Ministry of Economic Development and Growth
Province Investing in Manufacturing
Elora, ON – Mar 13, 2017
Ontario is partnering with Polycorp Ltd. to support a multi-million dollar expansion at the company’s manufacturing facility in Elora, creating 26 new jobs and retaining 146 positions.
Polycorp is a leading Canadian designer and manufacturer of engineered rubber products that mitigate risk associated with corrosion, abrasion, impact, noise and vibration for a variety of applications in the transportation, mining and protective linings industries. The company serves customers in 38 countries worldwide.
With support from Ontario’s Jobs and Prosperity Fund, the company is investing to purchase new equipment, create a testing laboratory and expand its manufacturing facility. This will help boost productivity and competitiveness, increasing exports and revenues.
Strengthening Ontario’s manufacturing sector is part of our plan to create jobs, grow our economy and help people in their everyday lives.
“I’m proud our government is making investments like these that will help expand Ontario’s manufacturing sector. Polycorp is a major employer in this community, and this investment will help bring more jobs to Elora.”
MPP for Guelph