A London company says $611,000 in provincial cash has helped it hire 14 new employees.
Monday morning during a news conference, Ramsden Industries filled the media in on its recent $6.1-million dollar expansion.
Speaking on behalf of the province, London North Centre MPP Deb Matthews said the government provided support through the Southwestern Ontario Development Fund.
“You all know that we’ve been through a rough patch in the southwest when it comes to manufacturing and that’s why our government stepped up and created something called the Southwestern Ontario Development Fund. It is designed to support companies that are growing, that are increasing exports, that are adding to our prosperity in this region.”
Ramsden Industries was established in 1943 and now casts more than 4 million pounds of aluminum each years.
“We bring in aluminum as a raw material and we melt it and we make shapes for our customers,” General Manager Andrew Ramsden explains.
“So, we make parts for the automotive industry, industrial customers, and a wide variety of products.”
In addition to allowing Ramsden to expand its workforce, the funding will also go towards upgrading the facility.
“The SWOD-F project will allow Ramsden to make significant improvements to our manufacturing processes and to add innovative casting and inspection equipment,” Ramsden announced.
“The SWOD0F project and the support from the government of Ontario will allow Ramsden to build on our strong history of innovation and attract new opportunities. In addition this project will support local suppliers and services Ramsden works closely with and who make up an integral part of our project.”
They currently employ a total of 70 workers, including the 14 recent hires.