EDGE Automation, a London-based manufacturer that provides automated solutions, is investing nearly $5.2 million to expand their operations. PHOTO courtesy EDGE Automation.
The Ontario government is providing more than $2.1 million in financial supports through the Regional Development Program (RDP) to two southwestern Ontario companies looking to expand their operations.
The two manufacturers are EDGE Automation and Takumi Stamping Canada Inc., and the two companies are investing a total of more than $14 million into their planned expansions.
“Our government is proud to support local manufacturers as they look to expand their operations and create more jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re creating the right conditions to attract more investments to Southwestern Ontario from both global companies like Volkswagen and local businesses like EDGE Automation and Takumi Stamping Canada Inc.”
EDGE Automation, a London-based manufacturer that provides automated solutions in mechanical and electrical design and programming, product manufacturing and custom machine building, is investing nearly $5.2 million to expand their operations. The expansion will include a larger facility, new equipment and a new enterprise resource planning system to improve efficiencies. This project is supported by more than $778,000 in funding through the RDP’s Southwestern Ontario Development Fund and will help create 13 new jobs.
“EDGE welcomes the RDP funding, which will help accelerate our growth and team expansion,” said Gerard Regier, president of EDGE Automation. “At a time of economic uncertainty and rising costs, the funding helped make our expansion plans more financially viable. The expansion will help us create local high value jobs and reinvest into our employees.”
Takumi Stamping Canada Inc., is an automotive parts manufacturer based in St. Thomas that ships 500,000 parts in over 540 different part offerings per day. The company is investing nearly $9 million to expand its plant and add new operating equipment. This investment is supported by more than $1.3 million in provincial funding through the RDP’s Southwestern Ontario Development Fund and will help create 65 new jobs.
“Our team at Takumi Stamping Canada Inc. remains very excited about the opportunities that the provincial funding through the RDP’s Southwestern Ontario Development Fund supports as we move towards future growth of the business and continue to build upon our strong foundations in the community,” said Masakatsu Nakata, COO and Chief Engineering Officer for Takumi Stamping Canada Inc.
The Ontario government is investing more than $100 million through its Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. Since 2019, Ontario has provided more than $81 million in support of 75 projects through the program, leveraging more than $860 million in new investments and helping to create more than 1,490 jobs in the province.