Protolabs Wins Frost & Sullivan Manufacturing Leadership Award for Operational Excellence
March 27 2018 - 9:00AM
Business Wire
Protolabs (NYSE: PRLB), a global leader in technology-enabled
manufacturing, today announced that it has been recognized by Frost
& Sullivan as a Manufacturing Leadership Awards winner for its
outstanding achievement in operational excellence.
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Protolabs’ winning project was called Cellular Division—a
continuous improvement initiative designed to position the company
for further business growth, achieve more favorable manufacturing
costs, and ultimately provide more economic value to its customers.
The project consisted of reorganizing the layout of its U.S.
injection molding production facility and modifying personnel
responsibilities to reduce wasted time and motion, as well as
excessive materials during its molding process.
The Cellular Division project achieved significant improvement
in productivity of direct labor, cycle time reduction of
non-value-added activities, and decreased material scrap. The
improved operational efficiency will be critical as the company
continues to scale its operations and grow its customer base with
on-demand manufacturing, its latest injection molding service
option tailored to low-volume production.
“It’s an honor to be selected by Frost & Sullivan as a
leader in manufacturing,” said Vicki Holt, Protolabs’ President and
CEO. “This continuous improvement project has been crucial to our
growth during the past year and sets us up to continue serving our
customers with high quality prototype and production parts well
into the future.”
Protolabs will be recognized at the 14th Annual Manufacturing
Leadership Awards Gala, which is to be held on the last day of the
Manufacturing Leadership Summit, June 11-13, 2018 at the Hyatt
Regency Huntington Beach Resort and Spa in Huntington Beach,
CA.
About ProtolabsProtolabs is the world's fastest digital
manufacturing source for rapid prototyping and on-demand
production. The technology-enabled company produces custom parts
and assemblies in as fast as 1 day with automated 3D printing, CNC
machining, sheet metal fabrication, and injection molding
processes. Its digital approach to manufacturing enables
accelerated time to market, reduces development and production
costs, and minimizes risk throughout the product life cycle. Visit
protolabs.com for more information.
About the Manufacturing Leadership AwardsThe
Manufacturing Leadership Awards, now in their 14th year, honor
manufacturing companies and individual manufacturing leaders that
are shaping the future of global manufacturing. Winning projects
and individual manufacturing leaders have demonstrated achievement
in one of a wide range of categories, and are chosen by a panel of
expert judges for results that have delivered clear and compelling
value, return on investment, and other tangible outcomes. There
will be several winners in each category, including one High
Achiever’s Award in each category, as well as a 2018 Manufacturer
of the Year for both small and large enterprises. Also unveiled at
the Gala will be the ML Awards Manufacturing Leader of the Year and
Lifetime Achievement Award winners.
The theme for the 14th Annual Manufacturing Leadership Summit is
“Accelerating the Transformation to Manufacturing 4.0.” The event
enables senior-level executives in all aspects of manufacturing an
opportunity to network with and learn from the best minds in the
industry.
For more information on the Manufacturing Leadership Awards or
the Manufacturing Leadership Summit, please go to mlsummit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180327005114/en/
ProtolabsSarah Ekenberg,
763-479-7560sarah.ekenberg@protolabs.comorPadilla for ProtolabsTim
Nelson, 612-455-1789Tim.Nelson@PadillaCo.com
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