Ontario investing in Windsor-area plastics processors and moldmakers
The six firms are receiving funding through the Southwestern Ontario Development Fund.
A number of plastics processors and moldmakers in the Windsor, Ont. region are receiving provincial funds to help them add jobs and invest to increase productivity.
The funds are being awarded through the Southwestern Ontario Development Fund.
Companies receiving funding include:
Saturn Tool & Die: The firm is getting $186,100 to help it acquire new equipment to increase production and pursue new markets. The company designs and makes tools and dies for the metal stamping and auto industries. The project has a total value of $2,326,700 and is expected to create 10 new jobs and retain 51 positions over three years.
Select Tool: The firm is receiving $181,152 to help it expand and diversify its operations through automation and robotics integration into the computer numerical control manufacturing process as well as the acquisition of additional equipment. The company is a full service specialty fixture, gauge, and automation, design and manufacturer for the auto industry. The project has a total value of $1,811,518 and has created 24 new jobs and retained 101 positions – the project was completed on July 31, 2017.
Stratus Plastics International: A custom injection molder, the firm is receiving $121,100 to help it invest in energy efficient equipment, two robotics systems and a material handling system to increase its capacity and grow the business. The project has a total value of $1,211,300 and is expected to create 12 jobs and retain 12 over four years.
Superior Tool and Mold: A manufacturer plastic injection, compression molds, and lighting tools for the auto industry, the firm is getting $555,300 to help it purchase new equipment with automated robots to improve efficiency and production capacity. The project has a total value of $5,552,700 and is expected to create 13 new jobs and retain 74 positions over three years.
Technical Molding Management Systems: The firm is receiving $110,700 to help it purchase equipment and develop light weight molds to meet increasing demands for light weight auto parts. The company provides solutions for injection tooling and molding primarily for the auto sector. The project has a total value of $1,107,300 and is expected to create 10 jobs and retain 20 positions over two years.
Windsor Mold: The moldmaker is receiving $1 million to help it develop an automated manufacturing process for plastic injection molds and mold components. The company designs and manufactures a variety of plastic injection molds primarily for the auto industry. The project has a total value of over $15 million and has created over 50 jobs since inception.
“Through the Southwestern Development Fund, we are enabling innovative companies to expand and adopt new technologies in order to sharpen their competitive edge and strengthen Ontario’s economy,” said Jeff Leal, provincial minister responsible for Small Business.