CONCORD, Ont.—Walking the plant floor at Tycos Tool & Die, a unit of Magna International Inc., the changing face of North American manufacturing could not be more evident. With a fleet of new machines positioned among a handful of old “workhorses” that haven’t missed a beat since the Cold War, the 115,000 square-foot facility in Concord, Ont., is in the midst of a significant strategic upgrade.
Tycos has invested $14 million in its operations since 2011, and though the facility has already boosted its productivity, bolstered its sales and reinvigorated its staff, it’s only about half-way through executing its capital spending plan. Management has already drawn up floor plans to complete the project and intends to continue investing and preparing the business for the future.
Full Article Here: www.canadianmanufacturing.com
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