Canadian Federal government invests in six companies in the EV sector
B.S.B. is receiving $1.2 million to seize future growth in the industry with the addition of new automated production equipment and facility upgrades.
BURLINGTON — Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) visited B.S.B. Manufacturing Ltd. (B.S.B), a Burlington-based machined components and parts manufacturer serving the automotive, agricultural and industrial product markets, to meet with employees and learn about the company’s ongoing shift to manufacture parts for electric vehicles. Minister Tassi was joined by Pam Damoff, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs) and Member of Parliament for Oakville North–Burlington.
To support this transition, B.S.B. is receiving $1.2 million to seize future growth in the industry with the addition of new automated production equipment and facility upgrades. This will increase the company’s capacity to produce EV and hybrid vehicle components and fulfill new contracts within the EV industry.
This funding is part of a combined investment of more than $12 million to help six manufacturers scale up EV production: B.S.B. Manufacturing Ltd., Can Art Aluminum Extrusion Canada Inc., Clover Tool Manufacturing Ltd., CMP Automation Inc., Electrovaya Inc. and Marwood International Inc. By expanding production capabilities and adopting new equipment, Ontario companies are meeting the growing demand for innovative production capabilities to feed the EV supply chain. Additional information on these projects is included in the backgrounder.
“Southern Ontario has a rapidly growing EV sector and is home to many leading manufacturers across the EV supply chain that are using their expertise and talent to drive our EV sector forward. The Government of Canada is committed to supporting these companies as they help Canada to make progress towards its goal of reaching net-zero emissions and build a competitive EV sector in the region,” said Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
“The federal government is taking steps to help Canadians, businesses and communities adapt to climate change while making life more affordable on the path to net-zero. Today’s announcement highlights not only the resilience of this region, but also the strength of the manufacturing sector throughout southern Ontario,” said Pam Damoff, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs) and Member of Parliament for Oakville North–Burlington.
