With extensive expertise in metal forming and joining and assembly technologies, PWO Canada has positioned itself in the area of lightweight solutions. PHOTO courtesy PWO Canada
PWO Canada, the first international subsidiary of German auto parts manufacturer PWO Group, is investing $9.6 million towards the addition of an assembly line at the company’s Kitchener, Ont., facility.
With their $9.6 million investment, PWO Canada will install a new assembly line with technology it says will increase production and add more automation that will lower-costs. To support this investment, the provincial government will provide PWO Canada with nearly $1.5 million through the Regional Development Program’s Southwestern Ontario Development Fund.
“This support provides not only the financial resources needed for progress and development, but also the confidence enabling growth in Ontario, keeping talents from Waterloo Region here in our community,” said Andreas Haas, CEO of PWO Canada Inc.
Ontario is investing $140 million through its Regional Development Program to help manufacturers across the province grow and create new, good-paying jobs. To date, Ontario has provided over $110 million to support more than 90 projects through the program, leveraging over $1.1 billion in new investments and helping to create more than 2,200 jobs. Applications for the latest round of the Regional Development Program’s Southwestern Ontario Development Fund are open until October 5, 2023.