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Blog Article

Celebrating Our Wins in 2024

Thanks to our partners and the entire EQI team for all we’ve achieved in 2024.

 

At the close of every year, the EQI team takes time to celebrate the goals we’ve reached. We’ve had a lot to be thankful for in 2024. So let’s take a by-the-numbers look at everything we’ve accomplished with help from our customers, employees, and industry partners.



Increased outdoor warehouse storage space

 

Expanding Facilities

 

+5 acres

Of additional outdoor warehouse storage space in the US

+62,000 square feet

Of indoor warehouse and manufacturing space between the US and UK

+1

New location in Kentucky with increased storage and manufacturing

 
 



 
 

Extending Capabilities

 

Thermal processing capabilities

Acquired Pro-Tech, adding thermal processing components to our capabilities

Berea, Kentucky facilities

Added wet paint capability in Kentucky

Powdercoat line for extruded aluminum

Added powdercoat line for extruded aluminum

Casting and material sourcing

Added a sourcing location in Brazil

 
 



 
 

New location in Coimbatore, India
 
 
Growing our Team

Increased headcount to 357 employees

 
 
 

 

 

Shipping port

 

Making an Impact

 

+6,500

Containers shipped

268

Customers served

1st

Tradeshow booth at GIFA in Indonesia

 

Case Studies

Creating a Holistic Solution for a Gearbox Assembly

EQI is more than just a parts supplier. We’re a strategic partner that adds value by solving problems, exceeding expectations, and staying laser-focused on continuous improvement for our customers. A recent example is our RFQ opportunity with one of the largest OEMs in the oil and gas industry.

 

Building a Relationship Based on Trust

In all our client relationships, we work to establish trust from the outset by demonstrating that EQI products and services are indispensable. This is exactly what we did for our major OEM customer, helping them grow their catalog from 200 to 550 parts since 2017. Over the past few years, we’ve supported them with day-to-day initiatives and large-scale projects. We’re continuously looking for ways to lower costs, increase efficiencies, and reduce overhead.

EQI is proud of the collaborative relationship we’ve built with this customer. We feel empowered to ask questions about where they are headed and what we can do to ensure they get there—all in an effort to help them continuously improve. As a result, the OEM frequently presents us with significant RFQ opportunities.

 

Pinpointing an Opportunity to Outsource

This OEM’s latest RFQ was for gearbox assemblies. We responded with a proposal to take over their gearbox assembly process and build a new assembly line from the ground up at one of our facilities. At the time, we were already providing 80-90% of the components to make their gearboxes, and the customer was assembling the parts in their US facility.

As a first step, our engineers met on-site with their team to discuss technical requirements. This helped us gain an explicit understanding of what was needed for a commercial proposal, so we could go back to our supply base and source the additional components necessary, to provide a cost-effective solution.

Next, we quickly delivered our proposal to the OEM, outlining a cost savings of roughly 40 percent. The customer enthusiastically gave us a purchase order to create our assembly line, source and ship ancillary parts from the US, and build the gearbox assemblies.

The final steps included technical internal review, delivering PPAP documentation, and sample parts to the customer for approval. The customer not only approved the gearboxes but stated that the quality was superior to the original process. Today, we are producing, storing, and shipping the gearboxes for this customer, significantly reducing their overall landed cost. Because we can ship them line-ready components on demand, the customer now has increased floor space to produce more profitable parts.

 

Simplifying Supply Chains to Boost Profitability

This is just one example of how we work with our customers to identify and simplify aspects of their supply chain that we can help make more efficient and profitable. For some customers, this might be assembly or freight. For others, it might be warehousing or painting. Our goal is to uncover the customer’s pain points and present solutions that ease their burden and provide financial benefit.

 

Interested in learning more? Contact us today.
616.850.2630
info@eqiltd.com