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Auto parts manufacturer’s energy conservation investment pays for itself in only 2 years

Woodstock, ON -- Peter Love, Ontario's Chief Energy Conservation Officer, awarded Canada Mold Technology Inc. of Wo...


Woodstock, ON — Peter Love, Ontario’s Chief Energy Conservation Officer, awarded Canada Mold Technology Inc. of Woodstock, Ont., a Certificate of Recognition on Oct. 22, 2007, for its ambitious energy conservation efforts.

With assistance from Woodstock Hydro and an investment of $80,000 at its 5,574 sq m plant, the company achieved annual energy savings of $40,000 — paying off its initial investment in only two years.

“I’m pleased to present a Certificate of Recognition to Canada Mold Technology to show the kind of effort that is being made to create a culture of conservation and ensure the long-term success of the province’s conservation plan,” said Love. “They are an excellent example of how companies can benefit from energy conservation, saving money and reducing their environmental footprints.”

Robert Punton, general manager, who accepted the certificate on behalf of Canada Mold Technology, said, “This kind of efficiency gives us an excellent advantage in a highly competitive industry, and we’re happy to do our part to help ensure we have enough electricity in the future to sustain our operations and protect the environment.”

“We are seeing a lot of companies take an interest in energy conservation,” said Jay Heaman of Woodstock Hydro. “Canada Mold Technology is a shining example. Just two years after their initial investment, they’ve paid for their investment. The rest is profit.”

Most of the energy savings were achieved through retrofitting the plant’s lighting and air-compression equipment.