FedDev Ontario invests over $1.6 million for MVA Stratford and Armo Tool to adopt advanced technologies and enhance competitiveness
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.
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 Tarriff Response Initiative, to support businesses impacted by tariffs across all affected sectors, including those in the automotive sector.
Today, Peter Fragiskatos, Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship and Member of Parliament for London Centre on behalf of the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced a combined investment of over $1.6 million for two auto manufacturers to modernize their operations and enhance their competitiveness in response to tariff-related market volatility.
This includes an over $886,000 investment in Canadian manufacturer MVA Stratford, to modernize its core production lines through the adoption of new specialized equipment that will strengthen competitiveness and position the company to explore opportunities beyond the U.S. market.
London-based manufacturer, Armo Tool, is receiving an investment of $750,000 to enhance its tooling and manufacturing capabilities, which will bring diversification opportunities in new markets.
Through the Regional Tariff Response Initiative, businesses impacted by tariffs are receiving targeted support to respond to changing market pressures, move forward with modernization efforts, and stay competitive in a rapidly evolving industry. These investments help key sectors, like the automotive sector, continue to play a strong role in Canada's economy.
The Government of Canada is committed to investing in technologies and capabilities that bolster resilience, address tariff pressures, and strengthen the automotive industry of tomorrow.
