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AMTB Factory

Federal government invests in Vaughan-based auto parts manufacturer, AMTB to bolster EV supply chain

“Canadian manufacturers are reaching their potential as they support Canada’s transition to a net-zero economy. Today, our government is investing in ArcelorMittal Tailored Blanks Americas Limited as it transitions its Concord facility to support a cleaner, more fuel-efficient future for the automotive sector while creating 65 good, skilled jobs.
Categorized in: Advanced Manufacturing, Automotive & Auto Tech, Business, Government Funding, Major Investments Posted on: Last updated on: Written by:
AMTB Factory

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