As we approach the beginning of 2024, I am thrilled to share with you the highlights of our journey last year and our exciting plans for the rest of this year.
2023: A Year of Exceptional Achievement
It is with immense pride that I announce 2023 as the second-best year in the history of Lou-Rich in terms of sales. This remarkable achievement is a testament to the hard work, dedication, and resilience of our entire team. I’m proud of our team’s ability to adapt, innovate, all while consistently delivering high-quality products to our customers. This success is not just a milestone but a stepping stone towards greater accomplishments.
Embracing 2024: Strategic Expansion and Investments
The new year brings with it new opportunities for growth and improvement. A key part of our strategy for 2024 is to expand our capacity and enhance our capabilities to meet the growing demands of our customers. As part of this plan, we are investing in 2 pieces of capital equipment, a Robotic Welding Cell, and a 38MM Swiss Turning Machine.
Robotic Welding Cell
Due to growing demand in our welding department, we’re adding another robotic welding cell at our LR North Plant. This new addition is crucial as our current cells are operating at full capacity, with some even stretching to 30% over their usual load. This expansion is a strategic move to enhance our welding capabilities, ensuring that we continue to meet the growing demands in this area.
38MM Swiss Turning Machine
Another exciting development for 2024 is the planned purchase of a new 38MM Swiss Turning Machine. This machine will help assist with increased project volumes and with alleviating existing capacity constraints.
A Note of Thanks
As we reflect on the successes of the past year, I want to extend my deepest gratitude to all our customers and suppliers. Your support throughout 2023 has been a cornerstone of our success. We value your partnership immensely and look forward to continuing our journey together in 2024.
With these strategic expansions and investments, Lou-Rich is poised to not only meet but exceed the expectations of our market and customers in 2024.
Thank you for being part of our story, and here’s to a prosperous and exciting 2024!
Lee Gulbrandson
General Manager, Lou-Rich