Supplying parts in the automotive industry is highly competitive, requiring continuous innovation. That is why the governments of Canada and Ontario are supporting the adoption of new manufacturing technologies and processes, especially those that lower fuel consumption and improve vehicle safety for Canadians.
Today, Kate Young, Member of Parliament for London West, Peter Fragiskatos, Member of Parliament for London North Centre, and Deb Matthews, Member of Provincial Parliament for London North Centre, announced that Sodecia London is receiving a total of $5 million from both levels of government.
The announcement was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), and the Honourable Jeff Leal, Ontario Minister Responsible for Small Business.
Sodecia London has built a new 200,000-square-foot hot stamping facility in London's Innovation Park. These contributions will allow Sodecia London to adopt advanced technologies to increase productivity and diversify its products, leading to increased competitiveness and participation in global markets. Hot stamping technologies produce lighter weight and stronger auto parts, which improves fuel efficiency and occupant safety.
Through this project, Sodecia London expects to create up to 44 skilled manufacturing and management jobs. This investment expands and consolidates the presence of Portugal-based Sodecia Group in London.
" The auto manufacturing sector is a key driver of Ontario’s economy, which why our government is committed to help companies like Sodecia adopt the latest in advanced technologies to grow their business and increase competitiveness. Our investment in this major local employer will help bring even more highly-skilled jobs to the London area and strengthen Ontario’s economy."
- Jeff Leal
Minister Responsible for Small Business
" I’m very pleased our government continues to invest in southwestern Ontario. This investment will not just create new jobs, but it will ensure hundreds of people remain employed in their skilled fields. I look forward to seeing the positive impact this project will bring to the people of London and our region."
- Deb Matthews
Member of Provincial Parliament for London North Centre
" Canada's auto parts industry is a fundamental part of our manufacturing sector. The Sodecia Group choosing London for its new hot stamping facility is an example of how attracting global investment creates jobs and opportunities for Canadians now and in the future."
- The Honourable Navdeep Bains
Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
" Sodecia London’s new facility is proof that this region is a destination of choice for companies looking to grow and remain competitive in global markets while creating jobs locally.”"
- Kate Young
Member of Parliament for London West
" The Government of Canada is proud to invest in innovative companies, like Sodecia London, which are helping to diversify the economy, create jobs and bring new ideas to the forefront each and every day."
- Peter Fragiskatos
Member of Parliament for London North Centre
" This investment in hot-stamping is in line with the company’s strategy to produce lightweight, safe and cost-effective products. We are very appreciative of the support from the governments of Canada and Ontario for this project which combines technology with the development of a strong workforce distinguished by its high skills."
- Sonia Moreira
Chief Financial Officer, Sodecia North America
" We are pleased to support Sodecia London through the SMART program to help the company integrate a new capability in the London plant, create new jobs and substantially increase export revenues. SMART is an important program that continues to support many manufacturers’ business growth and competitiveness."
- Ian Howcroft
Vice President, Canadian Manufacturers & Exporters Ontario