Investment to boost Canada’s automotive parts industry

March 7, 2016

Canada’s regional government of Ontario is investing $15 million to increase the competitiveness of the area’s automotive parts industry. The funding, part of Ontario’s five-year $400-million Business Growth Initiative, will support innovation in the automotive and transportation sectors.

The Business Growth Initiative investments are focused on building a world-leading automotive and transportation innovation ecosystem in Ontario. The Automotive Supplier Competitiveness Program is a $5-million two-year program to help smaller auto parts companies adopt the latest technologies and close technological gaps. The aim is to help companies increase productivity, adapt quickly to market changes and take advantage of new opportunities with larger manufacturers.

A further $10 million has been committed to the Canadian Urban Transit Research and Innovation Consortium, a centre to support R&D and commercialisation of technologies such as light-weighting and autonomous software.

It is claimed that Ontario’s Business Growth Initiative will grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale up and modernising regulations for businesses.

“To drive economic growth, Ontario businesses need to take their firms to the next level and embrace the technologies of tomorrow. By lowering the cost of doing business, helping more companies to scale up, and supporting innovation, we’ll produce global frontrunners that lead technological disruption and position Ontario to win the jobs and investments of the future,” stated Brad Duguid, Ontario’s Minister of Economic Development, Employment and Infrastructure.

Commenting on the investment plans, Flavio Volpe, President of Canada’s Automotive Parts Manufacturers Association, stated “We identified a gap, worked with this government to create the right vehicle to address it and are looking forward to working in partnership with them to deploy this critical modernisation funding. Small and medium-sized companies face increasingly mobile competition and this program allows for them to develop the tools required to compete most efficiently.”

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link