Southwestern Ontario Development Fund investing $1M in THK Rhythm Automotive Canada Limited
by CM Staff
THK Canada will also expand its Tillsonburg plant by about 13,000 square feet to provide the necessary space to improve the flow of material throughout the production process.
TILLSONBURG — The Ontario government is supporting a $27 million investment by Oxford County auto parts manufacturer THK Rhythm Automotive Canada Limited to try and strengthen Ontario’s automotive and domestic manufacturing sectors, while attracting investment to the local economy.
THK Rhythm Automotive Canada will invest $27 million to purchase advanced manufacturing equipment, including automated machining and assembly centres to manufacture steering and linkage components. With $1 million from the Southwestern Ontario Development Fund, the company will create about 100 new jobs. Through this project, THK Canada will also expand its Tillsonburg plant by about 13,000 square feet to provide the necessary space to improve the flow of material throughout the production process, in turn reducing costs.
“Through the Regional Development Program, our government is making targeted investments in local manufacturers to help them create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We thank THK Canada for contributing to our province’s vibrant, innovative, and growing automotive sector. Investments like this one play a pivotal role in Phase 2 of our Driving Prosperity auto plan. And they are making a significant impact on the Oxford County regional economy by investing in Ontario’s talented workforce and creating the conditions for long-term economic growth.”
“The grant funding received will be used to support the technology investment that THK is making in our Ontario manufacturing facilities,” said John W. Cummings, North American Operations Director for THK Rhythm Automotive. “This includes the installation of state-of-the-art machining and assembly centres which will be required to launch the new automotive business that has been awarded to THK. These investments will allow us to remain a leader in the design and manufacturing of automotive linkage and suspension components, creating about 100 new jobs in our Ontario facilities.”
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