ONTARIO INVESTS IN INNOVATIVE, COMPETITIVE AUTO PARTS SECTOR

Investment Update – January 2006
Toronto, Ontario

ONTARIO INVESTS IN INNOVATIVE, COMPETITIVE AUTO PARTS SECTOR

$100 Million Nemak Investment Secures High Value Jobs

WINDSOR — The McGuinty Government is investing in Nemak of Canada Corporation’s project to launch a new innovative engine block process from Ontario, announced Economic Development and Trade Minister Joseph Cordiano.

“This investment is just one more example that Ontario’s auto industry is strong and innovative,” said Cordiano. “Thanks to our highly skilled workers, and the McGuinty government’s aggressive auto strategy, we are attracting an unprecedented level of investment and giving our anchor industry the tools it needs to stay competitive for years to come.”

Nemak’s $100 million investment cements and expands the company’s presence in the province and anchors hundreds of high-value jobs at its Windsor Aluminum Plant. Nemak will expand its Windsor facility to almost twice its existing size to accommodate orders for its new aluminum engine block.

Ontario’s $6 million investment in the project will help the company significantly expand its market base. The new innovation means Nemak’s engine block can be used in more engine families, a move that will drive the company’s global competitiveness. Nemak will undertake extensive research and development and engineering activity and workers will receive intensive training to manage the new engine block.

“This project introduces an important new manufacturing process to North America, which gives Ontario’s parts industry a competitive advantage,” said Cordiano. “When Ontario can be the first out of the gate with new advances like this we strengthen our global competitiveness and keep more high-value jobs in the province.”

The new engine blocks, produced for major auto assemblers, will allow the company to significantly increase productivity and efficiency. Far more engines will be produced in the same amount of time once the new process is operational at the Windsor plant. The project will further strengthen the company’s partnership with St. Clair College and the University of Windsor on R&D and technology exchange.

Ontario’s successful automotive investment plans have leveraged more than $5.5 billion in new automotive investments in the province and anchored thousands of well-paying, high-value jobs for Ontario workers.

Contacts Presse:

For France and UK :
IRIS CONSEIL
Christine Arnal
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