McGuinty Government Announces $2 Million Investment Creating 127 Jobs For Tilbury Area Workers



    Advanced Manufacturing Investment Strategy Boosts Innovation At Global
    Composite Manufacturing

    TILBURY, ON, June 1 /CNW/ - The McGuinty government is boosting
innovation and supporting the creation of 127 jobs in the Tilbury area through
a $2-million loan to Global Composite Manufacturing, Minister of Economic
Development and Trade Sandra Pupatello announced today.
    "Our government is partnering with Ontario's most innovative companies to
help bring new ideas to market, to drive growth and investment and safeguard
Ontario's manufacturing industry," said Pupatello. "This investment will
create 127 high value jobs and help to build Ontario's position as a leader in
innovation."
    "This is great news for Tilbury, our workers and their families," said
Chatham-Kent-Essex MPP Pat Hoy. "Our government is making strategic
investments that are helping manufacturers transform their operations and
boost competitiveness. With this investment, the company is creating high
value jobs for our workers."
    Global Composite uses an innovative manufacturing process to produce
composite utility transmission poles that are lighter, stronger and more
environmentally friendly than regular utility poles. The new process makes
this product a leading innovative green technology that produces a smaller
footprint and is immune to rot, corrosion and pests. Global Composite was
selected by Calgary-based RS Technologies to modify this manufacturing process
because of Global Composite's specialized expertise in next generation
processes and robotics. The partnership between RS Technologies and Global
Composite is the result of Ontario's manufacturing missions to the Alberta Oil
Sands.
    "We're proud to bring a new advanced manufacturing facility and this
innovative new process to Tilbury," said David Butler, President of Global
Composite. "We knew that Chatham-Kent was the right place with the right
people to take this process to the next level and produce an environmentally
friendly, durable utility poles that are increasingly in demand in global
markets."
    The Global Composite investment is provided under round three of
Ontario's Advanced Manufacturing Investment Strategy. The $500-million
strategy provides repayable loans interest free, for up to five years, to
support investments in technology and innovation. The innovative projects
supported by this strategy will generate nearly $394 million in new
investments and support the creation or retention of about 3,000 jobs.
    The call for proposals for round four of the program will open later in
2007. Further information is available at www.ontariocanada.com (click on the
"Programs and Services" link).
    This program is part of the government's overall strategy for jobs and
prosperity that includes investments in infrastructure, postsecondary
education, stable energy supply, research and innovation and key economic
sectors.
    This is just one more example of how, working together, Ontarians have
achieved results for the economy. Other job creation initiatives include:

    
    -   The Ontario Automotive Investment Strategy that has leveraged more
        than $7 billion in new investments and anchored about 7,000 high-
        value jobs
    -   Building east-west partnerships to help Ontario manufacturers tap
        into opportunities flowing from Alberta's oil sands, which are
        expected to generate projects worth more than $100 billion by 2020
    -   Aggressive action to boost international trade and investment,
        including business missions to China and India/Pakistan and expanding
        Ontario's roster of international marketing centres to 10.



    Disponible en français

                            www.ontariocanada.com



    Backgrounder
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              INNOVATION KEY TO FUTURE OF ONTARIO MANUFACTURING
    

    Ontario's manufacturing sector

    Manufacturing underpins the provincial economy and employs about
one million people, representing some 16 per cent of Ontario's total
employment. In fact, among North American jurisdictions, Ontario is the second
largest employer in the manufacturing sector - only California has more
manufacturing employees. The Canadian Manufacturers and Exporters estimate
that every $1 of manufacturing output generates $3 in total economic activity.
    Domestic manufacturers face challenges stemming from a global industry
restructuring and increased competition from low-cost jurisdictions such as
China and India. Investments in research and development, advanced technology
and innovation are considered essential for Ontario manufacturers to compete
in this environment and secure the sector's long-term prosperity.

    Advanced Manufacturing Investment Strategy

    The Advanced Manufacturing Investment Strategy was launched in
December 2005 to encourage companies to invest in leading-edge technologies
and processes that will increase productivity and competitiveness. The
$500-million strategy stimulates private sector investment by offering loans,
which are interest-free for up to five years, covering up to 10 per cent of
eligible project costs, to a maximum of $10 million per project.
    As part of the 2007 Ontario Budget, reduced project thresholds of either
100 jobs created/retained or $25 million invested were announced (previously
150 jobs or $50 million) to enable even more companies to benefit from the
program. The program is open to all manufacturing sectors and focuses on
innovation, use of advanced technology or materials, research and development,
waste reduction and energy conservation.
    The call for proposals for round four of the program will open later in
2007. Further information about the program is available at
www.ontariocanada.com (click on the "Programs and Services" link).
    The projects announced so far under this strategy will generate nearly
$394 million in new investments and support the creation or retention of about
3,000 jobs, over a five-year period:

    
    -   Global Composite Manufacturing, Tilbury (June 1, 2007) - Modifying
        advanced manufacturing process to produce innovative utility
        transmission poles that are lighter, stronger and more
        environmentally friendly than any other utility poles currently on
        the market. A loan of $2.09 million supports a total project
        investment of $20.86 million.

    -   Skyjack Inc., Guelph (May 14, 2007) - Industrial research and
        development, prototyping, testing and commercialization of a new line
        of boom lifts and telehandlers. A loan of $2.48 million supports a
        total project investment of $24.79 million.

    -   Roxul Inc., Milton (March 15, 2007) - Plant expansion and development
        of new commercial, industrial and residential insulation products
        that use recycled scrap material from the steel and construction
        industries. A loan of $10 million supports a total project investment
        of $103.7 million.

    -   Koolatron Corporation, Brantford (March 7, 2007) - Development of new
        products, including a large mobile cooler and cordless mosquito trap,
        using energy-efficient thermoelectric power. A loan of $2.34 million
        supports a total investment of $23.4 million.

    -   Flakeboard Company, Sault Ste. Marie (March 1, 2007) - Development of
        new manufacturing processes and commercial applications for wood-
        alternative materials used in kitchen cabinets and furniture. A loan
        of $1.6 million supports a total investment of $16.0 million.

    -   FAG Aerospace Inc., Stratford (February 20, 2007) - Capacity
        expansion project to enhance the manufacture of precision bearings
        for the aerospace industry. A loan of $1.78 million supports a total
        investment of $17.8 million.

    -   Diamond Aircraft Industries, London (June 23, 2006) - Development of
        a single-engine, five-seat jet aircraft. A loan of $10 million
        supports a total investment of $106.4 million.

    -   Messier-Dowty Inc., Ajax (June 23, 2006) - Development of a Landing
        Gear Systems Centre of Excellence. A loan of $5.08 million supports a
        total investment of $50.8 million.

    -   Procter & Gamble Inc., Brockville (June 23, 2006) - Development of a
        new generation of quick-cleaning homecare products. A loan of
        $3 million supports a total investment of $30 million.

    Disponible en français

                            www.ontariocanada.com
    




For further information:

For further information: Phil DeMont, Minister Pupatello's Office, (416)
325-6706; Neil Trotter, Communications and Public Affairs Branch, (416)
325-6716

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