With Government of Canada support, Precision Stamping Group scales up operations, boost competitiveness and creates several skilled jobs in the region
February 12, 2020 – Windsor, Ontario
As the “automotive capital of Canada,” Windsor-Essex is rooted in more than 100 years of automotive manufacturing expertise, including a leading automotive manufacturer poised to evolve, innovate and compete to attract global business.
Precision Stamping Group (PSG) is a local leader in the metal stamping auto sector. This company is working hard to find solutions to the challenges they are facing to grow in our local market. They are trying to find ways to compete with US companies that have a geographic advantage over them when quoting new metal stamping and assembly work. With growth plans underway, this community-oriented manufacturer is working hard to better position themselves to compete in this global automotive market.
Today, Mélanie Joly, Minister of Economic Development and Official Languages, along with Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages, and Irek Kusmierczyk, Member of Parliament for Windsor–Tecumseh, met with leaders of PSG to better understand the needs and challenges unique to their Windsor-Essex advanced manufacturing businesses.
Minister Joly announced a zero interest loan totaling $4 million to support the scale up and growth plans of the Precision Stamping Group.
This zero interest loan will generate several million dollars in new sales for the Precision Stamping Group and add a second shift to their Windsor based metal stamping operation, while creating new opportunities for local employment.