Government of Canada has awarded a repayable of $17 million to the Astrex Inc. of Lakeshore for installing North America’s first-of-its-kind aluminium automotive parts facility. The Federal Economic Development Agency’s (FedDev Ontario) Advanced Manufacturing Fund will grant the fund to the company.
Astrex is a manufacturer of auto parts and a newly joint venture of Ontario-based CanArt Aluminium Extrusion Inc. and the Netherlands-based Constellium N.V. CanArt is a manufacturer of a variety of aluminium products while Constellium is a leading producer of aluminium products for the automotive industry.
The facility will manufacture lightweight, high-strength aluminium auto part components that would reduce carbon emissions as well as consumption of fuel.
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Mark Blackmore, General Manager of Astrex Inc., said, "At Astrex, we have created a facility at the leading edge of aluminum extrusion technology and with the support of the Government of Canada, we are proud to be able to create more manufacturing jobs in the Windsor area."
The Canadian government has also awarded a non-repayable of $1.2 million to the Batteries Energy Canada Inc. of Ottawa for developing long lasting batteries for electric cars that would offer better performance.
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