FedDev Ontario invests in two automotive parts suppliers March 9, 2021 Maryam Farag
FedDev Ontario invests in repayable contribution of $3.9 million for Kumi Canada Corporation and York Metal Products.
“Today’s announcement represents a step forward for our automotive manufacturers by increasing production capabilities and creating skilled manufacturing jobs, while helping Canada to achieve its goal of net-zero emissions by 2050.” said Mélanie Joly, Minister, Economic Development and Official Languages
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Kumi Canada will use $2 million to expand its Bradford facility by 60,000 square-feet, install advanced energy-efficient equipment, increase production capacity by 40 per cent and create 60 new jobs in Bradford. This investment will leverage an additional $15.7 million in private sector investment.
Feds invest in Ontario injection molder Kumi Canada
The company is receiving $2 million from FedDev Ontario to expand its facility, install new equipment, increase production capacity, and create new jobs. March 8, 2021 Canadian Plastics
Injection molder Kumi Canada is one of two Ontario manufacturers receiving a combined total of $3.9 million from the federal government to scale up and automate processes.
Bradford, Ont.-based Kumi is receiving $2 million to expand its facility by 60,000 square feet, install advanced energy-efficient equipment, increase production capacity by 40 per cent, and create 60 new jobs. The company molds and assembles products for the automotive sector, and has been recognized as a top supplier to Honda.
From: Federal Economic Development Agency for Southern Ontario
Advanced manufacturing is a cornerstone of Canada’s economy, producing goods for domestic and international markets while supporting well-paying jobs. In the face of both of COVID-19 and climate change, southern Ontario companies are adopting innovative processes and products to stay on the cutting edge and spur growth.
March 3, 2021 – Concord, Ontario
Advanced manufacturing is a cornerstone of Canada’s economy, producing goods for domestic and international markets while supporting well-paying jobs. In the face of both of COVID-19 and climate change, southern Ontario companies are adopting innovative processes and products to stay on the cutting edge and spur growth.