Ontario Supporting Over 575 Manufacturing Jobs in Vaughan
Province Partners with Vision Extrusion Group to Upgrade its Facilities
Ontario is partnering with Vision Extrusion Group to invest in new technologies and machinery, creating 76 new jobs and retaining more than 500 positions in Vaughan.
Steven Del Duca, Minister of Economic Development and Growth, made the announcement today at the company's facility in Woodbridge.
Vision Extrusion Group produces a range of building products, transforming plastic polymers into window frames, doors, fencing and railings.
With support from Ontario's Jobs and Prosperity Fund, Vision Extrusion Group is upgrading the company's machinery. It will also invest in new technologies to automate production and reduce waste. The project will enhance the company's efficiency and productivity, technical capabilities and cost effectiveness, and will allow Vision Extrusion Group to remain competitive in the global market.
Ontario's plan to support care, create opportunity and make life more affordable during this period of rapid economic change includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25, and over 65, through the biggest expansion of medicare in a generation.
- Ontario is providing a grant of up to $1.5 million through the Jobs and Prosperity Fund towards an overall project value of $18.2 million. The project is expected to be completed in December 2022.
- Vision Extrusion Group is a member of the Vision Group of Companies, which is a family owned company. Its Vaughan operations include more than 200 extrusion lines, R&D labs, tool and die shops and plastics compounding facilities.
- The Jobs and Prosperity Fund helps secure private sector investment in Ontario, allowing the government to partner with businesses that are creating jobs and enhancing productivity, innovation and exports. Every dollar invested through the fund leverages an average of $10 in private sector investments. Since January 2013, Ontario has committed over $830 million in projects administered under JPF, leveraging over $10.9 billion in total investment. This is helping to create and retain approximately 46,000 jobs.
- As part of the Good Jobs and Growth Plan, Ontario will renew, enhance and extend the Jobs and Prosperity Fund with an increase of $900 million over the next 10 years. The fund will support investments designed to help Ontario’s businesses grow with the aim of creating and retaining over 70,000 jobs in Ontario and leveraging more than $9 billion in private-sector investments.
“Today’s announcement is great news for the residents of Vaughan and the region as a whole. Ontario’s manufacturing sector must continue to invest in technology and innovation to stay ahead in a fiercely competitive global market. Our partnership with Vision Extrusion Group reinforces its growth trajectory, while driving economic growth and creating high value jobs in our province.”
Steven Del Duca
“The investment we are announcing today continues the ongoing evolution of our company as a leader in the manufacturing of building products. By further building our skilled team and adding to our technical capabilities, Vision Extrusion Group can offer even greater innovation and flexibility for our valued customers.”
Vic De Zen