Faustson takes part in White House roundtable to strengthen supply chains

By: InnovatioNews Thursday July 30, 2015 0 comments Tags: Arvada, Faustson Tool, Heidi Hostetter, Tom Bugnitz, Manufacturer's Edge


ARVADA -- Executives from Arvada-based Faustson Tool, a leader in the machining industry, participated in the White House Supply Chain Innovation Roundtable held earlier this month to discuss U.S. manufacturing and supply chains.Faustson_logoUSE

The first-time event was aimed at discussing how to strengthen the innovation capabilities of U.S. supply chains.

Senior White House officials, presidential cabinet members and reps from more than 25 manufacturers attended the meeting, part of the Obama administration’s emphasis on strengthening small businesses so the U.S. remains globally competitive in the manufacturing industry.

“We were honored to be part of this important White House panel,” said Heidi Hostetter, Faustson’s VP. “The roundtable, as well as the policies going forward, emphasized the importance of manufacturing and small business to the U.S. economy and the White House’s continuing commitment to innovation and technology.”

Faustson is the first Colorado manufacturer using 3D metal printing. The company is also the first to use electric discharge machining technology and the first to use five-axis milling – the most precise milling machines available.

Tom Bugnitz, CEO of Colorado-based Manufacturer’s Edge, also attended the roundtable.

“The Obama administration and MEP System are taking steps to help small manufacturers like Faustson gain access to large OEM supply chains," Bugnitz said. “These efforts will not only help manufacturers but will strengthen the entire manufacturing ecosystem in Colorado and the United States.”


About the Author: InnovatioNews

InnovatioNews is an online news magazine spotlighting innovative companies, products and people in Colorado. Launched in June of 2012, the site is the recipient of multiple awards.