The Ontario government is providing Glider Guard Tool & Die Inc. $246,077.00 in funding through the Regional Development Program’s Southwest Ontario Regional Development program. PHOTO courtesy Gilder Guard Tool and Die.
Gilder Guard Tool and Die Inc in Oldcastle, Ont., is investing 2.84 million in an expansion that aims to create new jobs and stay competitive in the automotive tooling sector.
As part of this investment, the Ontario government is providing Glider Guard Tool & Die Inc. $246,077.00 in funding through the Regional Development Program’s Southwest Ontario Regional Development program.
The project is expected to create seven jobs and retain 88 others.
Glider Guard Tool and Die Inc. is investing the money in a 4000 sq ft. expansion and a new high speed 5 axis milling machine that is paired with computer aided manufacturing software.
This expansion and equipment aims to increase the company’s production capacity, while reducing manufacturing costs and increasing productivity. Seven new jobs will be created through this project.
“The expansion that this funding has been allocated to will allow us to stay competitive in the automotive tooling sector,” said Brenn Cox, engineering manager of Glider Guard Tool and Die.
Ontario is investing more than $140 million through the Regional Development Program.
