Harper Government Helps Boost Productivity for Automotive Parts Manufacturer in Belleville

BELLEVILLE, ONTARIO--(Marketwired - July 27, 2015) - Federal Economic Development Agency for Southern Ontario
(FedDev Ontario)

Today, the Honourable Gary Goodyear, Minister for the Federal Economic Development Agency for Southern Ontario, along with Daryl Kramp, Member of Parliament for Prince Edward−Hastings, announced an investment of up to $2.175 million for Halla Visteon Climate Control Canada Inc. (Halla Visteon Canada) to launch a new line of thermal engine control parts.

Halla Visteon Canada, a subsidiary of global auto parts supplier Halla Visteon Climate Control, manufactures parts for automotive climate control systems. The company is adopting new technologies and manufacturing processes for one of its Belleville plants where electronic throttle bodies and electronic coolant valves will be produced. These parts are elements of the company's expanded product offering into the thermal and emissions segment of the automotive industry.

The adoption of new advanced technologies has allowed Halla Visteon to reverse its decision to close an underutilized Belleville plant. The company will diversify its climate control products and will be better equipped to respond to the automotive industry demand for new technologies and innovations that improve the fuel efficiency of vehicles.

The repayable contribution is through FedDev Ontario's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.

Quick Facts

• Halla Visteon Canada, established in 1986, employs more than 340 employees at its two facilities in Belleville. The project, which will take place at the College Street plant, is expected to create up to 70 new jobs and maintain 25 existing jobs.
• Halla Visteon Canada is strengthening the automotive sector in southern Ontario by maintaining and strengthening supplier relations with 20 southern Ontario-based companies and adding new suppliers from London and Peterborough to service the new product lines.
• The Harper Government investment will help Halla Visteon Canada leverage an additional $6.525 million in investment.
• The automotive sector is the largest manufacturing sector in Canada, comprising 10 percent of all manufacturing and 13 percent of total merchandise exports.
• The manufacturing sector is a major contributor to Canada's economy, employing more than 1.7 million Canadians, of which nearly 750,000 live in Ontario.
• Since 2009, FedDev Ontario has committed almost $350 million to an expected 2,100 direct and indirect manufacturing projects.

Quotes
"Today's announcement speaks to our Government's commitment to supporting quality manufacturers and strengthening the automotive parts industry in Ontario. This investment will allow Halla Visteon Canada to adapt and meet the future needs of the automotive industry, which will pave the way to economic growth."

• The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

"This funding will help an automotive parts manufacturer build on and enhance its product offerings, but also strengthen its connection to the community. The reversal of the decision to close one of the Belleville plants is a great sign for this community and Halla Visteon Canada's future. I believe in supporting business as they are the backbone of our economy."

• Daryl Kramp, Member of Parliament for Prince-Edward-Hastings

"The funding announced today from FedDev is an integral part of HVCC's efforts to revitalize our operations in Belleville. This support is allowing us to diversify our product offering in the thermal management segment of the auto industry which opens up more opportunities for growth."

• René Veillette, Managing Director for Halla Visteon Climate Control Canada Inc.

Related Products

Speech: Investing in Business Growth and Productivity Initiative Funding Announcement for Halla Visteon Canada

Associated Links

Investing in Business Growth and Productivity initiative

Halla Visteon Climate Control Canada Inc.

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