ArcelorMittal Tailored Blanks Americas Limited (AMTB), a steel manufacturer of lightweight auto parts, has received $5 million from the federal government to help it modernize its equipment and technologies to fully transition its Concord, Ont., facility from producing fuel-powered vehicle components to 100 percent Electric Vehicle (EV) components for the automotive industry.
The company works with leading EV Original Equipment Manufacturers (OEMs). The project will also create 65 new jobs in Concord.
“Canadian manufacturers are reaching their potential as they support Canada’s transition to a net-zero economy. Today, our government is investing in ArcelorMittal Tailored Blanks Americas Limited as it transitions its Concord facility to support a cleaner, more fuel-efficient future for the automotive sector while creating 65 good, skilled jobs. As we shift to a carbon-neutral economy, we are supporting sustainable manufacturing facilities that will be at the forefront of the industry,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
