Ontario invests in local Cambridge manufacturers
The province is investing over $1.7 million in support of an $18.8-million investment by three Southwestern Ontario companies in the manufacturing sector through the Regional Development Program, which will help create 167 jobs.
IPF Holdings Inc. (good natured Products Inc.) in Ayr is investing $4.3 million in a new production line for eco-friendly packaging. With Ontario’s investment of $500,000, good natured Products Inc. will create 15 jobs.
Shimco North America Inc. is investing nearly $3.8 million to establish a full-service vertically integrated processing system, and a Shimco Centre of Excellence lab. With Ontario’s investment of $246,772, Shimco will create 12 jobs.
Eclipse Automation Inc. is investing nearly $10.8 million to establish an Industry 4.0 SMART facility in Cambridge. With Ontario’s investment of $1 million, Eclipse will create 140 jobs.
“The Regional Development Program continues to support local manufacturers through targeted investments that allow businesses to create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “These projects are making a significant impact in communities and economies in the Cambridge region and Southern Ontario by helping to secure the private-sector investment to create the conditions for long-term economic growth and job creation. We thank IPF Holdings Inc., Shimco North America Inc. and Eclipse Automation Inc. for contributing to our province’s dynamic and growing manufacturing sector.”