Siltech Corporation announces $100M investment in Ont.

PHOTO: Manufacturing/Getty Images

FORT ERIE — The Ontario government says they are welcoming a $100 million investment by Siltech Corporation, an Ontario manufacturer of specialty silicone used in the personal care, automotive, agriculture, pulp and paper, and oil and gas industries. The investment, to build a new manufacturing facility in Fort Erie, will create 51 new jobs.

“As we continue to grow the manufacturing sector in our province, we’re thrilled to see Ontario companies like Siltech invest in their expansion,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re creating the conditions for long-term economic growth that will create more good jobs and opportunities for workers and businesses across the province. Congratulations, Siltech, on this exciting project, and thank you for choosing Ontario and contributing to our province’s dynamic and growing manufacturing sector.”

Siltech Corporation’s $100 million investment will be used to build a new 210,000 square-foot state-of-the-art manufacturing facility in Fort Erie — the company’s third facility in the province. The facility will include new state-of-the-art technology to increase production and help the company meet growing demand and expand to new markets around the world. As part of this investment to expand operations, the government is providing $5 million in funding through the Regional Development Program’s Southwestern Ontario Development Fund.

“Siltech is excited to be building in Fort Erie,” said Dag Enhorning, President of Siltech. “We are a proud Canadian company and look forward to many years of growth in this community.”