Wisconsin Governor Announces New Manufacturing Plan at Mitsubishi Laser Customer GenMet


February 26, 2008

Wood Dale, IL - Wisconsin Governor Jim Doyle visited Mitsubishi Laser customer GenMet (Mequon, WI) last month to launch the Next Generation Manufacturing Plan, a plan that focuses on efficiency and lean manufacturing principles.

The plan will target $85 million in existing and new tax credits to leverage $1.6 billion in private capital investment, creating 5,000 new jobs and training 4,000 workers for the jobs of tomorrow.

"To remain competitive, our manufacturers must continue to become leaner and more efficient, the Governor explained in his speech. Main plan objectives include making manufacturers more competitive, expanding lean manufacturing, and creating tax credits help invest in the future of the industry.

GenMet recently upgraded its flexible manufacturing system from Mitsubishi Laser. The FMS system includes two 3015LVP/40CFX lasers with a 16-shelf material tower, six nest carts and automated material handling system. The system minimizes setup time, provides automatic load/unload capability, and can run unattended, reducing costs for both GenMet and its customers. GenMet has been a Mitsubishi company since the first laser was purchased in 1998. This is the company's third equipment upgrade since.

"Mitsubishi has helped grow GenMet from $3M in revenue in 1999 to $12M last year. The new machines cut twice as fast and their cutting conditions are vastly improved," said GenMet CEO Eric Isbister. Mitsubishi and their distributor, Advanced Manufacturing Systems, have always been men of their words."

"GenMet continues to make decisions and purchases that keep the company evolving and growing successfully, comments Bill Isaac, VP of Sales for Mitsubishi Laser. "It is an honor to be partners with a company that understands how critical having the right technology is to a business."

The Mitsubishi Experience is providing customers with the ingenuity and innovation to stay competitive on all levels. We deliver industry-leading technology and integrated solutions to help you reach new manufacturing heights. The Mitsubishi Experience is the unparalleled support of our sales and service teams, the knowledge of our application engineers, and the expertise from specialists dedicated to maximizing your productivity.

Since introducing the first laser in 1987, Mitsubishi Laser has occupied dominant positions in engineering, electronics, manufacturing and product development.

For more information on Mitsubishi Laser
contact MC Machinery Systems, Inc.
1500 Michael Drive
Wood Dale, Ill., 60191
call 630-616-5920
or
visit www.mitsubishi-world.com.

Contact:
Jamie L. Goff
Public Relations Director
LoSasso Advertising
773.271.2100
jgoff@losasso.com

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