Tillsonburg gains 65 jobs with automaker’s $ 27 million investment and province’s $ 1 million increase

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A Tillsonburg auto parts plant will get $ 1 million from the province to support its $ 27 million investment in new equipment and jobs in the area.

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Ontario Economic Development Minister Vic Fedeli was in Tillsonburg on Tuesday to announce money to help THK Rhythm Automotive Canada Ltd. machining and assembly centers to speed up production of a steering and linkage component. The grant will also support the creation of 65 jobs and the expansion of a 13,000 square foot (1,200 square meter) plant.

“It’s very exciting for these new employees who are going to join THK,” Fedeli said in an interview. “Plus, of that $ 27 million that they’ve invested, a huge chunk is made up of all the made-in-Ontario products that they’ve bought. . . it is very good for the economy of southwestern Ontario.

The money, coming from the Southwestern Ontario Development Fund, is part of Ontario’s 10-year prosperity plan to boost production and innovation in the auto industry. It follows last week’s announcement of $ 1.5 million for an auto steelmaker in Woodstock.

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Fedeli said the funding announced Tuesday will support THK’s investment in technology at its two manufacturing plants in Ontario – the other in St. Catharines – to make parts for Ford and Toyota.

“This includes installing state-of-the-art machining and assembly centers. . . necessary to launch the new auto business that has been awarded to THK, ”North American COO John W. Cummings said in a statement.

“These investments will allow us to remain a leader in the design and manufacture of automotive linkage and suspension components,” creating approximately 100 jobs, including 65 in Tillsonburg, and 35 more at its plant in St. Catharines, he said. he declares.

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Virginia C. Taylor