Creating Jobs in Canada's Auto Sector
Harper Government announces new investment that will create 350 jobs
(firmenpresse) - MARKHAM, 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, Paul Calandra, Member of Parliament for Oak Ridges-Markham, today announced a contribution of $850,000 to Novo Plastics through the Automotive Supplier Innovation Program (ASIP). This investment will create 350 high-quality jobs and leverage a $1.7-million private sector investment by Novo Plastics.
With this investment, Novo Plastics will create a plastic muffler, which will be lighter than traditional mufflers. This advancement will enable lighter vehicle designs and improved fuel efficiency.
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
"Today's investment will allow Novo Plastics to do what it does best: create high-quality jobs and supply quality products to the automotive sector. The Harper Government is confident that Canada's suite of policies-low taxes, global trade opportunities and clear investment rules-will ensure that Ontario's automotive industry remains a global leader."
- Paul Calandra, Member of Parliament for Oak Ridges-Markham
"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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Media Relations
Industry Canada
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Datum: 31.07.2015 - 16:50 Uhr
Sprache: Deutsch
News-ID 410758
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MARKHAM, ONTARIO
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Local
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