Ontario investing $611,600 in auto sector manufacturing in LondonStaff Writer | January 26, 2017
Ontario is partnering with Armo-Tool to help expand its operations, creating 15 new jobs and retaining 145 positions in London.
Auto industry in Canada Armo-Tool is investing more than $7.6 million
With the assistance of the province, Armo-Tool is investing more than $7.6 million to expand its London facility and upgrade its equipment. This will enable the company to boost productivity, increase its capacity and better meet the needs of its customer base.
A previous Ontario investment in Armo-Tool helped create 35 jobs, more than double the amount that was expected, between 2013 and 2016. This enabled the company to add new equipment to better serve its customers.
Ontario is investing $611,600 from the Southwestern Ontario Development Fund for this project. The project is expected to be completed in September 2020. ■