Ontario supporting four Cambridge manufacturers with $2.7M

CAMBRIDGE, Ont.—The Ontario government announced May 2 it is partnering with local businesses in the Cambridge area to create 83 new jobs and retain 250 positions in the manufacturing and food processing sectors.

The province’s investments in Cambridge, through the Southwestern Ontario Development Fund, include the following partners and projects:

• Leoni Elocab manufactures high performance custom cables and custom plug and play cable systems for the global market. The company will expand its facility and purchase new equipment that will enable it to develop new product lines.
  • Ontario is investing $1.5 million, supporting a total eligible investment of $10.5 million from the company.
  • The project is expected to create 19 new jobs, help to retain 79 existing positions and be completed by December 2022.
• National Pasta produces fresh, frozen, and dry and gluten free pasta sauces and entrees. The company is upgrading its manufacturing capabilities with new equipment.
  • Ontario is investing $280,500, supporting a total eligible investment of $3,506,000 from the company.
  • The project is expected to create 10 new jobs, help to retain 15 existing positions and be completed by December 2021.
• New World Friction manufactures passenger car and light truck brake pads for major auto parts retailers. The company is upgrading its equipment to improve capacity and output.
  • Ontario is investing $456,100, supporting a total eligible investment of $3,040,400 from the company.
  • The project is expected to create 40 new jobs, help to retain 103 existing positions and be completed by December 2021.
• Trillium Metal Stampings is a manufacturer of metal stamping and mechanical assemblies for automotive, appliance, locomotive and construction industries across North America. The company will expand its facility and purchase new equipment to increase its production.
  • Ontario is investing $475,252, supporting a total eligible investment of $4,277,263 from the company.
  • The project is expected to create 14 new jobs, help to retain 53 existing positions and be completed by July 2021.

“The manufacturing and food processing sectors play important roles in Ontario’s economy, and I am pleased that our strategic investments will help these forward-thinking Cambridge companies create good jobs and grow the local economy. With support from regional economic development programs, we can help companies keep growing and invest in their communities,” said Jeff Leal, Ontario minister responsible for Small Business.