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Cypress Industries Posts Record Financial Growth in 2006
Cypress Industries expands U.S. capabilities, facilities, acquires new equipment and employees
Austin, TX - April 30, 2007
Cypress Industries, an Austin-based electronics, plastics and metal products manufacturer, today announced record growth for 2006, with revenues up 50 percent over 2005. Cypress Industries has significantly increased its capacity for delivering comprehensive design and manufacturing services through the implementation of enhanced plastic injection molding equipment and the addition of its new Fulfillment and Inspection services.
To give its molding customers more options and flexibility, in 2006, Cypress grew its plastic injection molding capabilities through the deployment of additional plastic injection molding machines - the largest being 400 tons. The new equipment not only enables Cypress to run larger molds in-house for projects that require big parts, but adds capacity to current production. With the addition of this equipment, Cypress now has the largest capacity plastic injection molding machine in the Austin area.
“Our customers and their projects drive the need for larger equipment,” says Cypress CEO Tom Lonsdale. “If we can continue to support our customers’ projects in-house with skilled people and updated equipment, we are positioned to build the long-term relationships that enable us to grow alongside our customers.”
Cypress Industries also added its Fulfillment and Inspection Services (FIS) division by absorbing this group from another Austin company, this division resides in 120,000 square feet of warehouse space in north central Austin. The FIS division enables Cypress Industries to control the shipping and logistics of customers’ manufactured products. With the addition of experienced FIS staff and facilities, Cypress provides comprehensive services, beginning with design, through the manufacturing process, to inventory management and logistics. Cypress Industries’ FIS services range from simple pick and ship projects, to custom packaging, complex inventory management and product fulfillment.
Cypress nearly doubled the number of full time employees from 2005 to 2006, reaching more than 35 in 2006 through the addition of sales, operations, engineering, design, accounting, quality and marketing resources to address increased demand for production and manufacturing services.
About Cypress Industries
Cypress Industries is a manufacturing and services company that accelerates time to profit for electronic, plastic and metal components and products. Since 2001, Cypress Industries has delivered unique solutions to our customers’ most challenging design, manufacturing, fulfillment and logistics problems while allowing them to focus on their core businesses. Atypical of most manufacturing companies, Cypress Industries applies creativity, extensive industry knowledge and a relentless pursuit of customer satisfaction to solving manufacturing problems without regard to size or complexity. Our ISO 9001-certified offshore and UL certified domestic facilities ensures manufacturing consistency and high-quality finished products. By offering lower tooling costs and shorter lead-times, Cypress Industries designs, engineers and fulfills high-quality electronics components, metals, plastics and finished products quicker and more cost-effectively than many other manufacturing companies. Cypress Industries’ headquarters is in Austin, Texas. More information about Cypress Industries can be found at www.cypressindustries.com.