The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced a $5-million investment for ArcelorMittal Tailored Blanks Americas Limited (AMTB), a steel manufacturer of lightweight auto parts. AMTB will modernize its equipment and technologies to fully transition its Vaughan facility from producing fuel-powered vehicle components to 100 percent Electric Vehicle (EV) components for the automotive industry. This will support the company as they collaborate with many leading EV Original Equipment Manufacturers. The project will also create 65 new jobs in Vaughan.
Full article: canadianmanufacturing.com