Turning The Corner By Transforming Good Ideas Into Great Jobs In Cobourg
April 8, 2011 11:20 AM
McGuinty Government Helping Horizon Plastics Create Up To 350 Jobs
Ontario is turning the corner by helping Horizon Plastics International Inc. of Cobourg produce more advanced plastic products, which could create up to 350 new jobs.
Horizon Plastics develops and manufactures custom plastic products for the industrial, environmental and consumer sectors around the world.
The government is helping the company commercialize new technology for producing plastic that uses half the amount of raw material. It also uses less energy, oil, gas and water and creates less waste. The resulting product is strong enough to replace plywood used in boats and RVs.
Supporting made-in-Ontario technologies is part of the plan laid out in Ontario's 2011 Budget — Turning the Corner, to create and support 10,000 new and existing jobs for families and strengthen local economies.
Quick Facts
- Horizon Plastics' strong, lightweight and weather-resistant plastic products can be used in place of wood, metal and concrete.
- Ontario's nearly $2-million investment through the Innovation Demonstration Fund will support the project, worth almost $4 million in total.
- So far, Ontario has recovered 93 per cent of the jobs lost in the recession.
Learn More
- See how Ontario's Budget 2011 is supporting job creation and helping the province's economy to turn the corner.
- About the Innovation Demonstration Fund.
- About Ontario's Innovation Agenda.
Contacts
- Ralph Benmergui
Minister's Office
416-314-7067
ralph.benmergui@ontario.ca - Paul Gerard
MRI Communications Branch
416-325-2479
paul.gerard@ontario.ca
Ministry of Research and Innovation
ontario.ca/innovation