Seven Local Companies Share $7.8 Million

Wednesday May 11th, 2016

Posted at 2:21pm

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MPP Deb Matthews announced Wednesday afternoon that the province is investing over $7.8 million in seven companies in the Windsor-Essex region to support economic growth, create 270 jobs and retain more than 1,180 positions.

The seven companies will receive support through the Southwestern Ontario Development Fund, which helps create jobs and diversify the economy by encouraging businesses to be innovative and pursue new markets.

The companies include:

Astrex Inc. — Ontario is investing $1.5 million to help Astrex (a joint venture of Can Art Aluminum Extrusion and Constellium) produce high-strength alloys for the automotive sector. The project has a total value of $28.4 million and requires a new facility, equipment, and training, resulting in the creation of 62 new jobs over four years.

The Electromac Group — Ontario is investing $1.5 million to help Electromac expand its facility, purchase equipment and install three hot stamping production lines to meet increased demand for light weight auto parts. The company develops complex tooling and metal stamped products primarily for the auto sector. The project has a total value of over $15.4 million and will create 30 new jobs and retain 191 positions over five years.

Essex Weld Solutions — Ontario is investing $450,000 to help Essex Weld Solutions expand and acquire state-of-the-art fibre optic laser cutting machines to increase production and implement robotic welding processes. Essex Weld Solutions manufactures custom and standard automotive racks. The project has a total value of more than $4.5 million and will create 20 jobs and retain 110 positions over three years.

Integrity Tool and Mold — Ontario is investing more than $1.1 million to help Integrity Tool and Mold upgrade equipment to produce higher quality and more precise molds than what are currently on the market. The company makes plastic injection molding primarily for the auto sector. The project has a total value of more than $16.6 million and will create 52 new jobs and retain 317 positions over three years.

JD Norman Canada — Ontario is investing more than $480,000 to help JD Norman Canada invest in new equipment to improve product quality and ramp-up production. The company makes connecting rods for the automotive sector. The project has a total value of more than $4.8 million and will create 14 jobs and retain 85 over five years.

Lakeside Plastics — Ontario is investing $1.28 million to help Lakeside Plastics purchase new machinery and equipment to expand their capabilities and improve competitiveness. The company manufactures plastic automotive interior trim parts. The project has a total value of $12.8 million and will create 55 jobs and retain 305 positions over almost four years.

Ventra Group — Ontario is investing $1.5 million to help Ventra Group upgrade facilities and purchase new equipment. The company stamps, welds and assembles metal automotive parts. The project will incorporate an experimental high-strength steel new to the automotive industry. The project has a total value of more than $31.9 million and will create 37 jobs and retain 179 positions over four years.

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