Woodbridge: Modernisation of two manufacturing sites in Canada
Woodbridge announced that it is investing up to CAD 100 million (~ EUR 68 million) for creating and promoting innovation in Ontario, Canada. According to the company, the announcement is part of the Government of Canada’s contribution of up to CAD 20 million (~ EUR 13.6 million) through the Strategic Innovation Fund (SIF), a programme designed to attract and support high-quality business investments in the country’s economy.
The investment will permit Woodbridge to modernise two manufacturing sites in Ontario, creating more than 100 jobs and maintaining over 700 additional jobs. The company will also establish a Center of Excellence, where it will invest and centralise its global research and development activities in advanced materials and product design of moulded foam products. This will allow for more intellectual property to be developed and retained in Canada and expand the company’s collaboration with high schools and post-secondary institutions, said Woodbridge.
“With the support of the Canadian government, this significant investment will result in world-class manufacturing capabilities and accelerating innovation in our technology advantage,” said Charles Daly, president & CEO, Woodbridge. “We view this as an investment in our global competitiveness, supporting our purpose to create and sustain rewarding jobs, as we prepare for the future of the global automotive industry.”
Woodbridge is a provider of foam technology specialising in fully-integrated systems and solutions. The privately-owned company is offering material technologies for applications in automotive, commercial, recreational, packaging, healthcare and building products. In addition to its manufacturing operations, Woodbridge offers a full complement of services including: chemical research and development, product and process engineering, tooling, technical support and accredited laboratory testing. The company operates more than 60 facilities across ten countries, employing over 7,500 people.