Corvallis, OR (PRWEB) January 13, 2011
Mega Tech of Oregon (MTO), an engineering and contract-manufacturing firm serving a variety of industries, has seen a doubling of its business in 2010, with expectations for further growth this year.
MTO President Scott R. Schroeder is encouraged by the turnaround after the nationwide recession that started in 2008. He attributes the company’s growth to several factors:
- An increase in manufacturing projects from clients as a result of the ongoing economic recovery.*
- Investments in new sales and marketing programs that has resulted in an 18 percent increase in the number of MTO clients.
- MTO’s diverse client base of electronics, medical, aviation, agriculture and other high-tech industries has helped to balance business cycles and workloads going through the plant.
- MTO’s adoption of Vested Outsourcing. Based on research conducted jointly by the University of Tennessee and the United States Air Force, Vested Outsourcing outlines five key rules for a successful outsourcing agreement, setting the stage for more productive and mutually profitable outsourcing relationships between companies and their contractors.
More information is at the Vested Outsourcing website (http://www.vestedoutsourcing.com/), as well as Schroeder’s blog post (http://megatechoforegon.com/2010/11/investing-in-vested-outsourcing) about attending a University of Tennessee course on the subject.
“We’ve seen our investments in new business development start to pay off, and we’ve positioned MTO to be in a stronger position to take on new clients in prototype and pilot production runs for companies launching new products," Schroeder said.
He also points to an increase in orders from longtime clients who are forecasting better business ahead as the recession eases. “Clients in the agriculture technology sectors, for example, are experiencing substantial growth — so much so that they are looking to double their business in 2011,” Schroeder said.
For MTO, preparing for the recovery has been a long-term, strategic focus.
“We watched economic indicators very closely during 2009 for signs of recovery,” Schroeder said. “We began to see strong indications in the fourth quarter of 2009 and immediately began implementing more ambitious sales and marketing plans in 2010.”
Among those plans were recruiting a number of experienced professionals into manufacturing, sales and administration positions, as well as updating its corporate branding with new marketing materials and an enhanced website featuring eNewsletters and blogs from MTO’s executive and engineering leadership. See who was hired and promoted: http://megatechoforegon.com/2010/12/rapid-growth-brings-key-personnel-changes-in-2010/
MTO also upgraded its Customer Relationship Management system to better serve a growing client base.
“We’re planning some new initiatives and exciting enhancements to our client project management tools early in 2011,” Schroeder said. “These innovations will be in keeping with our new tagline: We work smarter to make your job easier.”
About Mega Tech of Oregon (http://megatechoforegon.com)
Mega Tech of Oregon provides fully integrated, turnkey professional engineering, contract manufacturing and support services. Core markets include products and sub-assemblies for original equipment manufacturers in high-technology industries, telecommunications, recreational vehicles, transportation, medical, industrial and wood processing equipment. MTO was founded in 1988 and is based in Corvallis, Ore.
- Reuters reports manufacturing grew for a 17th straight month in December 2010, continuing a recent trend of encouraging economic data and suggesting U.S. manufacturing growth could accelerate further in 2011.