Ontario offers investment support to Tillsonburg automotive parts manufacturer
December 6, 2021 by Manufacturing AUTOMATION
The Ontario government is offering $1 million to THK Rhythm Automotive Canada through its Regional Development Program.
THK Rhythm Automotive Canada is investing $27 million to purchase advanced manufacturing equipment, including automated machining and assembly centres to manufacture steering and linkage components. With the funds provided by the province from the Southwestern Ontario Development Fund, the company will create around 100 new jobs.
“The grant funding received will be used to support the technology investment that THK is making in our Ontario manufacturing facilities,” said John W. Cummings, North American operations director for THK Rhythm Automotive. “This includes the installation of state-of-the-art machining and assembly centres which will be required to launch the new automotive business that has been awarded to THK. These investments will allow us to remain a leader in the design and manufacturing of automotive linkage and suspension components, creating about 100 new jobs in our Ontario facilities.”
As part of this project, THK is also expanding its Tillsonburg plant by about 13,000 square feet to provide the necessary space to improve the flow of material throughout the production process, in turn reducing costs.
“Through the Regional Development Program, our government is making targeted investments in local manufacturers to help them create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We thank THK Canada for contributing to our province’s vibrant, innovative, and growing automotive sector. Investments like this one play a pivotal role in Phase 2 of our Driving Prosperity auto plan. And they are making a significant impact on the Oxford County regional economy by investing in Ontario’s talented workforce and creating the conditions for long-term economic growth.”
Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges.