A.E. PETSCHE CO., INC.
FOR IMMEDIATE RELEASE
A.E. Petsche Co. & Boeing Sign New “Just-In-Time” Supply AgreementDallas/Fort Worth, Texas based A.E. Petsche Company announced today that they have signed a new agreement with Boeing’s Commercial Aircraft Division. Under this agreement, A.E. Petsche Company will be responsible for supplying virtually all wire and cable products used in manufacturing of Boeing 737, 747, 767 and 777 Series Aircraft. Contributing to Boeing’s ongoing “lean” manufacturing initiatives, A.E. Petsche Company will supply these products from its Everett, WA Distribution Center, located only 200 yards from the Boeing factory. By utilizing A.E. Petsche Company’s ZERO-BASE® Inventory Management Program [an enhanced “Just-In-Time” activity] Boeing is guaranteed consistent supply of product and assured quality. A.E. Petsche’s Program allows Boeing to minimize its on-site inventories and eliminate material shortages. A.E. Petsche Company administers similar “Just-In-Time” Programs for most of the world’s leading military and aircraft manufacturers. A.E. Petsche Company reported sales of $121.5MM in 2004 - sales growth of 45% over 2003. The company expects another year of strong growth in 2005.
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