New Technology Helps Create Jobs In Aurora



    McGuinty Government Invests In Auto Parts Manufacturing Process

    TORONTO, Jan. 23 /CNW/ -

    NEWS

    Ontario is helping an auto parts maker invest in an innovative technology
that will create 128 jobs in Aurora.
    The province is contributing $2.4 million to support the Axiom Group's
(http://www.axiomgroup.ca/) plans to develop and produce a new high output
exhauster for the auto industry. Their new product is manufactured using
plastic injection moulding, resulting in a lighter product that also improves
air velocity and reduces noise.
    The support comes from Ontario's Next Generation of Jobs Fund
(http://www.ontariocanada.com/ontcan/en/nextgen_main_en.jsp), a $1.15 billion
business incentive program to create and protect jobs for Ontario families.
Partnering with business is a component of the Ontario government's five-point
plan (http://www.premier.gov.on.ca/economicplan/) to grow the economy.

    QUOTES

    "The Ontario government is helping auto parts manufacturers invest in new
technology, which in turn leads to new jobs," said Michael Bryant, Minister of
Economic Development. "The Ontario government's economic strategy is to
support companies that are investing in innovative technology so Ontarians can
have the jobs they want and the prosperity they deserve."

    "The support from the McGuinty government helps us to accelerate our
growth plans and make the investments in our operations and workforce that
allow us to remain competitive. Their support in commercializing our new
technology and the skilled and educated workforce anchors our investment in
Ontario," said Perry Rizzo, President of Axiom Group.

    
    QUICK FACTS

    -   Axiom is a supplier for Chrysler, Ford, and General Motors, and also
        supplies other auto parts companies. The company is investing
        $16 million in the new technology.

    -   There are more than 400 auto parts manufacturers in Ontario.

    LEARN MORE

    Find out about other Next Generation of Jobs Fund projects
(http://www.ontariocanada.com/ontcan/en/nextgen_news_en.jsp).

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                                                     ontario.ca/economy-news
                                                      Disponible en français
    





For further information:

For further information: Greg Crone, Minister's Office, (416) 606-8562;
Eric Shapiro, Communications Branch, (416) 325-6698

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