FedDev Ontario Investments Supports Expansion of Windsor, Ontario Manufacturing Companies
FedDev Ontario is a federal agency that supports economic growth in southern Ontario, Canada’s most populous region.
Swiss-based APAG Elektronik Corp. which manufactures electronic control parts and LED lighting for automobiles, is receiving more than $4 million to help establish a new Windsor facility that will serve as its North American headquarters, bringing 138 new skilled jobs to the region. FedDev Ontario funding will allow the company to install state-of-the-art equipment and complete renovations to its new 32,000-square-foot facility.
In addition, Service Mold + Aerospace Inc., an integrated tool and mold manufacturer for the automotive and aerospace industries, is receiving $1.06 million to install new state-of-the-art equipment and create up to 21 jobs at its recently built 34,000-square-foot manufacturing facility in Windsor. With new equipment and technology, the company can produce components as large as 54 feet by 12 feet, which makes the new facility one of the largest machining centres in southern Ontario.
In addition to FedDev Ontario’s repayable contribution, APAG Elektronik Corp. will leverage foreign investment of $7.4 million from its parent company. FedDev Ontario’s repayable contribution to Service Mold + Aerospace Inc. is leveraging $15 million in public and private sector funding.
According to company officials, investments in the automotive sector are part of the Government of Canada’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
“Our government is taking action to support our Canadian auto sector workers. Today’s investment in APAG Elektronik Corp. and Service Mold + Aerospace Inc. is great news for Windsor and all of Ontario. Together we’re creating good, skilled jobs in the region, and helping to keep our automotive manufacturing industry strong and globally competitive,” The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario said.
“APAGCoSyst is established in Europe for automotive electronics and we are excited to launch our North American production facility in Windsor, Ontario. The FedDev Ontario support announced today has helped us to do this, and will result in improved productivity and competitiveness. In addition, our talent needs will lead to technical recruitment and skill-building to further regional diversification,” Anand Kanoria, Vice Chair of the Board of Directors & Joint CEO, Operations, APAG Elektronik Corp. said.
“We appreciate that FedDev Ontario has provided a repayable contribution to help fund our expansion. This support has aided Service Mold + Aerospace to add equipment that has enabled us to attract new business that otherwise would not be capable of winning,” Martin Schuurman, President, Service Mold + Aerospace added.
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