IKO Industries Inc. will build a new C$45 million (US$33.7 million) extruded polystyrene insulation plant in Brantford, Ontario.
The Toronto-based maker of roofing, insulation and waterproofing products said the new site will employ about 30 workers and serve customers throughout Canada and northeastern United States.
The company has made rigid polyisocyanurate insulation boards in the past. The Brantford plant represents its entry into extruded PS (XPS).
IKO expects to break ground this year and start production next year.
"It's an exciting project for us as we will be able to expand our product offerings in a new direction for our customers," said Yekutiel Koschitzky, extruded polystyrene general manager and product innovation manager at IKO, in a statement.
"IKO continues to invest in its business and technology at a level that exceeds its competition, and we're proud to continue to expand within Ontario as well," Koschitzky said.
IKO makes products for both the residential and commercial markets and operates more than 35 plants in North America and Europe.