Concord: FedDev Ontario is contributing nearly $2.5 million for Global Plas Inc. to expand operations and incorporate advanced robotics and automation to meet client demand in new and existing markets.
Global Plas Inc., a supplier of molded plastic parts to Tier 1 automotive manufacturers, has undertaken a facility expansion to scale up and increase competitiveness in global markets. FedDev Ontario’s contribution has allowed Global Plas Inc. to renovate its new 71,000-square-foot facility, add new production lines, and install four injection molding machines and automation equipment. The company expects to add 50 new high-quality jobs to the York region.
The company is currently delivering on a five-year contract with Toyota Canada Inc. to manufacture door and fender parts for the all-new Toyota RAV4. With production increasing to 480,000 sets per year, Global Plas Inc. is purchasing a higher volume of raw materials, which positively affects the automotive parts supply chain across southern Ontario.
“Canada’s automotive industry plays a key role in our economy. Investing in companies in this industry, like Global Plas Inc., boosts our economy, strengthens our competitiveness and creates good, well-paying jobs for Canadians,” said Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario.
Quick Facts
- Established in 2010, Global Plas Inc. is a Tier 2 manufacturer of interior, exterior and under-the-hood plastic components for Tier 1 automotive suppliers, with a diverse customer base in Canada, the United States and Japan.
- Global Plas Inc.’s expansion project has combined its existing 55,000-square-foot manufacturing facility with its newly acquired and adjacent 71,000-square-foot manufacturing facility in Concord.
- The Toyota RAV4 is Canadian-made at its primary manufacturing location in Woodstock, Ontario.
- This year marks 10 years of FedDev Ontario delivering funding and business services to support innovation and growth in southern Ontario.