Ontario, Canada: Newsroom
News Release
February 14, 2011
Concept Plastics Growing In Mississauga
McGuinty Government Helps Local Businesses Grow, Create And Retain 3,730 Jobs
Ontario is helping a plastics manufacturer in Mississauga develop new, innovative technology that will make the business more competitive and create 27 new jobs and support 26 existing positions.
The province is providing Concept Plastics Limited, maker of food and plant packaging and containers, and Canada’s only car mat manufacturer , with a loan of $3.07 million to help the business install new equipment. This will enable the business to use PVC powder in the injection moulding process, which will help Concept Plastics increase production while reducing material costs by as much as 40 per cent. The new equipment will also make the business more competitive with countries like China and India that have low production costs.
The province has also invested over $4 million to support Therapure Biopharma in Mississauga, which is building a new facility and creating 94 new jobs while supporting 40 existing positions. Ontario’s support will also help attract global customers for the business’ bio-products, which treat illnesses such as infectious diseases, cancer and anaemia.
As well, the province provided a grant of $16.7 million to Electrovaya to create 240 new jobs and support 50 existing positions and develop and manufacture its lithium ion SuperPolymer battery systems for clean, electric vehicles. And a $51.3 million to Mississauga’s Cyclone Manufacturing to create 133 new jobs and retain 111 more jobs and to set up composite and surface treatment centres of excellence for aircraft part production.
Ontario’s support for the rebounding auto sector has also helped Brampton to support the 2,871 jobs at the plant. In January, Chrysler announced the launch of three new vehicles at Chrysler’s Brampton Assembly Plant, including the all-new 2001 Chrysler 300 and Dodge Charger, as well as the 2011 Dodge Challenger.
Ontario also supported 2Source Manufacturing Inc. with a $5.13 million loan towards a $17.14 million investment to transform their manufacturing facility into a centre of excellence for aircraft bushings to create and retain 138 jobs.
Partnering with local businesses supports the province’s Open Ontario plan to create new job opportunities and promote economic growth.
QUOTES
“Our government is committed to working with industry to ensure that innovation and productivity remain a key priority for the manufacturing sector, paving the way for long term growth, economic prosperity and good jobs for Ontarians.”
– Sandra Pupatello
Minister of Economic Development and Trade
“Investing in innovation gives local manufacturers a strong competitive edge. With cost reductions of up to 40 percent, Concept Plastics will become even more efficient and will be able to go head to head with companies from competing jurisdictions.”
– Harinder S. Takhar
Minister of Government Services and MPP for Mississauga-Erindale
“The McGuinty government is pleased to partner with Concept Plastics as they take their company to the next level. Their success means good jobs right here in our community.”
– Amrit Mangat
MPP for Mississauga-Brampton South
“Ontario’s investment will help Concept Plastics become highly competitive and gain a significant share of a market that supplies auto markets. We expect sales to more than double over the next five years bringing good jobs to Mississauga.”
– Kiran Kulkarni
President of Concept Plastics Ltd.
QUICK FACTS
- The Canadian market for car mats is valued to be in excess of $50 million while the USA market is in excess of $250 million.
- The new process will also reduce energy consumption by eliminating an injection moulding step that consumes large amounts of energy.
- As a result of the province’s tax changes, taxes on business investment were cut in half, making Ontario more competitive and encouraging new business investments.
LEARN MORE
CONTACT
Leigh-Ann Popek
Minister’s Office
416-325-0362