Federal government invests in auto-parts manufacturer to bolster EV supply chain
by CM Staff
AMTB will modernize its equipment and technologies to fully transition its Concord facility from producing fuel-powered vehicle components to 100 percent Electric Vehicle (EV) components for the automotive industry.
PHOTO: ArcelorMittal
CONCORD — On May 25, during Economic Development Week, Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), joined by Francesco Sorbara, MP for Vaughan–Woodbridge, and Majid Jowhari, MP for Richmond Hill, announced a $5-million investment for ArcelorMittal Tailored Blanks Americas Limited (AMTB), a steel manufacturer of lightweight auto parts. Its steel, which is used in cars, electric vehicles, appliances and buildings, is made with processes that use less energy, and reduce carbon footprint and cost.
With this investment, AMTB will modernize its equipment and technologies to fully transition its Concord facility from producing fuel-powered vehicle components to 100 percent Electric Vehicle (EV) components for the automotive industry. This will support the company as they collaborate with many leading EV Original Equipment Manufacturers (OEMs). The project will also create 65 new jobs in Concord.
These advancements will further support AMTB’s capabilities that improve vehicle safety and efficiency and save floor and transportation space, while also reducing the carbon footprint of the manufacturing process and the vehicles built with its products.
“Canadian manufacturers are reaching their potential as they support Canada’s transition to a net-zero economy. Today, our government is investing in ArcelorMittal Tailored Blanks Americas Limited as it transitions its Concord facility to support a cleaner, more fuel-efficient future for the automotive sector while creating 65 good, skilled jobs. As we shift to a carbon-neutral economy, we are supporting sustainable manufacturing facilities that will be at the forefront of the industry,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“Today’s investment is supporting a key local manufacturer as they work hard to enhance capabilities for the future, while also meeting the global demand for EV components. The Government of Canada is committed to helping position our thriving manufacturing sector for a successful future as they grow,” said Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge.
