A Chatham plant is getting a financial shot in the arm from the province.
Dajcor Aluminum Ltd. has received just over $1 million in support from the Southwestern Ontario Development Fund.
It’s expected the cash will help create 35 new jobs, and retain 140 positions.
Dajcor designs and manufactures extruded and fabricated aluminum components used in numerous applications including automotive, marine, construction, bathroom fixtures and sliding door runners.
The funding will help the company invest in new state-of-the-art fabrication equipment that will increase capacity and efficiency while also enabling Dajcor to expand into new markets with more technically demanding components.
Examples of new business opportunities that Dajcor is exploring because of this investment include components for light rail transit door assemblies, ventilation systems, LED light enclosures and high-end furniture tracks.
The project has a total value of just over $10.2 million and is scheduled for completion by the end of 2018.