Woodbridge Foam to spend $100M on upgrades, new r&d centre in Ontario
Minister of Innovation, Science and Economic Development Navdeep Bains announced the funding Tuesday morning.
The company and government said in a joint news release that the supplier “will modernize two of its plants with state-of-the-art manufacturing facilities and create a Centre of Excellence, where it will centralize its global research and development activities in advanced materials and product design of molded foam products, such as car seats and armrests.”
“This significant investment will result in world-class manufacturing capabilities and accelerated innovation in our technology advantage,” Woodbridge CEO Charles Daly said in a statement. “We view this as an investment in our global competitiveness…as we prepare for the future of a rapidly changing global automotive marketplace.”