ONTARIO - The Ontario government is investing $7.15 million in a leading-edge automotive parts assembly process with Toyotetsu Canada Inc., Minister of Economic Development and Trade Sandra Pupatello has announced.
Press Release Body = ONTARIO - The Ontario government is investing $7.15 million in a leading-edge automotive parts assembly process with Toyotetsu Canada Inc., Minister of Economic Development and Trade Sandra Pupatello has announced.
\"Our government is partnering with innovative companies like Toyotetsu to bring new jobs and investment to communities like Simcoe and Norfolk County. It's a success story we are working to repeat across Ontario,\" said Pupatello. \"It's vital that we position Ontario as a leader in new ideas to remain competitive in the global economy. Our investments in key industry sectors are solidifying Ontario's position front and centre on the world stage.\"
Toyotetsu Canada's $71.5 million investment supports the construction of a 270,000 square foot assembly plant that uses advanced laser welding and robotics to stamp, weld and assemble automotive parts for Toyota Motor Manufacturing facilities in Woodstock and Cambridge.
\"This is a major win for our County,\" said Dennis Travale, Mayor of Norfolk County. \"Not only is this investment securing 250 good jobs, it puts Norfolk on the map for more innovative investments that create greater opportunities for our workers and their families.\"
The Toyotetsu Canada investment is provided under round two of Ontario's Advanced Manufacturing Investment Strategy (AMIS). The $500-million strategy provides repayable loans interest free, for up to five years, to support investments in technology and innovation. The innovative projects supported by this strategy will generate $465 million in new investments and support the creation or retention of more than 3,500 jobs.
\"We're proud to open our new assembly plant right here in Simcoe,\" said Matt Murai, Chair, Toyotetsu North America. \"Norfolk County workers have the right skills and will help us reach new heights in advanced manufacturing. This location is a perfect fit for Toyotetsu.\"
AMIS is part of the government's overall strategy for jobs and prosperity that includes investments in infrastructure, postsecondary education, stable energy supply, research and innovation and key economic sectors.
This is just one more example of how, working together, Ontarians have achieved results for the economy. Other job creation initiatives include:
A new $650-million Next Generation Jobs Fund that will leverage investments in green technologies that help to reduce greenhouse gas emissions and improve environmental sustainability
The Ontario Automotive Investment Strategy that has leveraged more than $7 billion in new investments and anchored about 7,000 high-value jobs
Building east-west partnerships to help Ontario manufacturers tap into opportunities flowing from Alberta\'s oil sands, which are expected to generate projects worth more than $100 billion by 2020.
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