Plans to pursue opportunities in oil and gas sector
TORONTO—Over the next three years, automotive machinery manufacturer, Armo Tool Limited, is planning investments in new technology to increase production at its 40,000 square-foot London, Ont. facility, add new jobs and continue expansion into the oil and gas sector.
So far, investments include two CNC milling machines and a tryout feedline for the stamping press but they have yet to be implemented, says Ben Whitney, president of Armo Tool. The firm, which just completed a 10,000 square-foot expansion, also intends to add 14 new advanced manufacturing jobs.
The project is being funded, in part, by the government. Armo Tool has received a conditional government grant of $338,250 towards the cost of these investments from the Ontario Ministry of Economic Development, Trade and Employment, according to Brigitte Marleau, senior advisor, media and communications at the Ministry.
Anderson Water Systems Inc., a subsidiary of Degrémont Technologies, also received a conditional of $300,000 towards establishing a global technical competence centre for ion exchange at its Ancaster, Ont. facility, and add 50 new jobs over the next three years.
“Funding comes with strings attached,” Marleau notes. “Companies must meet specific job and investment targets. The Province will closely monitor each project over its lifespan, and providision are in place to protect the public’s investment should targets not be met.”
For more information see:
Armo Tool to add 14 jobs over three years; $3.4M expansion planned in the London Community News
Grant helps Ancaster’s Anderson Water Systems Grow by 50 Jobs in The Hamilton Spectator