Windsor manufacturer getting new machining technology with federal investment

A Windsor manufacturing company has been given $700,000 to diversity their business. CTV Windsor’s Bob Bellacicco has the details.

A Windsor manufacturer is investing in advanced machining technology and automation with help from federal government funding.

Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), visited NextGen Mold Technologies on Friday to learn about its advanced machining technology that specializes in the manufacturing of plastic injection and compression molds.

While there, Long announced a recent investment by the government of up to $700,000, through the Regional Tariff Response Initiative, to help the company modernize its advanced machining and automation technology.

“Tariffs, trade shocks, and intensifying geopolitical risks have thrust economies into uncertainty. Canada is in no way immune to these challenges. But despite the turbulence beyond our borders, there is still so much that we can do to build a stronger Canada from within and bolster our own industries. The Government of Canada is supporting workers and businesses by making strategic investments like this one in NextGen Mold Technologies,” said Long.

Through this investment, NextGen Mold will be able to enhance its manufacturing capabilities and efficiency.

Funding for this project will come from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).