Creating Jobs in Canada's Auto Sector
Harper Government announces new investment that will create 100 jobs
(firmenpresse) - NEWMARKET, ONTARIO -- (Marketwired) -- 07/31/15 -- Industry Canada
Canada's automotive supply chain is essential to the success of automotive manufacturers in Ontario, and a strong supply chain encourages more international investment by large automotive firms.
To support the growth of Ontario's automotive supply chain, Lois Brown, Member of Parliament for Newmarket-Aurora, today announced a $1.84-million investment in Palcam Technologies Ltd. through the Automotive Supplier Innovation Program (ASIP). This support will create 100 high-quality jobs and leverage a $3.6-million private sector investment by Palcam.
With this investment, Palcam will develop new technologies that improve the effectiveness and reliability of aluminum die casting. These advancements will enable lighter vehicle designs and improved fuel efficiency. This project will help position Canada at the leading edge for the adoption of 3D printing technology in the automotive sector in North America.
The Harper Government is supporting automotive suppliers in developing groundbreaking, advanced products. This support is essential to helping small and medium-sized businesses bring new technologies to the marketplace for Canadian automotive consumers.
Quick facts
Quotes
"Ontario's automotive supply chain is one of the very best in the world. Companies that operate in Canada benefit from low taxes, global trade opportunities and a skilled workforce-advantages unmatched by any other jurisdiction in the world. The Harper Government will continue to support policies that grow Ontario's automotive industry and create high-quality jobs across the province."
- Lois Brown, Member of Parliament for Newmarket -Aurora
"These launch investments demonstrate the government's willingness to partner in commercializing unique Canadian innovation in real time. The lean and effective ASIP is a great example of what the public and private sector can do together to support continued world-class automotive manufacturing in Ontario."
- Flavio Volpe, President, Automotive Parts Manufacturers' Association (APMA)
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Industry Canada
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Datum: 31.07.2015 - 16:19 Uhr
Sprache: Deutsch
News-ID 410752
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NEWMARKET, ONTARIO
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