Auto Service World
News   September 17, 2007   by Auto Service World

Ontario Government Announces New Funding


The Ontario government is investing $6 million in the development of advanced and fully integrated bumper systems at AGS Automotive/Tiercon to help the company grow its business and create high-value jobs in Ontario’s auto parts industry, Minister of Economic Development and Trade Sandra Pupatello has announced.
“Our support is helping AGS invest in the areas that will define the long term success of Ontario’s auto industry – product innovation, leading edge and energy efficient technologies, and skills training,” said Pupatello.
“Ontario has been North America’s top vehicle producing jurisdiction for three years straight and we’re working with the industry to keep it that way.”
The project, supported under the Ontario Automotive Investment Strategy, carries a combined provincial and company investment of $62 million.
AGS Automotive and Tiercon, members of parent company the J2 Group, will make investments in their facilities across Ontario.
The companies currently have operations in Oshawa, Toronto, Cambridge, Windsor and Stoney Creek.
“Strategic use of public funds has proved invaluable in leveraging private sector investments and spurring job creation in communities across Ontario,” said Ted McMeekin, MPP for Ancaster-Dundas-Flamborough-Aldershot.
“With this investment, AGS and Tiercon can move forward with their growth plans that will contribute to the local economy and deliver new opportunities for its employees.”
“This investment, and the growth and diversification of our product portfolio it will bring, signals the future for our companies,” said Joe Loparco, co-president of both AGS Automotive and Tiercon.
“The talents of our employees, plus investments in research and development and new technologies, will enable us to provide ever more innovative and industry-leading products for our customers.”


Print this page

Related


Have your say:

Your email address will not be published.

*