Ontario invests in manufacturing businesses
- March 14, 2014
Ontario is helping three companies, two of them in the metal product manufacturing industry, grow their businesses by providing financial support to help them create 46 new jobs and retain 176 existing jobs in Southwestern Ontario.
These companies are receiving support through the Southwestern Ontario Development Fund, which helps create jobs and diversify the economy by encouraging regional businesses to be innovative and to pursue new markets.
The companies receiving support include:
- Lumar Machining and Manufacturing Ltd.: Ontario is investing $374,472 to help Lumar Machining and Manufacturing with renovations to its newly acquired 25,000 square foot building, while creating eight new jobs and retaining 14 jobs in St. Thomas. Funding will help the contract machine shop invest in larger equipment to make higher precision materials and increase production. Read Shop Metalworking Technologies' story on the company here.
Founded in 1984, Lumar Machining and Manufacturing has grown from providing services mainly to the local auto industry to include the aircraft, mining, recreational and oil and gas industries.
- Cooper-Standard Automotive Canada Ltd.: Ontario is investing $489,833 to help Cooper-Standard launch a new product line, while creating 26 new jobs and retaining 151 positions in Glencoe. The company specializes in metal- and rubber-based products for the automotive industry. Ontario's support will help the company invest in new equipment to manufacture electronic throttle bodies used to provide fuel efficiency in gas engines.
Cooper-Standard Automotive Canada Limited is a subsidiary of Cooper-Standard Automotive — a leading global supplier of systems and components for the automotive industry that is headquartered in Novi, Michigan.
- Railway City Brewing Company Ltd.: With Ontario's investment of $122,630, Railway City Brewing is renovating a 13,500 square foot industrial building to expand production of its award winning, hand-crafted beer. This investment will allow the company to install new equipment, increase production and provide more retail and tour space, while creating 12 new jobs and retaining 11 existing jobs in St. Thomas.