Publicly traded high-performance component manufacturer Precision Castparts Corp has contracted with a fleet management and materials handling dealership for equipment and services.

Under a five-year agreement, Pacific Material Handling Solutions Inc (PMHSI) will provide Precision with 89 custom-built Yale forklift trucks for specific manufacturing and distribution applications.

Portland-based Precision manufactures complex metal components and supplies investment castings, forgings and fasteners, and fastener systems for aerospace, defence and industrial gas turbine applications. Precision employs more than 20,000 people and recorded a profit of USD1.04 billion on sales of USD6.83 billion for the fiscal year ended 29 March.

"This is a great example of the ability of PMHSI and Yale materials handling to provide our customers with custom solutions to increase their productivity," says Grant Salisbury, PMHSI vice president of sales. "Precision Castparts will be utilising our pacific fleet management internet application to track equipment utilisation, cost per hour, operator safety and operations compliance. Our fleet management product takes equipment management to a brand new level for our customers."

Privately held PMHSI of Hayward, California was established in 1993 and has branch operations in northern California, Oregon and Washington.