FedDev Ontario boosts Tillsonburg stamping and assembly company

Tillsonburg, Ont.-based Marwood Metal Fabrication Ltd. will benefit from up to $4.27 million in funding to adopt innovative technologies and increase productivity.

This FedDev Ontario investment was announced by Peter Fragiskatos, Member of Parliament for London North Centre, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, the week of March 1.

Marwood Metal Fabrication Limited, an award-winning metal stamping and assembly company operating as a Tier 1 supplier to the automotive industry, is receiving the money to invest in advanced hot stamping and press technologies, process improvements and facility expansion to accommodate new equipment. The project is expected to create 70 full-time jobs by project completion.

“With this FedDev Ontario funding, Marwood Metal Fabrication Limited is adopting advanced production technologies and expanding our facility in Tillsonburg,” said Chris Wood, president and CEO of Marwood. “This is vital to our continued growth and to remain competitive in the automotive industry.”