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retool  (retools 3rd person present) (retooling present participle) (retooled past tense & past participle )If the machines in a factory or the items of equipment used by a firm are retooled, they are replaced or changed so that they can do new tasks.  verb 
Each time the product changes, the machines have to be retooled.  be V-ed, Also V n, V 
 retooling  n-uncount 
Retooling, or recasting new toy moulds, is a slow and expensive process.