Canadian Manufacturing

Ontario manufacturers to get $1.1M boost from province’s development fund

by Canadian Manufacturing.com Staff   

Canadian Manufacturing
Financing Human Resources Manufacturing Operations Procurement Automotive Public Sector


Funds will go toward work force expansions, equipment investments

TORONTO—Several days after investing nearly $2 million in three Cambridge, Ont. manufacturers, the province’s Southwestern Ontario Development Fund has announced a further $1.1 million investment into three different Ontario businesses.

The province will invest $440,900 into Walinga Inc.’s expansion of its Guelph and Fergus, Ont. operations, a project that will create 25 new full-time jobs and retain 177 others over four years.

Canada Tubeform has also secured a partnership from the Ontario government. Its London, Ont. plant will create 10 new jobs and retain 46 positions with the help of a $282,000 infusion from the SWODF. The funds will go toward a $3.77 million project to develop and purchase new equipment that will allow the company to fill orders from Honda, GM and Chrysler.

Meanwhile, Precision Resource Canada Ltd. will also receive $410,500 from the provincial fund to invest in equipment and increase its production capabilities. The $8.2 million project will create 19 jobs and retains more than 330 positions over three years.

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