Province Invests in Manufacturing to Boost Regional Economy
Ontario supports more than $50,000,000 surge into Southwestern Ontario economy with $5,000,000 from Regional Development Program
OXFORD — The Ontario government is supporting an investment of $50,900,000 by Federal White Cement Ltd. in Zorra Township to strengthen the regional manufacturing sector and attract new investments to the local economy while supporting the province’s economic growth. The province is investing $5,000,000 through the Regional Development Program, which will help create up to 15 new jobs and retain 89.
Today, Ernie Hardeman, Member of Provincial Parliament for Oxford, announced Federal White Cement is receiving $5,000,000 to undertake a significant expansion and transformation of its current operations to increase production capacity, become more energy efficient and to diversify its product mix.
“Since taking office, our government has sent a clear message that Ontario is open for business and open for jobs,” said MPP Hardeman. “We’re creating an environment where businesses can focus on what they do best — developing great products and services and building successful companies. It’s great to see Federal White Cement invest in new technology and grow their market share while creating jobs and boosting the economy of Oxford and Ontario.”
Federal White Cement Ltd. (FWC) is the 8th largest producer of white cement in the world and the only white cement producer in Canada (one of only 3 in North America).
Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.