FedDev Ontario invests in York Metal Products
FedDev Ontario is supporting the scale-up and growth of York Metal Products with a repayable contribution of $1.9 million. York Metal Products is a leading metal fabricator that works with customers in a range of sectors to develop improved designs and processes that lower cost and improve performance.
With the support, York Metal Products will purchase advanced automation and robotic equipment to scale up production of its proprietary one-piece metal exhaust emission parts for the automotive sector and create 32 skilled manufacturing jobs in Concord. These parts drastically reduce greenhouse gases and reduce or eliminate other exhaust emissions and are more cost effective than competing products. This investment will leverage an additional $10.8 million in private sector investment and will allow the company to meet growing demand from the North American auto industry.
More information can be found in the press release.