Aurora, Ontario-based injection molder Axiom Group Inc. received a C$4.5 million (US$3.45 million) "repayable contribution" to invest in new manufacturing technology and automation from the Canadian government's FedDev Ontario program.
The federal program encourages innovation and economic growth in Southern Ontario, which is Canada's most populous region.
Axiom Group expects to add 60 jobs to its operations in the area, according to a news release by the Federal Economic Development Agency for Southern Ontario.
The funds will help Axiom increase molding capacity for automotive customers and expand development, design and quality control, the release said.
"We appreciate FedDev Ontario's contribution for enabling a world-class smart manufacturing facility like Axiom's to compete, and to create real opportunities for a high-quality skilled workforce in southern Ontario," Majid Sharifi, vice president of finance for Axiom Group, said in the release.
Axiom Group typically takes a low profile, but in July 2019 the company announced that it had plans to open new facilities in Mexico and the United States. A few months later, in November, an Ohio economic development agency announced that Axiom planned to spend $20 million to set up shop in Toledo, Ohio, creating at least 250 jobs.
Axiom Group did not immediately respond to questions from Plastics News.