Federal government announces nearly $16M for Ont.’s manufacturing sector
by CM Staff
This includes an $8.8-million non-repayable contribution for Canadian Manufacturers & Exporters (CME) to launch the Technology Investment Program (TIP).
WOODBRIDGE — On Mar. 1, Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), joined by Francesco Sorbara, MP for Vaughan–Woodbridge, announced nearly $16 million in support to strengthen southern Ontario’s manufacturing sector as it transitions to a net-zero clean economy.
This includes an $8.8-million non-repayable contribution for Canadian Manufacturers & Exporters (CME) to launch the Technology Investment Program (TIP). This investment will help participating Ontario manufacturers automate production, reduce their environmental footprint and increase competitiveness in the global market. Small- and medium-sized enterprises (SMEs) will also have access to equipment and advisory services to grow and compete on the global market while fast-tracking product development. This project will support 160 SMEs and create and maintain 870 jobs.
Marwood International Inc. is receiving a $5 million repayable contribution to transition its facilities to manufacture complex and high-quality structural EV parts like body structure and battery support components. Marwood is a hot stamping and composite provider (the process used in automotive manufacturing to produce high-strength structural parts from thin sheet metal and composite fibre) in Canada. Their eco-friendly parts are also helping original manufacturers in the supply chain reduce their impact on the environment. With this investment, Marwood expects to double its EV parts production, reduce lead times, meet industry demands and create 60 jobs in Ingersoll.
Remmen Brakes is receiving a $2.1 million repayable contribution to accelerate the testing and commercialization of its first-in-market EV Nonlinear Electro-Mechanical Brake (NEMB) system. Unlike current braking systems, which rely on fluids, NEMB uses digital technology to activate braking and is projected to eliminate up to 20 million litres of corrosive brake fluid used per year in North America and reduce carbon emissions by 4.2 million tons. With this support, the company will attract and secure new contracts with OEMs, and create 15 jobs in Port Perry.
“Ontario’s manufacturing industry is the engine that drives our national economy and our government is investing in the people that make it run. By making smart investments across supply chains, we will work together to grow local economies, create good paying jobs for our communities, and ensure a healthy environment for generations,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“CME couldn’t be prouder to work with FedDev Ontario to launch our Technology Investment Program. To help Ontario manufacturers succeed at home and internationally, this program aims to support economic growth by giving manufacturers the support they need to invest in technology to automate production and reduce their environmental footprint. The adoption of advanced manufacturing technology will also help companies attract new talent on their path to rewarding careers in manufacturing,” said Dennis Darby, President & CEO, CME.
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