PUSLINCH, Ont.—An Ontario manufacturer that makes polymers and resins for the automotive and aerospace coatings industries, as well as the ink and plastics sectors is launching an approximately $1.7 million expansion project at its plant just south of Guelph, Ont.
HP Polymers, a subsidiary of U.S.-based Whitford Corp., plans to use the funds buy new equipment to increase capacity and add to its product lineup.
“Our new state-of-the-art equipment will help produce higher quality products at an increased speed and capacity,” Michael Coates, the company’s managing director for North America, said in a statement. “This, with the new jobs the investment generates, will help take our company to the next level servicing our customers in Ontario and beyond.”
HP Polymers will invest nearly $1.5 million in the project, while the Ontario government will invest a further $257,200.
The project is expected to create five new jobs in Puslinch, Ont.
The polymer maker plans to wrap up work on the expansion by the end of 2021.