Province to invest $8.7 million in Toyota plant near Woodstock

Province to invest $8.7 million in Toyota plant near Woodstock

By: ROBINSON/BEINTEMA AUTOFILES

The Ontario Government is investing $8.7 million in new jobs and leading-edge ideas at Toyota Boshoku Canada's auto parts plant near Woodstock. Toyota Boshoku's $87.3 million investment includes building a 25,000 square metre plant that will manufacture front and rear seats, interior door trim and other interior products for the RAV4 vehicle model produced at Toyota Motor Manufacturing Canada's Woodstock plant.

The Toyota Boshoku Canada investment is provided under the Ontario government's Advanced Manufacturing Investment Strategy (AMIS). The $500-million strategy provides repayable loans; interest free for up to five years, to support investments in technology and innovation.

The innovative projects supported by this strategy will generate more than $600 million in new investment and support the creation or retention of about 4,000 jobs.

"We are proud to call Woodstock home to Toyota Boshoku Canada's first Canadian facility," said Haruo Murase, President of Toyota Boshoku Canada. "The skilled workers of Woodstock and the surrounding region will help us reach the next level of competitiveness and success. We couldn't have found a better place to do business."

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