Reko International Invests in New Equipment for Growth
(firmenpresse) - WINDSOR, ONTARIO -- (Marketwire) -- 04/27/12 -- Reko International Group Inc. (TSX VENTURE: REK) recently announced its order of a TOS WHN 15 CNC Horizontal Boring Mill. Reko's addition of this equipment will allow it to expand market share and meet the requirements of its capital equipment customers in the mining and oil and gas industries, who are experiencing very strong demand.
"The installation of this new boring mill will give Reko International the opportunity to better serve our current customers and expand our customer base," said Diane Reko, chief executive officer. "Expanding our capabilities puts Reko in a strong position for future growth, especially as we look to deepen current customer relationships. We are excited to have the latest technology from TOS at our disposal and to be able to meet the growing demand for our machining services in our customer base and beyond."
The boring mill is the latest investment that Reko International has made to its various operations. The purchase and installation of this equipment is valued at over $1,000,000. Over the last 18 months, Reko International has consolidated operations, returned to profitability and invested in capital improvements.
The new boring mill provides high precision accuracy on very large and complex parts that are vital to mining, and oil and gas operations.
It is expected that the new machine will be operational early in the fall of 2012, for the start of Reko's next fiscal year.
About Reko International Group Inc.
Reko International Group Inc. is a publicly traded, certified woman owned manufacturing company located in Southwestern, Ontario. Established in 1976, Reko International Group Inc. is a diverse value-added designer and manufacturer of customized machining and engineering solutions to OEMs and their Tier I suppliers in dynamic sectors as rail equipment, oil and gas distribution, mining, military, capital equipment, and automotive.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Reko International Group Inc.
Carl A. Merton
Chief Financial Officer
(519) 727-3287
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Datum: 27.04.2012 - 10:00 Uhr
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News-ID 1108128
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