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| East Tech named to 2009 Business TN Magazine list of 100 Hottest companies in Tennessee | | November 2009 | | |
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Engineering and precision CNC manufacturing company East Tech, which, amoung other things, makes components for nuclear and hydroelectric plants, counts TVA, Alstom Power, Astec Industries, Westinghouse and Mohawk among its major customers. Launched in 2003 by Layne, who mortgaged his house and used personal assets to get the company off the ground. East Tech recently extended its contracts with TVA Hydro and TVA Fossil. With the resurgence of nuclear power, as well as more road construction, East Tech expects to see contracts increase substantially. |
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| East Tech Ranks 47th in Inc.'s Top 100 Manufacturing Companies | | Article posted August 21, 2008 on chattanoogan.com | | East Tech Company is ranked 47th in Inc. Magazine's Top 100 Manufacturing Companies in the U.S., according to 2008 Inc. 5000 list of the nation's top privately held companies. |
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East Tech designs and manufactures high-tech machinery for the automotive and construction industries, as well as nuclear plants and hydro-electric power facilities, according to founder and president Roger Layne.
Inc.'s company profile pointed out that East Tech has grown by 281.4 percent since it was established in 2003, while revenues have increased from $922,017 in 2003 to $3.5 million in 2006. In 2006, business with East Tech's top two customers doubled, while the company was simultaneously investing in new equipment and increasing personnel. That growth allowed East Tech to expand facility space three times in four years. The 5000 List will appear in the October 2008 issue of Inc.
Earlier this year the U.S. Chamber of Commerce honored East Tech with a Blue Ribbon Small Business Award, and the company was a finalist for a Chattanooga Area Chamber Small Business of the Year Award.
"Inclusion on Inc.'s national list is a tremendous honor for East Tech," Layne said. "Our focus has always been continuous improvement and customer satisfaction. Our employees, loyal customers and vendors are the ones who deserve the credit for our growth and success."
Layne pointed out that alumni of Inc.'s 5000 class include Bill Gates of Microsoft and Larry Ellison of Oracle. "Looks like we are in good company," he said.
In September Layne will attend a black-tie dinner for the Inc. 5000 Class of 2008 in Washington, D.C. |
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| New Mazak CNC Machining Center | | July 31, 2008 | | The latest addition to our CNC milling department is now here. This new Mazak Nexus CNC Vertical Machining Center (Model 510C) with 4th Axis capability. This unit replaces our oldest machining center, to help insure we have the latest technology. |
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| East Tech Funds Scholarships for TECH STUDIES AT CSTCC | | July 2008 | | East Tech Company President and CEO Roger Layne is funding two scholarships amounting to $3,000 for Chattanooga State Technical Community College students in machine tool technology and mechanical engineering technology. More... |
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| New CNC Turning Center | | April 1, 2008 | | The latest addition to our CNC department is now here. This new Mazak CNC Turning Center has a 26 inch swing, with a 48 inch travel distance. |
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| | | U.S. Chamber of Commerce Blue Ribbon Small Business Award | | February 22, 2008 | East Tech receives Blue Ribbon Award, which honors businesses that demonstrate excellence in a variety of selection criteria.
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