Auto components molder Lakeside Plastics Ltd. is expanding and upgrading its operation in Windsor, Ontario.
The firm has embarked on a C$12.8 million (US$9.9) project that will create 55 jobs over four years and retain about 304 positions. The Ontario government's Southwestern Ontario Development Fund is providing C$1.28 million in funding to help purchase new machinery to expand the firm's capabilities and improve competitiveness.
Lakeside injection molds functional and interior parts. Among its biggest contracts are for interior garnish and door trim for Chevrolet vehicles. The company runs about 43 injection presses with clamps from 28 to 3,500 tons.
Lakeside is one of several manufacturers in the Windsor area getting funding from the Ontario development fund. Ontario Deputy Premier Deb Matthews announced the funding in Windsor on May 11. Another plastics-related business, Integrity Tool & Mold Inc., was awarded C$1.1 million (US$850,000) to produce higher quality and more precise plastic injection molds. The upgrading project is estimated to cost more than $C16.6 million (US$12.8 million) and will create 52 new jobs over three years and protect 317 positions.
“Ontario simply wouldn't be Ontario without the auto sector,” Matthews said in a news conference. “It demonstrates that Windsor really is on the forefront.”
Ontario's auto assembly plants are fed by more than 700 parts suppliers. The supply chain also includes more than 500 tool, die and mold makers.
“The Southwestern Ontario Development Fund gives reputable companies the chance to adopt new technologies that will help them grow their business and stay competitive,” said Brad Duguid, Minister of Economic Development, Employment and Infrastructure, in a news release.