Windsor company gets grant for “green” auto parts
Canadian PlasticsCanadian Plastics
The Ontario McGuinty government is supporting a leading edge manufacturing process at Windsor, Ont.-based PM Plasti...
The Ontario McGuinty government is supporting a leading edge manufacturing process at Windsor, Ont.-based PM Plastics, a move that will help create 42 new jobs and help retain 65 existing jobs.
The province will provide a grant of $565,300 to support the company’s investment of $3.77 million over the next five years.
PM Plastics specializes in manufacturing parts for automotive fuel and air induction systems, and will use the funding to commercialize and manufacture components for alternative energy based vehicles. This also includes components for hybrid vehicles.
“The provincial support is helping our company move forward with its product development and growth plans,” said Jeff Field, plant manager at PM Plastics. “Manufacturing components for alternative energy based vehicles provides us with a more diverse product line and is an excellent example to show the innovative and creative ability of the PM Plastics team.”
The government funding is coming from Ontario’s Next Generation of Jobs Fund, a $1.15 billion business incentive program designed to create and protect jobs for Ontario families.
“Part of the Ontario government’s economic strategy is to support companies that are creating jobs in the green and high-tech sectors,” said Minister of Economic Development Michael Bryant. “These sectors are creating te jobs people want and helping to secure Ontario’s position as a premiere destination for investment and innovation.”