Continuing its aggressive plans to increase capacity, Brampton, Ontario–based StackTeck will invest $4.2 million in 2016 on new machinery and automation throughout the company's manufacturing and testing facilities. This latest planned investment comes on the heels of a $4-million investment in new equipment in 2015. During both years, the rate of capital spending is more than double that of pre-2015 levels.
"We plan to invest over $4.2 million in new machine tools within a time window of less than 12 months, which will allow us to ensure strong support for our customers' new product launches," stated Lou Dimaulo, StackTeck's Vice President of Operations. "We have implemented a new scheduling system in the central areas of our manufacturing facility, so that we can keep close control of the new jobs that are brought into the manufacturing floor. New machines and robotics will add productivity throughout the plant, allowing us to get work done more efficiently and effectively."