Mississauga, Ontario — Woodbridge, a key supplier of automotive foam, will spend C$100m ($76m) on a modernisation project. The Canadian government is contributing up to C$20m.
The news, along with a commitment to centralise R&D in Ontario, came in a joint announcement with the government on 9 July.
Canada's strategic innovation fund will contribute up to C$20m. This will help pay for facilities upgrades in the towns of Woodbridge and Blenheim. The R&D centre will be in Woodbridge, Ontario.
Navdeep Bains, Canada's minister of innovation, science and economic development, announced the funding.
Woodbridge will also create a centre of excellence that will be the company's global centre of R&D in materials and product design. Moulded foam products, such as car seats and armrests, will be a development focus.
Charles Daly, Woodbridge's president,e said: 'We view this as an investment in our global competitiveness.'
The upgrades and R&D centre will create 110 jobs, and maintain 727 more.
