Halla Visteon to launch new auto parts line
July 28, 2015 by Manufacturing AUTOMATION
Jul. 28, 2015 – Halla Visteon Canada will receive an investment of up to $2.175 million to launch a new line of thermal engine control parts.
A subsidiary of global auto parts supplier Halla Visteon Climate Control, the company says it is looking to adopt new technologies and manufacturing processes for one of its Belleville, Ont., plants where electronic throttle bodies and electronic coolant valves will be produced. These parts are elements of the company’s expanded product offering into the thermal and emissions segment of the automotive industry, said company officials.
The adoption of new advanced technologies has allowed Halla Visteon to reverse its decision to close an underutilized Belleville plant, it noted, adding that it will “diversify its climate control products and will be better equipped to respond to the automotive industry demand for new technologies and innovations that improve the fuel efficiency of vehicles.”
The repayable contribution is through Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario’s) Investing in Business Growth and Productivity initiative, which is aimed at helping businesses expand their operations and invest in productivity improvements.
“The funding announced today from FedDev is an integral part of HVCC’s efforts to revitalize our operations in Belleville. This support is allowing us to diversify our product offering in the thermal management segment of the auto industry which opens up more opportunities for growth,” said René Veillette, managing director for Halla Visteon Climate Control Canada.
“The reversal of the decision to close one of the Belleville plants is a great sign for this community and Halla Visteon Canada’s future,” added Daryl Kramp, Member of Parliament for Prince–Edward–Hastings.
Established in 1986, Halla Visteon Canada employs more than 340 employees at its two facilities in Belleville. The project, which will take place at the College Street plant, is expected to create up to 70 new jobs and maintain 25 existing jobs.