Cambridge, Ont. manufacturer Kromet International launching $5.3M expansion
Project expected to create 50 jobs, outfit plant with new robotics and 3D printing technology
CAMBRIDGE, Ont.—A manufacturer of finished metal components based in Cambridge, Ont. is embarking on a $5.3 million plant expansion as it works to scale up production.
With the help of an $800,400 investment from the province of Ontario, Kromet International, plans to invest in new equipment to meet increasing demand for its wide range of products, including handles, step rails, roof racks, luggage racks and LED lighting components for the appliance, furniture, automotive and urban transit industries.
“We are delighted to continue our automation and expansion project in Cambridge,” Mike Owens, the company’s CEO, said. “This support from the Ontario government complements our ongoing growth strategy. The project has the potential to be transformative with new investments in technology that will increase our productivity and keep jobs here in Ontario.”
The project is expected to create 50 new jobs at the company’s Cambridge plant and will also bring in new robotics and 3D printing technology.
Kromet plans to complete the expansion at its 150,000 square-foot facility by 2020.