An Ontario tool and moldmaker that services the North American auto industry is investing $15 million in its operations, and the provincial government is kicking in $2.25 million to offset the cost.
It didn’t specify which technology will be used or how it might be used in automotive. Cavalier would only say the investment will help the company increase productivity and expand its product offerings to include larger tools and molds. Ontario Minister of Economic Development Vic Fedeli said in the same statement that Cavalier’s investment will help “manufacture products that would otherwise have to be sourced outside of Ontario.”
“We are actively expanding our automotive supply chain by fostering an environment conducive to local manufacturers, such as Cavalier Tool & Manufacturing to make investments,” he said in a statement.