Queen's Park contributes a grant of $855,000 to expansion project
By
Mark Schadenberg
A
Woodstock manufacturer will be hiring and expanding thanks to a grant from the
provincial government.
Steel
Technologies Canada Ltd. receives more than $850,000 from Queen’s Park as
announced earlier this week by Guelph-area MPP Liz Sandals.
The
press gathering included Woodstock mayor Trevor Birtch who saw first-hand how
important investment from Japanese companies can be when he visited Japan recently as part of a southern Ontario contingent.
"I
am pleased with (this) announcement and am thrilled to see a local company
continue to innovate so that they are ready for the next generation of
manufacturing. On my recent business mission to Japan we visited with Mitsui to
express our appreciation and pledge support to any future investments they may
be considering which now makes this announcement even more special," said
Birtch on Heart FM.
Trevor Birtch
Steel
Technologies supplies steel products to the automotive industry – to Toyota and
Honda, but also to Ford, General Motors and Chrysler as well.
The
source of the investment is the Southwestern Ontario Development Fund, noted
Sandals.
"What we're specifically looking
at is, number one, will the investment protect the jobs that are already in the
company and grow the number of jobs because we're all obviously concerned about
employment," Sandals said in a Woodstock Sentinel-Review story. "Is
the investment going to beef up the technology that the plant is using? ... We
also look at if this allows the company to maintain or expand its markets and,
in this case, they'll be able to double production.
"Short
answer is, they met all of the criteria for receiving a grant."
The Woodstock location is on Beards
Lane and opened its doors in 2008, while the company also has a production facility
in Cambridge, and was founded in 1971 in Kentucky. According to the Steel Technologies website in the company timeline, it is noted that Mitsui and Steel Technologies merged in 2007.
Steel Technologies plays a significant role in the automotive industry, but is also contributing products to other industrial sectors such as agriculture, HVAC, other construction materials, and household appliances.
Steel Technologies plays a significant role in the automotive industry, but is also contributing products to other industrial sectors such as agriculture, HVAC, other construction materials, and household appliances.
The expansion at the Woodstock location
will include an addition of more than 64,000 square feet to its current
facility. The press clippings noted that the Woodstock location will hire 15
more full-time employees.
LINKS:
Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty Brokerage
757 Dundas St, Woodstock
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland
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