Cavalier Tool & Manufacturing’s investment will help the company increase productivity and expand its product offerings to include larger tools and molds. PHOTO courtesy Cavalier Tool & Manufacturing.
Cavalier Tool & Manufacturing Ltd., a global manufacturer of mid- to large-size molds used in several sectors, including the automotive sector, is making a $15 million investment in new technology to increase production at its Windsor, Ont. facility.
Cavalier Tool & Manufacturing’s investment will help the company increase productivity and expand its product offerings to include larger tools and molds. The investment also strengthens supply chains across Canada by helping companies in the automotive, agricultural, manufacturing, recreational and commercial sectors reduce their reliance on imported tools and molds.
To support this investment, the Ontario government will provide the company with $2.25 million through the Advanced Manufacturing and Innovation Competitiveness stream of its Regional Development Program.
“We continue to grow our automotive supply chain by creating the right conditions for local manufacturers like Cavalier Tool & Manufacturing to invest,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “With support through our Regional Development Program, Cavalier Tool & Manufacturing will manufacture products that would otherwise have to be sourced outside of Ontario.”
“Cavalier is pleased to have the Ontario government’s participation in our expansion efforts,” said Tim Galbraith, General Manager of Cavalier Tool & Manufacturing Ltd. “Recognition of manufacturing, and its role as the economic engine here in Ontario, reinforces Cavalier’s initiative to concentrate on our growth locally. Support received through the Ministry of Economic Development, Job Creation and Trade will result in additional jobs at both Cavalier, and our supply chain partners.” Ontario is investing $140 million through its Regional Development Program to help manufacturers across the province grow and address distinct regional priorities and challenges. To date, Ontario has provided more than $100 million to support more than 90 projects through the program, leveraging over $1 billion in new investments.