Caterpillar credits Six Sigma practices for projected growth
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Manufacturing News, Source : TheManufacturer.com
Published : 09 Sep 2003 14:49
Chairman and Chief Executive Officer Glen A. Barton told a group of financial analysts last week that the company has plans to achieve $30 billion in sales and revenues this decade.
The incremental growth of approximately $10 billion is divided among the company’s three business segments with about $5 billion in engines, $4 billion in machines and $1 billion in financial products.
Barton pointed to 6 Sigma as a big reason why he can make such a confident prediction. “We’ve seen a direct impact of 6 Sigma on manufacturing costs, product quality and volume. In the second-quarter results announced last month, the major enabler for our increase in operating profit was 6 Sigma. It is delivering our corporate strategy by reshaping our company, making us more efficient and building the Caterpillar of tomorrow today,” Barton said.
With 2002 sales and revenues of $20.15 billion, Caterpillar is a technology leader and the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.
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