The Dutch conglomerate Royal Reesink has introduced that it’s going to discontinue its conventional model Kaweco on the finish of the yr. Kaweco is a producer of wooden chippings transport wagons, slurry tankers and farm loaders. The model was launched in 1963. After December 31, 2024, all actions on the Hengelo manufacturing website (close to Enschede) shall be terminated.
According to the Dutch commerce media “Trekker”, workers have been already knowledgeable of the choice on Monday. Royal Reesink has been attempting for months to discover a purchaser for the “Reesink Production” division. So far, nonetheless, the search has been unsuccessful.
Background to the choice
According to Royal Reesink, the manufacturing facility for Kaweco machines is just not worthwhile sufficient. The firm has now shifted its focus to the distribution and sale of agricultural and building equipment – the manufacturing of such gear is not the main focus, it’s mentioned.
Royal Reesink is a Dutch conglomerate whose origins date again to 1786. It is predicated in Apeldoorn in Gelderland. Royal Reesink consists of round 40 particular person firms on 4 continents – with a complete of two,500 workers.
Royal Reesink stops Kaweco
Yesterday, Royal Reesink introduced that the actions of Reesink Production will stop. Reesink Production was primarily lively below the model identify Kaweco, producer of manure tanks, fertilizer spreaders, silage wagons and shovels. The actions shall be terminated as of 31 December 2024.
The operation is loss-making, with the present circumstances available on the market for agricultural equipment manufacturing additional negatively affecting the outcomes. With inadequate prospects for enchancment, Royal Reesink couldn’t discover a purchaser for Reesink Production. A cessation of the actions of Reesink Production was due to this fact the one accountable route.
All workers have been knowledgeable on Monday 21 October. Royal Reesink has been on the lookout for a purchaser for Reesink Production for a while, however with out outcome. The Kaweco model has existed since 1963 and began on the time with the development of manure tanks and irrigation reels.
Source: www.nationalturk.com