Auto parts firm Toyotetsu Canada invests $29.4M to expand Simcoe, Ont. plant
The project will create 26 new jobs at the 265,000 sq. ft. facility and bring more manufacturing work in-house
SIMCOE, Ont.—Toyotetsu Canada is investing $29.4 million to expand its manufacturing plant in Simcoe, Ont.
The Japan-based auto parts company, which builds rear suspension arms, hood locks, brake pedals and a number of other components, plans to use the investment to add new capacity at its approximately 265,000 sq. ft. plant in the small Ontario city not far from Lake Erie.
The project will allow Toyotetsu to build a new line of parts for the Lexus RX, a crossover SUV, and reduce its reliance on imports. It will also add 26 new jobs at the plant, which already has nearly 600 workers on payroll.
The Ontario government said it will provide nearly $1.2 million to support the expansion, while Toyotetsu will invest the remaining $28.2 million.
The project is scheduled to be complete by spring 2020.