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The Ontario government is welcoming a $44 million investment from Concast Pipe Inc. to build a new manufacturing plant in Oakville.
Concast Pipe Inc. is a leading supplier of precast concrete products and engineering solutions.
The province says Concast will create 15 new good-paying jobs and protect 186 existing positions. It will also deliver on the government’s plan to fortify Ontario’s industrial base and strengthen resiliency across the supply chains.
“As President Trump’s tariffs continue to impact Ontario’s economy, our government is doing whatever it takes to protect workers and businesses,” said Premier Doug Ford.
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“Our government is proud to invest $5 million in this project to help Concast bring advanced manufacturing operations back to Ontario and support 200 local jobs.”
Ontario provided $5 million in funding through the Advanced Manufacturing Innovation Competitiveness (AMIC) stream of the Regional Development Program (RDP).
“Concast’s investment highlights not only the resilience and competitiveness of the province’s manufacturing sector but the importance of fostering a business environment that encourages growth and puts workers first,” said Vic Fedeli, minister of economic development, job creation and trade.
“Through the Regional Development Program, our government is proud to support a company that is strengthening our domestic supply chain and positioning the province for lasting economic success.”
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