60 new jobs are to be created by Limerick precision engineering firm, Takumi.
Set up in 1998 by Gerry Reynolds, Takumi have announced a new management structure as well as plans to increase their workforce of 80 to 140 between now and 2026.
Supply chain turbulence and the disruption of COVID-19 resulted in a significant drop in revenue for Takumi last year. The company foresees recovery from mid-2021, a doubling of revenues and the creation of an additional 60 new jobs over the next four years at its facility.
Donal Galligan will take on the role of CEO, assimilating many of the responsibilities previously held by company founder Gerry Reynolds, who will take on a more strategic business development and stakeholder management role. Donal has been with the business for over 20 years having joined as a graduate in Mechanical and Manufacturing Engineering from LIT.
An advisory board which will be led by Reynolds has also been formed by the company located in Raheen Business Park. John Moran and Gene Leonard are listed as other members of the board.
Galligan’s appointment coincides with several new positions created this year. The inception of a dedicated Business Development and Sales Team is one of the cornerstones of the company’s strategic growth plan. Shane O Neill takes on the role of New Product Introduction Manager. Colm Diggins will move into the role of Technical Sales.
In the past 12 months Fiona Murphy has joined Takumi, co-ordinating the Sales & Marketing activities in the business including a rebranding of the business, which will be unveiled in the near future.
Takumi’s multi-lingual dedicated Customer Account Management team has grown, the headcount in this department has doubled with the addition of two new Account managers. Eugene McGovern has joined the company as Medical Device Business Account Manager and recent UL graduate John Sheahan is managing accounts in the Aerospace sector of the business.
A Chinese speaking graduate will also join the team to enhance communications with existing customers based in China.
LIT graduate Maeve Guilfoyle takes up the mantle as Quality Manager from Steve Christopher. Steve moves to role of Regulatory Affairs Manager to lead Takumi`s acquisition of further regulatory approvals in near future. The Quality Department expands with an additional graduate, Quality Engineer, Andrew McMahon.
Mike O’Neill, current Maintenance & Facilities Manager, takes on the additional responsibility for R&D, innovation and new technologies. Across other areas of the business Cian O’Brien, a recent graduate of UL, has joined in a supply chain & procurement role. LIT graduates Shane Reddy and Joanna Wieczorek join in the role of a manufacturing engineer and CNC operator and setter respectively.
Commenting on the changes, Gerry Reynolds, said: “I am confident about our targets to double our revenues to €20m and add 60 new jobs in the next four years. New CEO, Galligan stated, “Already, we have agreed that the company will continue its ongoing investment in plant and equipment to facilitate competition on the worldwide market. Even throughout 2020, in the midst of the Covid-19 pandemic, over €1 million was invested in new machinery to ensure we compete by utilising the latest technologies. Over the years over €10 million has been invested in plant and equipment and Takumi has grown our team to 80 employees to become one of the largest indigenous companies in its sector.”