ETCO
Old Values, New Ideas
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| Private | |
| Industry | Manufacturing |
| Founded | 1947 |
| Headquarters | Bradenton, Florida, US |
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Area served
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Worldwide |
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Key people
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David Dunn (Chairman) |
| Products | precision metal stampings (both commodity & customized), ignition components, silicone components assembly equipment |
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Number of employees
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250 (2011) |
| Website | Etco.com |
ETCO, Incorporated is a privately held, American Company based in Bradenton, Florida. Founded in 1947, it is now one of the oldest privately held manufacturing corporations in the United States. Some of Etco's major areas of operation include manufacturing of Wall socket, auto parts, custom metal parts, precision metal stampings for appliances and other metal based products. In 2011, it merged operations of its North and South divisions while maintaining two autonomous manufacturing locations based in Warwick, Rhode Island, and Bradenton, Florida.
ETCO's products can be found in electronic home appliances sold by several major appliance manufacturers. The products can also be found in cars sold by automotive manufacturers as well as medical and telecommunications companies.
ETCO remains a family-owned business, as descendants of the founder (from the Dunn Family) own over 85% of the company. As a result, most of its growth has been due to reinvestment of the company's own earnings rather than public financing.
ETCO Incorporated was founded in 1947 as Electric Terminal Corporation by Joe Dunn in Warwick, Rhode Island. Years later, his son David Dunn purchased a majority stake in the company and sought to build several divisions; successfully integrating Zero Defects process in its manufacturing operations. The company grew throughout the 70s, 80s and 90s being awarded over 30 manufacturing process patents and producing nearly half of all plug blades manufactured in the US in 2011.
ETCO's stated manufacturing objective is zero defects in the course of parts production. The products manufactured at ETCO's plants go through a rigorous quality assurance process including machine review and visual inspection by hand to ensure that it adheres to the zero defect principle of Philip B. Crosby. Relying on this Quality Management principle, ETCO's management contends that it has been able to implement methodologies that have led to savings throughout the products manufacturing lifecyle. Arguments exist that oppose the Zero Defects Policy including W. Edwards Deming who stated that the philosophy is more a fad and would lose favor. Dr. Deming stressed the importance of establishing a level of variation, or anomalies, acceptable to the recipient (or customer) in the next phase of a process. Often, some defects are quite acceptable, and efforts to remove all defects would be an excessive waste of time and money. Another criticism leveled at the Zero Defect manufacturing philosophy is the cost inherent with implementing it versus the benefits achieved post-implementation.
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Wikipedia