Diversifying into contract machining can be a lifesaver for a branded capital equipment manufacturer, as long as it stays both profitable and competitive. At the operational end, this may require advanced machining practices and equipment – and confidence in those practices — and an appetite to try new things. Wemco Inc. in Airway Heights, Wash., is a handy example. Wemco learned these lessons in contract machining early and well, about five years ago, and today it continues ...

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