Turning The Corner By Transforming Good Ideas Into Great Jobs In Cobourg
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.
- 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.
“Ontario's economy is turning the corner because all around the province companies like Horizon Plastics are transforming their good ideas into great jobs. Horizon has taken a fresh look at making plastic products - and the results will be exciting new markets, new economic growth and good new jobs.”
“We're proud to be home to game-changing companies like Horizon Plastics. They demonstrate how innovation is building our quality of life and bringing high quality jobs and growth to Northumberland and its people.”
“Our team at Horizon Plastics is excited, energized, and eager to use the support we are receiving in order to develop and produce new, innovative products which will support high paying manufacturing jobs that are an important element of our community.”