Province partnering with Ontario Drive & Gear

Ontario, Canada is partnering with Ontario Drive & Gear to upgrade and expand the company’s New Hamburg plant which will create 35 new jobs and retain 117 positions over four years. Ontario Drive & Gear designs and manufactures custom gears and transmissions for the automotive and energy markets. With $1.5 million in support from the province’s Southwestern Ontario Development Fund, the company will be able to expand and purchase new equipment to meet the growing demand for its innovative products.Together, these two funds have created and retained more than 37,000 jobs and attracted more than $1.5 billion in investment.

Attracting new investment to Ontario's key industry clusters is part of the government's economic plan for the province. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.

QUOTES


“We’re delighted to welcome Howa Canada as the latest addition to Ontario’s world renowned auto sector. Today’s announcement underscores the value of our comprehensive approach to partnering with the auto industry, with a strong focus on quality and innovation, as we work to secure new investments and product mandates. Our strategy is securing significant investment and new jobs for Ontario’s economy, with over 400 jobs at Ford, the General Motors investment in Ingersoll, and the Honda investment in Alliston.”
Brad Duguid Minister of Economic Development, Employment and Infrastructure

“We are proud to partner with government of Ontario on this expansion project. Ontario Drive & Gear is an advanced manufacturer that employs a highly skilled work force. We are committed to using all the tools available — education and training, sophisticated equipment, software, hardware, research and development so we manufacture industry-leading products that answer the challenges of the market place and in doing so, create new wealth and contribute to Ontario’s economy.” 
- Joel Wright, President, Ontario Drive & Gear
Share on Google Plus

About Rajkumar

Thanks for reading our post. We at MotorZest always strive to bring you the best news and quality reviews on cars & bikes in India. Do follow us on our social media platforms to have great conversations!
    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment