Laser Products Industries Invests in Process Improvements to Boost Manufacturing Capacity by 40%

Digital measuring and technology solutions company implements lean manufacturing and Kaizen business philosophies to meet increasing demand.

In order to keep up with high customer demand while maintaining stringent quality requirements, Laser Products Industries (LPI) has implemented strategic processes that have increased its manufacturing capacity by 40%.

LPI created cross-functional teams and incorporated various aspects of lean manufacturing and Kaizen, the Japanese philosophy of continuous improvements as a collective whole. Each team evaluated and identified process improvements and manufacturing enhancements from inventory management to final product assembly, including advanced forecasting and streamlined production methods.

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Laser Products Industries Earns a Place on Inc. 5000 List for Second Consecutive Year

Laser Products Industries (LPI) has made the 2018 Inc. 5000 list of the fastest-growing private companies in the United States for the second-consecutive year. LPI has experienced nearly 70% sales growth over the last three years and joins an elite group of repeat companies on the Inc. 5000.

“Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction have made the list more than once,” said James Ledbetter, editor in chief of Inc. Media. “A mere one in three have made the list two times.”

According to Ledbetter, companies that have made the list, on average, have grown six-fold since 2014 during a stretch when the economy grew around 11 percent. Collectively, revenue from companies on this year’s list is up 158 percent from 2014, a trend that LPI continues to follow.

“It’s a tremendous honor and achievement for LPI to be named to the Inc. 5000 for the second straight year,” said LPI president Rich Katzmann. “We continue to invest in all aspects of our business to ensure we not only continue providing the best quality of products and services, but also innovate and develop new solutions for new markets and the evolving needs of our customers. We have some big things planned between now and the next few years that are pretty exciting.”

LPI was founded in 1994 by Dan Louis, who was a 2017 inductee into the National Kitchen and Bath Association Hall of Fame. Over its 24 years, LPI has been recognized by customers, peers, and associations worldwide as a leader in laser measuring products for several industries including countertop, cabinet and woodworking. The company has several new products in development that will launch over the next couple years to accompany its popular LT-2D3D Laser Templator.

Laser Products Chosen as Inc. 5000 Company

Laser Products Chosen as Inc. 5000 Company: Romeoville, IL – August 22, 2017 – Laser Products Industries (LPI) today announced that Inc. Magazine has recognized the company on its 36th annual Inc. 5000 list of the nation’s fastest-growing private companies. With a three-year sales growth of 122%, LPI is the third fastest growing private manufacturer in Illinois on the list.

Founded in 1994 by Dan Louis, Laser Products today has 34 employees and manufactures laser measuring equipment that has won worldwide recognition for innovation and quality in the countertop, cabinet and woodworking industries.

“Being selected for the Inc. 5000 is an exciting achievement,” said Rich Katzmann, president. “It shows that our business decisions have been good ones. We are seeing strong, consistent growth that I know will continue for the foreseeable future. We are entering new markets, forging new partnerships and have a long list of new products in development. I expect to be a returning company on the Inc. 5000 list for a very long time.”

“The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” says Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them.”

To qualify for the Inc. 5000 list, companies must be U.S.-based, privately held, for profit, and independent, i.e., not subsidiaries or divisions of other companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses

Laser Products will be honored at the 10th anniversary educational conference in Palm Springs on October 10 – 12 where speakers will include some of the greatest entrepreneurs of this and past generations. For more information about Laser Products, visit laserproductsus.com or call 630-679-1300.

Founded in 1994, Laser Products manufactures laser measuring equipment for the countertop, cabinet, and woodworking industries. They have sold over 5,000 systems in 35 countries to more than 2,600 companies. Based in Romeoville, IL, the company’s products are American made using 96% U.S. made parts.

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Since 1994, Laser Products Industries has focused on designing, building and supplying lasers to help identify and provide the means to gather job-site job conditions and to accurately fabricate finished products to match. more >>


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