You have to standardize practices and find something that works. This makes our manufacturing operation more formidable and strengthens the ESOP trust fund.”

About Lampin Corporation

Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, birthplace of the industrial revolution, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lampin-profit-grows-70-percent-in-2014-300033739.html

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Lampin Profit Grows 70 Percent in 2014

Lampin Corporation Educates Students with Company Tours on Manufacturing Day

UXBRIDGE, Mass., Oct. 1, 2014 /PRNewswire/ — Lampin Corporation is proud to be participating in Manufacturing Day on October 3. This Day, which happens in the autumn of every year, is intended to bring attention to the manufacturing industry. By doing so, it allows local manufacturing companies to showcase their services and educate the public about what they do.

This year the Blackstone Valley Education Foundation, Blackstone Valley Chamber of Commerce and the regional high schools have decided to partner with manufacturing companies in the area. With these partnerships, high school students are able to increase their knowledge about careers in the manufacturing industry.

Lampin is one of the area’s most active manufacturing companies, providing engineering and precision machining to manufacture right angle gear drives, and custom precision components. Lampin and other manufacturing companies will use Manufacturing Day to invite students from local high schools to have an inside look at their facility and learn how the manufacturing process works.

“The purpose is to continue offering exposure to manufacturing in the hope that more of our students will learn, see opportunities and want to center their careers in this type of business,” said Bill DiBenedetto, president of Lampin. “This is part of our continuing effort to help develop the workforce of tomorrow.”

Manufacturing Day events help educate local students to be prepared for the workforce and make an independent living for themselves. In today’s society, this is an invaluable resource since many young adults struggle to find lucrative employment. For this reason, the companies participating in this event are dedicated to their community and to helping future generations pave a path for themselves in the manufacturing industry.

About Lampin:
Lampin Corporation, an ITAR-compliant and ISO 9001:2008 Certified Company, delivers critical component manufacturing expertise that goes beyond precision. Located in the historic Blackstone River Valley, Lampin is a 100% employee-owned company. Lampin’s value engineering approach ensures that design, materials and process combine to provide the best value in the industry. Lampin also manufactures MITRPAK, the right angle gearbox and spiral bevel gear drive preferred by OEM and MRO customers desiring reduced risk, lower inventory, and improved asset availability. Learn more about Lampin and MITRPAK and sign up for the e-newsletter at www.Lampin.com.

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Lampin Corporation Educates Students with Company Tours on Manufacturing Day