Reko retools moldmaking operations

04/29/2011

Reko International Group Inc. (Windsor, ON) will close seven plants in Oldcastle, ON in a bid to improve the profitability of its injection moldbuilding business. Injection toolmaking operations will all be consolidated into Reko's Lakeshore factory automation facility. The ultimate goal of the restructuring is to place greater emphasis on Reko's custom machining operations, reduce fixed costs, and eliminate excess capacity. Reko Tool & Mould, founded in 1976 by Steve Reko, produces injection, foam, and compression tooling, as well as metal stamping, trim, and hydro forming dies.

The restructuring will reduce the company's manufacturing footprint from approximately 310,000-ft2 to 150,000-ft2, while cutting headcount from approximately 225 employees to 160. Reko's machining capacity will drop from approximately 60 machines to 30 machines, and the company will no longer provide in-house EDM (electric discharge machining), gundrilling, or mold trials. The company says its customers are typically OEMs or their Tier 1 suppliers and are predominantly in the automotive market. Its design and manufacturing operations were carried out in nine manufacturing plants located at four industrial sites in the Windsor suburbs....
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