pCanadian auto supplier Martinrea International says it’s spending $35 million to add a massive new stamping press to a factory in southwestern Ontario./p
Canadian auto supplier Martinrea International says it’s spending $35 million to add a massive new stamping press to a factory in southwestern Ontario.
Martinrea says the new SIMPAC 3000-metric ton press will allow for the production of larger and more complex parts such as body-in-white components, battery enclosures and chassis parts. It will also enhance production efficiency and quality, minimizing waste and energy consumption, the supplier said.
The Ridgetown plant, which was established in 1987 and acquired by Martinrea in 2006, currently employs approximately 150 people and produces several metal stampings and welded assemblies for the automotive industry. The plant is one of Martinrea's 56 locations across 10 countries, serving the global automotive industry.
Martinrea International, based in Vaughn, Ont., ranked 67 on the Automotive News Top 100 Global Suppliers list with US $3.5 billion in sales.
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