|Standex's Spincraft Earns Rolls-Royce Energy Sector Supplier of the Year Award|
SALEM, N.H., Apr 11, 2011 (BUSINESS WIRE) --
Standex International Corporation(NYSE:SXI) today announced that the Spincraft units of its Engineering Technologies Group have been named Energy Sector Supplier of the Year by Rolls-Royce. Spincraft supplies complex assemblies and components for use across a wide range of the Rolls-Royce portfolio of land-based gas turbine engine applications.
Rolls-Royce established its Supplier of the Year Award program three years ago to recognize the contribution and commitment of its supply base to continuous improvement with a focus on performance. Spincraft earned this year's Energy Sector award by demonstrating continuous improvement in cost, quality and delivery, while also scoring highly in Rolls-Royce's rigorous assessment of management performance and technology. The Spincraft units were one of only eight Rolls-Royce suppliers in an approximate supply base of 8,000 to receive recognition.
"Being selected out of Rolls-Royce's global supply base as Energy Sector Supplier of the Year is a milestone achievement for Spincraft," said Len Paolillo, President of the Standex Engineering Technologies Group. "Spincraft and Rolls-Royce have been working collaboratively to reduce costs and enhance product quality and delivery, and this award demonstrates the performance improvements we have achieved together in all three of these areas. The Spincraft team is dedicated to delivering even greater value to the Energy Sector along with the other Rolls-Royce business sectors in the years ahead."
"The Rolls-Royce Supplier of the Year awards recognize the contribution and continuous commitment of strategic partners and suppliers in support of the Rolls-Royce supply chain strategy and, ultimately, the performance of our product range," said Mike Orris, Chief Procurement Officer, Rolls-Royce. "We congratulate the winners and look forward to continuing our successful relationship."
About the Standex Engineering Technologies Group
Operating as three business units, the Standex Engineering Technologies Group is a key supplier of complex assemblies and components to the aerospace, aviation, energy, marine, medical, and oil & gas industries. Using a range of comprehensive metal working and assembly processes, the group delivers integrated, single-source manufacturing solutions for complex components and assemblies of every scope. With locations in North Billerica, Massachusetts, New Berlin, Wisconsin, and in Newcastle upon Tyne, U.K. the company offers world-class capabilities for metal spinning, heat-treating, machining, welding and fabrication for virtually all workable metal alloys. Their components and assemblies can be found in today's most advanced space launch vehicles, commercial and military aircraft, naval propulsion systems land-based gas turbines, and critical medical devices. For more information, visit the Group's website at http://www.spincraft.net.
Standex International Corporation is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group,Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. For additional information, visit the Company's website at http://www.standex.com.
SOURCE: Standex International Corporation
Standex International Corporation