Canadian injection mold maker StackTeck Systems Ltd. is investing $4.5 million in new equipment this year, increasing capacity and aiming to reduce lead times by 10 to 15 percent by mid-2015, the company announced.
The additions include high-speed milling and EDM centers, and a reorganization of manufacturing facilities to accommodate the new equipment. StackTeck is also implementing ongoing lean manufacturing initiatives, Jordan Robertson, StackTeck's general manager of business development and marketing, said in a phone interview.
“We're forever gearing up for higher production,” Robertson said.
Headquartered in Brampton, Ontario, StackTeck reported $51.8 million in global sales in 2013, the most recent data available, according to Plastics News records.