Canada invests in York Region manufacturers
Three York region manufacturers will share an investment of $7.8 million from FedDev Ontario to help them create 116 skilled jobs and maintain 30 more. Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister, and Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge were on hand for the announcement.
“Ontario’s advanced manufacturers are world leaders, supporting thousands of jobs while producing the cutting-edge products the world wants and needs. This investment from FedDev Ontario will create 116 jobs in York Region, and help our manufacturers not just survive in the new economy, but thrive,” said Joly. “Our message to them is clear: we’ve been here for you with immediate measures, we’re here for your now as our economy reopens and we’ll get through this, together. We’re working with you to support good, local jobs and help Ontario’s economy come back strong.”
Vision Profile Extrusions will receive a $2.3-million repayable contribution from FedDev Ontario. It will use it to adopt leading-edge processes, integrating first-in-Canada and first-in-industry capabilities in robotics and automation; as well increasing capacity of its PVC processing line. It expects to create 36 skilled jobs and maintain 30 jobs.
Axiom Group gets a $4.5-million repayable contribution from FedDev Ontario that will allow it to automate and digitize its processes to improve its Industry 4.0-enabled facilities. It will als help to increase its capacity to develop high-tech molding for automakers, and enhance and expand its development, design and quality control capabilities. Axiom expects to create 60 skilled jobs.
DuROCK is set to receive a $1-million repayable contribution from FedDev Ontario, it will establish a new manufacturing facility, that will allow it to produce 2,000 PUCC-ROCK boards per day. Through this project, 20 skilled jobs will be created.
“These three projects build on our region’s role as a pillar for manufacturing and innovation. As our economy recovers, it is reassuring to see local companies not only remaining productive, but expand opportunities for residents in York Region,” said Sorbara. “These Canadian manufacturers have been in business a long time, and scaling up will not only strengthen our manufacturing cluster, but will create 116 quality jobs here in Vaughan and across York Region.”