How to resolve AdBlock issue? Ontario launches next round of $10M O-AMP program
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- September 7, 2020
Click image to enlargeOntario has launched its next round of applications for the Ontario Automotive Modernization Program (O-AMP).
The $10-million program provides auto parts companies with funding to invest in new technologies and support innovation in Ontario's automotive supply chains.
"Ontario is uniquely positioned to lead the development of the next generation of vehicles when you consider that we have North America's second-largest IT cluster and are the continent's number two auto producer," said Minister of Economic Development, Job Creation and Trade Vic Fedeli. "With more than 250 companies and organizations active in the development of connected and autonomous vehicle technologies, many of the world's leading companies are developing the transportation solutions of the future right here in our province."
O-AMP funds companies to help with manufacturing technology adoption and/or adoption of lean manufacturing processes. Funding covers up to half of eligible project costs, with a ceiling of $100,000, with the company covering the remainder.
"Our government has made it faster, easier, and more cost-effective to do business in the province, which will position us for success and bring jobs to Ontario as the global economy recovers," said Minister Fedeli. "Ontario's auto sector has been front and centre in the fight against COVID-19, with many companies retooling their operations to make emergency supplies. The auto industry, a mainstay of advanced manufacturing and innovation, will continue to be instrumental as we implement our made-in-Ontario plan for renewal, growth and economic recovery."
Ontario is the only place in North America where five major automakers build vehicles — Fiat Chrysler, Ford, General Motors, Honda and Toyota — as well as truck manufacturer Hino.
The Ontario government has announced it plans to invest $40 million in advanced manufacturing inititatives in Ontario. The funding is part of a broader provincial $400 million Business Growth Initiative aimed at supporting Ontario's shift towards a high growth innovation economy.
It will come as no surprise to anyone involved in manufacturing in Ontario, but a new Fraser Institute report confirms what many already know: high electrical costs have driven thousands of manufacturing jobs out of the province.
Mazak has a vision for the future of manufacturing that embraces the Industrial Internet of Things (IIoT) and that vision was clearly evident at Discover 2015, an annual multi-day event held at the company's sprawling 800,000 sq ft headquarters and North American manufacturing operations in Florence, KY.
Despite the economic damage caused by the COVID-19 pandemic, insolvencies in Ontario declined by 24 per cent in 2020 to the lowest annual level since 2000, according to Ontario’s Financial Accountability Office (FAO).
3D Systems Corp. has acquired CAD/CAM supplier Cimatron, developer of CimatronE and GibbsCAM software product lines.
LG Energy Solution (LGES), one of the world’s foremost battery manufacturers, and automaker Stellantis N.V. have announced a joint venture that will invest over $5 billion CAD ($4.1 billion USD) in a facility to manufacture lithium-ion batteries for EVs in Canada.
Eclipse Automation has purchased custom automation equipment manufacturer D&D Automation of Stratford, ON.
The World Economic Forum has officially recognized the Sandvik Coromant production unit in Gimo, Sweden as an advanced Industry 4.0 facility.
Chrysler's announcement that it's investing $2 billion in its Windsor, ON, minivan plant was welcome news by workers in the automotive industry.
Scotchman Industries Inc. is celebrating 50 years of manufacturing metal fabricating equipment in the US.
The Canadian Tooling & Machining Association (CTMA) held its 23rd Annual Shotgun Golf Tournament on Sept 14.
Stelco is entering the growing electric vehicle battery recycling market.
Iscar Tools and Megatel have formed a partnership and plan to hold a technical machining presentation November 29 at Iscar's Oakville, ON, facility.
API and Mitutoyo Corp. are partnering to distribute API’s portable dimensional metrology equipment through Mitutoyo’s global network.
GM Canada and Unifor, the union representing workers at GM’s Oshawa assembly plant, have reached an agreement to transition the plant’s vehicle assembly operations to parts manufacturing and advanced vehicle testing.
