A London manufacturing facility is expanding its workforce after receiving a funding boost from the federal government.
Hanwha is receiving $15-million that, in combination with $1.5-million from the province and $28.6-million from the company itself, will allow it to double its production capacity and integrate robotics into its manufacturing process.
“Canadian manufacturers are taking on the challenges of an increasingly global and competitive marketplace,” says London North Centre MP Peter Fragiskatos.
“FedDev Ontario’s investment will support Hanwha’s long-term success in London, create high-skilled jobs for Canadians, and pave the way for future foreign investment in the region.”
— Peter Fragiskatos (@pfragiskatos) November 25, 2016
Company officials say the investment will allow them to hire an additional 85 full-time workers while the government expects another 100 indirect jobs to be generated through spin-off employment.
“Hanwha L&C is thrilled to work alongside the Government of Canada,” says President and CEO of Hanwha L&C, Myeong-Ho Han.
“This investment will allow us to continue to be innovative in our manufacturing of HanStone Quartz, create employment opportunities and contribute to a healthy London economy. We are proud to do business in this community and are proud to make this London facility our North American headquarters.”
Hanwha creates stone-based products like countertops and flooring that’s then sold in outlets like Home Depot, Rona, and IKEA.
The repayable investment was made through FedDev Ontario’s advanced manufacturing fund.