Five auto-parts companies in the Barrie, Ont. area – including some plastics processors – will receive funding from the Ontario Automotive Modernization Program (O-AMP).
Barrie-Innisfil MPP Andrea Khanjin announced four companies in her riding will receive funding in round one of the O-AMP: Innovative Automation Inc. ($67,712), Jomi Technical Services, Linear Transfer Automation Inc., and SBS Drivetec Inc. ($100,000 each).
“This funding will assist them in becoming more efficient and innovative in their manufacturing processes,” said Khanjin. “And as we lay the foundation for economic recovery from COVID-19, this new grant will allow for further job creation and local job opportunities.”
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Oro-Medonte’s Molded Precision Components (MPC) will also receive $100,000. “Thanks to O-AMP, we have been able to be the first in Canada to implement this new technology, helping us be more competitive and advance our business capabilities,” said MPC president Davi
Ontario government invests in auto parts companies March 31, 2021 Maryam Farag
Funding awarded so far will leverage $25.8 million in industry investments.
“The Canadian and Ontario auto industries have a generation-defining opportunity to lead in the design, engineering and manufacture of modern vehicle technologies, zero emissions, light-weight, connected and autonomous,” said Flavio Volpe, President, Automotive Parts Manufacturers Association. “The targeted investments of the Ontario Automotive Modernization Program will assist our ambitious and innovative auto parts companies stay at the leading-edge of technology and innovation.”
O-AMP was launched in September 2019 as part of Driving Prosperity: The Future of Ontario’s Automotive Sector. The program was designed to help small-and-medium-sized automotive parts suppliers get stronger and faster by investing in technology adoption and/or training in lean manufacturing.