Canada invests $5M for new automotive jobs and equipment
January 14, 2019 by Manufacturing AUTOMATION
January 14, 2019 – The government of Canada has announced an investment of more than $5 million to two Windsor, Ontario automotive companies to develop and adopt innovative technologies, scale up and create more than 150 jobs.
APAG Elektronik Corp. and Service Mold + Aerospace Inc. will receive the combined contribution, made through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and announced today by Navdeep Bains, minister of innovation, science and economic development and the minister responsible for FedDev Ontario.
APAG Elektronik Corp., which manufactures electronic control parts and LED lighting for automobiles, is receiving more than $4 million to help establish a new Windsor facility that will serve as its North American headquarters, bringing 138 new skilled jobs to the region. The funding will allow the company to install state-of-the-art equipment and complete renovations to its new 32,000-square-foot facility.
Service Mold + Aerospace Inc., an integrated tool and mold manufacturer for the automotive and aerospace industries, is receiving $1.06 million to install new state-of-the-art equipment and create up to 21 jobs at its recently built 34,000-square-foot manufacturing facility in Windsor. With new equipment and technology, the company can produce components as large as 54 feet by 12 feet, which makes the new facility one of the largest machining centres in southern Ontario.
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The investments are part of the federal government’s Innovation and Skills Plan, a multi-year strategy to create jobs for the middle class and those working to join it. The automotive sector is one of Canada’s largest manufacturing sectors with over 500,000 direct and indirect jobs and contributes $18 billion to Canada’s gross domestic product (GDP).
In addition to FedDev Ontario’s repayable contribution, APAG Elektronik Corp. will leverage foreign investment of $7.4 million from its parent company APAG Holding AG, headquartered in Zurich, Switzerland. FedDev Ontario’s repayable contribution to Service Mold + Aerospace Inc. is leveraging $15 million in public and private sector funding.