
PROFILE
Ryka Molds:
Project Management and Performance Flow Get Results
This moldmaker bottles up a successful formula
of an engineering-driven approach coupled with
value-added services with a niche focus on
blow molds.
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Ryka Molds, Inc.'s (Toronto, ON) customers have been blown away for more than 35 years with the company's specialized niche in producing blow molds in packaging, industrial and automotive applications. For the company, zeroing in on a specific mold has resulted in steady growth and anticipated expansion in the years to come. Currently 58 employees keep the 48,000-square foot facility running smoothly. According to Ryka Molds President Rick Hanke, a major contributor to the company's success over the years has been its project manager approach combined with what Hanke calls performance flow. "One individual is responsible and accountable for our customers' mold development from concept to operation," Hanke explains. "In many projects, we get involved in the early stages of part design—which means we put a lot of emphasis on confidentiality. This upfront knowledge of the specific mold production objectives and requirements carries on throughout the many stages along the way, resulting in a final operating mold that meets all performance criteria. We call this process performance flow." This approach has garnered a lot of repeat customers over the last 35 years that have remained loyal to Ryka since the beginning. Hanke points out a majority of its customers are Fortune 500 with worldwide manufacturing facilities mostly in the NAFTA region: the United States, Canada, Mexico and Europe. A Good Start
Ryka Molds' five-axis, high-speed machining center is the first step in its three-year business plan to continually upgrade software, equipment and testing facilities. Photos courtesy of Ryka Molds, Inc. Ryan worked hard to make Ryka Blow Molds Ltd. a major supplier of stretch blow molds. Today the company has customers all over the world. In 2003, he decided to sell the company to SIG of Switzerland. At that time, SIG hired Rick Hanke as managing director to run the company. "I served a moldmaking apprenticeship in Germany, where I'm originally from," Hanke recalls. "I then worked in Canada for several companies in the mold and machine tool industries after I obtained my degree in mechanical engineering. In November 2004, SIG decided to divest Ryka again, so the company's VP and chief financial officer (CFO), Alfie Stein, and Hanke decided to buy Ryka from SIG and change the company name to Ryka Molds, Inc. Hanke was named president, and Alfie Stein is vice president and CFO. Ryka decided the company would continue to supply blow molds to the markets it already served while continuing to expand its technical capabilities to ensure timely deliveries at competitive prices to its customers. Meeting Customers' Needs "We offer sound mold technology, which produces quality molds customers have continued to come to expect from Ryka," Hanke continues. "When a mold leaves Ryka, it will work, and the customer can start production immediately. Again, because of what we have to offer to our customers in the way of cutting costs in their own operations, they rely more and more on us as a supplier—providing value and adding input upfront into the product design, etc.—and they keep coming back."
Ryka Molds is an engineering-driven company that gets involved in the very early stages of part design before the mold is off to the CNC manufacturing department. Ryka Molds has had to keep current with technology to continually evolve and meet its customers' needs. Hanke points out that key personnel in engineering and mold manufacturing attend trade shows and conferences to see new products and technologies. "We actively participate in these areas and spend the money," he notes. "We have a major investment program going on this year. We've had some catching up to do. Now, we are ensuring we have the latest design software, equipment, high-speed machining technology, etc., as part of our three-year Business Plan. We are planning to continually upgrade our equipment, our testing facilities, engineering, manufacturing, etc. So far, we are right on track." Continuous Education The company's apprenticeship program closely mirrors European programs. Hanke explains, "It is a four-year program where future moldmakers spend a significant amount of time in each department." Ryka has two or three colleges that they work with, most notably, Humber Institute of Technology and Advanced Learning in Toronto. Humber has a specific moldmaking program that has worked quite well for Ryka in fostering and developing new talent. While Ryka actively promotes from within, they also understand the importance of recruiting people from the outside to bring new ideas into the organization. The company has a number of long-term employees (20-plus years), which Hanke attributes to the fact that Ryka treats its employees with respect by getting them involved, keeping things interesting and offering them a "well-equipped, safe" workplace. "We compensate competitively—they have no reason to leave. We welcome their input and encourage them to ask questions as we are always looking for ways to improve our processes and build our molds better."
A wide array of stretch blow molds has been designed and manufactured by Ryka Molds over the last 35 years. Expansion Underway Hanke adds that thus far, overseas competition hasn't affected Ryka's bottom line, but acknowledges the potential is there in the near future. Ryka plans to counteract this by continuing to focus on its company's niche and apply latest design and manufacturing technology and provide top-notch customer service. "Over the years, we have constantly been in tune with the challenges that our customers are facing, have always provided them with solutions and kept abreast of the new technologies. This has always been our greatest contribution to the industry." |
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