Ontario is partnering with Dajcor Aluminum Ltd. to invest in technology and grow its business, creating 35 new jobs and retaining 140 positions in Chatham.
Dajcor designs and manufactures extruded and fabricated aluminum components used in numerous applications including automotive, marine, construction, bathroom fixtures and sliding door runners.
With just over $1 million in support from the Southwestern Ontario Development Fund, the company is investing in new state-of-the-art fabrication equipment that will increase capacity and efficiency while also enabling Dajcor to expand into new markets with more technically demanding components.
Examples of new business opportunities that Dajcor is exploring because of this investment include components for light rail transit door assemblies, ventilation systems, LED light enclosures and high-end furniture tracks.
The project has a total value of just over $10.2 million and is scheduled for completion by the end of 2018.
“This project with Dajcor illustrates exactly why Ontario’s regional investment funds are so important,” stated Brad Duguid, Minister of Economic Development and Growth.
“Through strategic partnerships, we can help ambitious and innovative companies enhance their technology and move up the value chain. This is essential for Ontario’s manufacturing sector to stay ahead in a fiercely competitive global market.”
“Dajcor’s ‘All Under One Roof’ approach sets us apart by combining design, extruding, fabricating/machining, and anodizing,” stated Mike Kilby, President and Owner, Dajcor Aluminum Ltd.
“This enables our team to deliver lower production costs, superior quality control, and some of the shortest lead times in the industry. This investment in new technology continues Dajcor’s evolution and adds even greater flexibility and technical capabilities for our valued customers.”
The Southwestern Ontario Development Fund is helping to create jobs and diversify the economy by encouraging regional businesses to pursue innovation and new markets. It was modelled on the proven Eastern Ontario Development Fund. Together these two funds are helping to create and retain more than 44,000 jobs and attract approximately $2 billion in investment.
The funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remainder from its own resources.
– Photo credit: Chatham-Kent
