The provincial government is adding several hundred thousand dollars to support investment by two companies in a bid to add manufacturing jobs in the region.
CNCTech.com Inc. and Onbelay Automotive Inc. are investing $2.6 million in Belle River and Chatham, and the province is adding $390,000 to the pot.
The funds, through the Regional Development Program, will help create 55 jobs and retain an additional 89 jobs.
“The Regional Development Program continues to support local manufacturers through targeted investments in local businesses to create good, local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade, in a media release.
Onbelay Automotive is investing $956,455 to upgrade equipment and machinery and project facility modifications. With $143,468 from the Southwestern Ontario Fund, Onbelay Automotive will support a significant influx of new volume involving the forming, production, coating and assembly of stabilizer bars from a large existing customer.
The project will create 50 new jobs and will retain 81 existing positions.
“We are very grateful for the assistance from the Ontario government in supporting the local auto manufacturing sector here in Chatham,” said Aly Rahemtulla, owner & CEO of Onbelay Automotive. “Onbelay Automotive is pleased to make this significant investment to upgrade equipment and machinery, create new employment in the area and help make Onbelay more competitive in the global supply chain.”
MPP Rick Nicholls, Chatham-Kent-Leamington, said the local investment is welcome.
CNCTech will focus on investment in new machinery and software technologies that will increase manufacturing automation resulting in increased production.