McGuinty Government Announces $7 Million Investment to Toyotetsu Canada Securing 250 Jobs in Norfolk County



    Advanced Manufacturing Investment Strategy Boosts Innovation At
    Toyotetsu Canada

    SIMCOE, ON, Aug. 7 /CNW/ - The McGuinty government is investing
$7.15 million in a leading-edge automotive parts assembly process with
Toyotetsu Canada Inc., Minister of Economic Development and Trade Sandra
Pupatello announced today.
    "Our government is partnering with innovative companies like Toyotetsu to
bring new jobs and investment to communities like Simcoe and Norfolk County.
It's a success story we are working to repeat across Ontario," said Pupatello.
"It's vital that we position Ontario as a leader in new ideas to remain
competitive in the global economy. Our investments in key industry sectors are
solidifying Ontario's position front and centre on the world stage."
    Toyotetsu Canada's $71.5 million investment supports the construction of
a 270,000 square foot assembly plant that uses advanced laser welding and
robotics to stamp, weld and assemble automotive parts for Toyota Motor
Manufacturing facilities in Woodstock and Cambridge.
    "This is a major win for our County," said Dennis Travale, Mayor of
Norfolk County. "Not only is this investment securing 250 good jobs, it puts
Norfolk on the map for more innovative investments that create greater
opportunities for our workers and their families. I thank the provincial
government for thinking of Norfolk."
    The Toyotetsu Canada investment is provided under round two of Ontario's
Advanced Manufacturing Investment Strategy (AMIS). 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 $465 million in new investments and support the
creation or retention of more than 3,500 jobs.
    "We're proud to open our new assembly plant right here in Simcoe," said
Matt Murai, Chair, Toyotetsu North America. "Norfolk County workers have the
right skills and will help us reach new heights in advanced manufacturing.
This location is a perfect fit for Toyotetsu."
    The government is now accepting proposals for AMIS round four, with a
submission deadline of August 30, 2007. For eligibility requirements and an
application package visit www.ontariocanada.com (click on the "Programs and
Services" link).
    AMIS 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:

    
    -   A new $650-million Next Generation Jobs Fund that will leverage
        investments in green technologies that help to reduce greenhouse gas
        emissions and improve environmental sustainability

    -   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.


    Disponible en français

                            www.ontariocanada.com



    Backgrounder
    -------------------------------------------------------------------------

              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, Finance Minister Greg Sorbara
announced reduced project thresholds of either 100 jobs created/retained or
$25 million invested 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 Ontario government is now accepting proposals for AMIS Round Four,
with an application deadline of August 30, 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
$465 million in new investments and support the creation or retention of about
3,500 jobs, over a five-year period.

    Some AMIS highlights include:

    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.

    FAG Aerospace Inc., Stratford (February 20, 2007) - Research and
development into improving the manufacture of precision bearings for the
aerospace industry. A loan of $1.78 million supports a total investment of
$17.8 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.

    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.

    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.

    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.

    Skyjack Inc., Guelph (May 14, 2007) - Creation of a Centre of Excellence
to facilitate industrial research and development, prototyping, testing and
commercialization of new aerial work platforms and materials handling
equipment. A loan of $2.48 million supports a total project investment of
$24.79 million.

    Toyotetsu Canada Inc., Simcoe (August 7, 2007) - Construction of a new
assembly plant to stamp, weld and assemble automotive parts for Toyota Motor
Manufacturing plants in Cambridge and Woodstock. A loan of $7.15 million
supports a total project investment of $71.5 million.


    
    Disponible en français

                            www.ontariocanada.com
    





For further information:

For further information: Phil DeMont, Minister Pupatello's Office, (416)
325-6706; Dave Bauer, Communications Branch, (416) 325-8773

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