Wednesday, February 28, 2024

Ontario Welcomes More Than $14 Million in New Investments in Southwestern Ontario

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New expansion projects will create good paying manufacturing jobs for workers in London and St Thomas

EDGE Automation and Takumi Stamping Canada Inc., two businesses in Southwestern Ontario, are investing more than $14 million to boost local manufacturing and create 78 new well-paying jobs in London and St. Thomas. Through the Regional Development Program (RDP), the government is contributing more than $2.1 million to the businesses as part of these investments.

Minister of Economic Development, Job Creation, and Trade Vic Fedeli stated, “Our government is proud to support local manufacturers as they look to expand their operations and create more jobs.” We’re making the right circumstances to draw in additional speculations to Southwestern Ontario from both worldwide organizations like Volkswagen and nearby organizations like EDGE Robotization and Takumi Stepping Canada Inc.”

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EDGE Robotization, a London-based producer that gives computerized arrangements in mechanical and electrical plan and programming, item assembling and custom machine building, is money management almost $5.2 million to grow their tasks. In order to increase productivity, the expansion will include a larger facility, brand-new equipment, and a brand-new ERP system. Through the RDP’s Southwestern Ontario Development Fund, this project receives support worth more than $778,000 and will contribute to the creation of 13 new jobs.

Gerard Regier, President of EDGE Automation, stated, “EDGE welcomes the RDP funding, which will help accelerate our growth and team expansion.” Our expansion plans became more financially viable thanks to the funding, which came at a time when the economy was uncertain and costs were rising. We will be able to reinvest in our employees and create local high-value jobs thanks to the expansion.

Takumi Stepping Canada Inc., is a main car parts producer situated in St. Thomas that ships 500,000 sections in north of 540 different part contributions each day. The organization is effective money management almost $9 million to extend its plant and add new working hardware. This speculation is upheld by more than $1.3 million in common subsidizing through the RDP’s Southwestern Ontario Advancement Asset and will assist with making 65 new positions.

Masakatsu Nakata, Chief Operating Officer and Chief Engineering Officer of Takumi Stamping Canada Inc., stated, “Our team at Takumi Stamping Canada Inc. remains very excited about the opportunities that the provincial funding through the RDP’s Southwestern Ontario Development Fund supports as we move towards future growth of the business and continue to build upon our strong foundations in the community.” Ontario is investing more than $100 million through its Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. Starting around 2019, Ontario has given more than $81 million on the side of 75 undertakings through the program, utilizing more than $860 million in new ventures and assisting with making in excess of 1,490 positions in the area.

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