McGuinty Government Announces $8.7 Million Investment To Toyota Boshoku Canada Creating 365 Jobs In Woodstock



    Advanced Manufacturing Investment Strategy Creates More Opportunities For
    Ontarians

    WOODSTOCK, ON, Aug. 22 /CNW/ - The McGuinty Government is investing
$8.7 million in new jobs and leading-edge ideas at Toyota Boshoku Canada's
auto parts plant, announced Minister of Economic Development and Trade Sandra
Pupatello.
    "We're working hard with Ontario manufacturers to create more jobs and
greater opportunities for all Ontarians," said Pupatello. "Today we're
celebrating 365 new jobs in Woodstock. That's something the Ontario government
is very proud of. And we're repeating success like this over and over again
across the province."
    Toyota Boshoku's $87.3 million investment includes building a
25,000 square metre plant that will manufacture front and rear seats, interior
door trim and other interior products for the RAV4 vehicle model produced at
Toyota Motor Manufacturing Canada's Woodstock plant.
    "This is a great day for Woodstock," said Mayor Michael Harding. "The
Ontario government and Toyota Boshoku Canada have put Woodstock at the front
of the line for more leading-edge investments that create new opportunities
for our community."
    The Toyota Boshoku Canada investment is provided under the Ontario
government'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 more than $600 million in
new investment and support the creation or retention of about 4,000 jobs.
    "We are proud to call Woodstock home to Toyota Boshoku Canada's first
Canadian facility," said Haruo Murase, President of Toyota Boshoku Canada.
"The skilled workers of Woodstock and the surrounding region will help us
reach the next level of competitiveness and success. We couldn't have found a
better place to do business."
    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 thousands of high-
        value jobs in the province
    -   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
    -------------------------------------------------------------------------

              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 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).
    The projects announced so far under the strategy will generate more than
$600 million in new investment and support the creation or retention of about
4,000 jobs, over a five-year period.

    
    AMIS projects include:

    -   Toyota Boshoku Canada, Inc., Woodstock (August 22, 2007) -
        Construction of a new plant to manufacture front and rear seats,
        interior door trim, carpet and headliners for Toyota Motor
        Manufacturing's plant in Woodstock. A loan of $8.7 million supports a
        total project investment of $87.3 million.

    -   Ferrero Canada Ltd, Brantford (August 21, 2007) - Creating a
        Confectionary Centre of Excellence by expanding its production
        capacity and investing in leading technologies and processes new to
        North America. A loan of $5.5 million supports a total project
        investment of $55 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.

    -   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.

    -   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) - 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.

    -   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.

    -   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: Valérie Poulin, Minister Pupatello's Office,
(416) 325-6907; Dave Bauer, Communications Branch, (416) 325-8773

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