05-02-2018, 06:09 PM
(This post was last modified: 05-02-2018, 06:10 PM by panamaniac.)
$2.7M from the Province to support expansions at four local manufacturers:
Leoni Elocab, a manufacturer of special cables and cable assemblies in Kitchener, will receive $1.5 million for an expansion of its facility and the purchase of new equipment. A government news release said the company is investing $10.5 million in the project, which is expected to be completed by the end of 2022. It's expected to create 19 jobs alongside 79 existing positions. ....
Kitchener's Trillium Metal Stampings will receive $475,252 for an expansion and purchase of new equipment. The project, expected to be completed by July, 2021 should create 14 jobs. The business, which manufactures metal stampings and weld and mechanical assemblies and already employs 53 people, is investing nearly $4.3 million in the project.
New World Friction, which makes car and light truck brake pads, will receive $456,100 from the government for an equipment upgrade that's expected to create 40 new jobs. The Cambridge firm employs 103 people; the company is investing more than $3 million in the project, which should be complete by the end of 2021....
... National Pasta will receive $280,500 toward an equipment upgrade that's expected to be complete by the end of 2021. The manufacturer of pastas, sauces and other foods is investing more than $3.5 million in the project. The company employs 15 people, and the upgrade is expected to add 10 more positions.
https://www.therecord.com/news-story/858...l-funding/
Leoni Elocab, a manufacturer of special cables and cable assemblies in Kitchener, will receive $1.5 million for an expansion of its facility and the purchase of new equipment. A government news release said the company is investing $10.5 million in the project, which is expected to be completed by the end of 2022. It's expected to create 19 jobs alongside 79 existing positions. ....
Kitchener's Trillium Metal Stampings will receive $475,252 for an expansion and purchase of new equipment. The project, expected to be completed by July, 2021 should create 14 jobs. The business, which manufactures metal stampings and weld and mechanical assemblies and already employs 53 people, is investing nearly $4.3 million in the project.
New World Friction, which makes car and light truck brake pads, will receive $456,100 from the government for an equipment upgrade that's expected to create 40 new jobs. The Cambridge firm employs 103 people; the company is investing more than $3 million in the project, which should be complete by the end of 2021....
... National Pasta will receive $280,500 toward an equipment upgrade that's expected to be complete by the end of 2021. The manufacturer of pastas, sauces and other foods is investing more than $3.5 million in the project. The company employs 15 people, and the upgrade is expected to add 10 more positions.
https://www.therecord.com/news-story/858...l-funding/