Thanks to the federal government, NextGen Mold Technologies can invest in advanced machining technology and automation to unlock new opportunities
Canada has one of the most productive and innovative automotive sectors in the world, supported by a highly skilled workforce, a strong industrial base, and decades of leadership in advanced manufacturing.
To sustain that leadership, the Government of Canada is focused on supporting the suppliers and manufacturers who form the backbone of this sector-helping them navigate tariff pressures, strengthen their operations, and enhance competitiveness in a rapidly evolving global market. Canada's mold and machining industries are a key component of this.
Today in Windsor, the Honourable Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions), visited NextGen Mold Technologies to learn about its advanced machining technology that specializes in the manufacturing of plastic injection and compression molds. While there, the Secretary of State announced a recent investment by the government of up to $700,000, through the Regional Tariff Response Initiative, to help the company modernize its advanced machining and automation technology. Through this investment, NextGen Mold Technologies will be able to enhance its manufacturing capabilities and efficiency. This project will support market diversification and strengthen the economies of Ontario and Canada, including supporting many sectors, including our auto industry.
The Government of Canada's new auto strategy, launched by the Prime Minister, will ensure a stronger, more sustainable, more independent economy built on the solid foundation of strong Canadian industries and bolstered by diverse international trade partners. It contains strategic measures, including the investments through the Regional Tariff Response Initiative, to support businesses impacted by tariffs across all affected sectors, including those in the automotive sector.
Funding for this project will come from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Through investments like these, the Government of Canada is protecting Canadian workers, reinforcing the competitiveness of Canadian businesses, and building the strongest economy in the G7.
