July 9, 2019 by Manufacturing AUTOMATION
July 9, 2019 – The federal government has announced an investment of up to $20 million in an Ontario manufacturer of foam polymers and moulding for the automotive sector.
Woodbridge Foam Corporation will receive up to $20 million to support an approximately $100 million modernization project, which will create 110 jobs and maintain 727 more in Ontario.
With the investment, Woodbridge will modernize two of its plants into state-of-the-art manufacturing facilities, and create a Centre of Excellence where it will centralize its global research and development (R&D) activities in advanced materials and product design of moulded foam products, such as car seats and armrests. This will help the company increase production, better meet market demand for products, secure new business, and create and maintain skilled manufacturing jobs in Canada.
As part of the project, Woodbridge will invest more in R&D, see more intellectual property developed and retained in Canada, and expand its collaboration with high schools and post-secondary institutions.
When it was founded in 1978, Woodbridge operated a single Canadian plant. It now has more than 60 facilities around the world.