German technical parts moulder Coko-Werk is planning fresh investment and product development under a newly appointed top management team.
Coko-Werk, based at Bad Salzuflen in Germany, provides parts for the home appliance, automotive, air conditioning and medical sectors through four plants, including two in Poland and one in Turkey.
Among other plans, the company intends to extend the production range at its German base plant to turn out even larger injection moulded components as well as further developing its output of parts for medical devices, it said.
Details of future projects were revealed as Coko-Werk’s longtime managing director Wilhelm Dreskrüger recently stood down, retiring after 39 years of service. His role will be shared by commercial director Sven Kaiser,51, and 33-year-old Jan Fritzensmeier who is the firm’s technical director.
Kaiser, who has worked as managing director finance in the plastics processing sector for many years, was responsible for Coko-Werk’s commercial area since July 2018. Meanwhile, Fritzensmeier has been part of the company’s management since last October.
Commenting on the production changes planned, Fritzensmeier said: “We want to offer our customers the complete value-added chain from development to the finished product.”
Digitalisation and automation with interlinked production processes at Coko-Werk’s main manufacturing centre “are also being driven forward”, the technical chief added.
Meanwhile, it is important that the firm’s mould making section which currently employs 45, should be expanded still further as Coko-Werk develops its product portfolio, stressed Kaiser.
Coko-Werk recently invested around €1.2m to install three new injection moulding machines at the 47,400m2 Holzhausen manufacturing site where the company employs a 550-strong workforce.
Dreskrüger expressed satisfaction with the management changes, which the firm had hoped would lead to a smooth transition. “We are confident that the new management team will master both (immediate) challenges and (more) challenges ahead,” the retiring CEO said.
Coko-Werk has now fully recovered from a significant setback it suffered five years ago when its original Polish factory in Łódź was destroyed in a major fire. After the blaze, caused by a lit cigarette or match discarded in a warehouse, the well insured plant was rebuilt at a cost of around €44m and reopened in March 2017.
A year ago, the firm announced it was expanding the production hall by 6,000m2 and increasing capacity. Apart from mouldings for the white goods sector, it was constructing a manufacturing centre for multi component technology and was already running the first two 700 tonne Engel injection moulding machines.
Coko-Werk has a second plant, 20kms away near Łódź airport, which it built in 2012 to handle growing business. It moulds a variety of components including dishwasher floor panels, interior and external car parts and housing parts for the solar power sector.
The company has also been expanding its production at its Turkish operation at Cerkezköy, near Istanbul where it has added a silicone application system. Recently, the 16,500m2 facility has won large volume orders for mouldings from the entertainment equipment industry.