Ontario Welcomes $8.4 Million in Manufacturing Investments

September 5, 2023

Ontario Welcomes $8.4 Million in Manufacturing Investments
Local manufacturing expands to create 30 good-paying jobs in Cobourg

The Ontario government is welcoming two new investments totalling $8.4 million by Cobourg manufacturing companies Beneco Packaging and Custom Plastics International Limited. These investments will increase the production of made-in-Ontario products and create 30 new, good-paying jobs in Cobourg.

“With over 820,000 workers, manufacturing employment in Ontario is now at its highest level since December 2008,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We continue to create the right conditions for local manufacturers to grow and create more good-paying jobs in communities across the province. Thank you, Beneco Packaging and Custom Plastics International Limited, for choosing Ontario and contributing to our growing manufacturing sector.”

Vic Fedeli,
Minister of Economic Development, Job Creation and Trade

Beneco Packaging, a wholesale packaging firm, is investing $7 million to purchase new automated equipment that will expand their product line and increase and speed up production. The new equipment will help the company meet growing domestic and international demand for a wide range of packaging products. As part of this investment, Beneco Packaging will receive $500,000 in funding through the Regional Development Program’s Eastern Ontario Development Fund.

“The Eastern Ontario Development Fund is significantly boosting our growth, enabling operational expansion and rapid response to customer demands,” said Carol Jiang, President of Beneco Packaging. “This support is facilitating the integration of cutting-edge technology, enhancing efficiency, while advanced training programs empower our workforce and amplify regional economic vitality.”

Carol Jiang,
President of Beneco Packaging

In addition, Custom Plastics International Limited, a family-owned, injection molding company, is investing over $1.4 million to add new production lines and automation to their Cobourg facility. The new lines and automated equipment will increase productivity and efficiencies and help the company expand to new markets. As part of this investment, Custom Plastics will receive $217,050 in funding through the Regional Development Program’s Eastern Ontario Development Fund.

“Custom Plastics is excited to announce that we are receiving support from the Regional Development Program to embrace automation and enhance efficiency on the factory floor,” said Jim Majury, Vice President and General Manger at Custom Plastics. “This investment will enable us to design flexible automation cells that can be used throughout the plant, promoting efficiency and adaptability. Our investment in collaborative robots is yielding improved throughput and efficiencies while promoting safety and improving job satisfaction for our employees.”

Jim Majury,
Vice President and General Manger at Custom Plastics

Ontario is investing $140 million through its Regional Development Program to help companies across the province grow and expand. To date, Ontario has provided over $100 million to support more than 90 projects through the program, leveraging over $1 billion in new investments and helping to create more than 2,100 jobs in the province. Applications for the latest round of the Regional Development Program’s Eastern Ontario Development Fund are open until October 5, 2023.

Quick Facts

  • The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Through this program, businesses and municipalities can get financial support and guided access to a range of complementary services and supports.
  • In 2022, the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. This stream supports Ontario advanced manufacturers across the province, including those in the automotive, aerospace, chemical, life sciences and steel sectors, to invest in the equipment, technologies and skilled workers they need to grow, improve competitiveness and create jobs. Applications are open until September 14.
  • As part of the 2023 Ontario Budget, the government introduced the Ontario Made Manufacturing Investment Tax Credit, which provides a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.

Quotes

“The Regional Development Program’s Eastern Ontario Development Fund is critical to Ontario’s workforce and manufacturing industries. The Ontario government is proud to support local manufactures, like Beneco Packaging and Custom Plastics International Ltd as they expand and create better-paying jobs for workers in our community.”

David Piccini
MPP for Northumberland – Peterborough South

Source

Related Article

Ontario Welcomes $5 Million Manufacturing Investment

The Ontario government is welcoming a $5 million investment by Macrodyne Technologies Inc., North America’s largest manufacturer of hydraulic presses and automation systems, equipment used by manufacturers in over 40 industries to shape and mould materials such as metal, plastic, rubber and wood.

Related Articles


Latest Articles

  • Comparing maxon EC-i vs ECX Motors: Which One Fits Your Design?

    August 19, 2025 The choice between maxon’s EC-i and ECX motor series depends on whether the application prioritizes torque or speed, rugged durability or quick responsiveness, and high load-handling capability or low-inertia performance. Both maxon product lines use brushless DC motor technology but are engineered with distinct rotor architectures and performance envelopes. This comparison outlines… Read More…

  • ABB Invests in Made in Canada with Installation Products that Electrify Our World 

    August 18, 2025 By Krystie Johnston  ABB recently announced their plan to build a new R&D and manufacturing facility in Canada. It will combine their existing facilities in Iberville and Saint-Jean-sur-Richelieu to increase production capacity and support future growth in key sectors across Canada like utilities, energy, and infrastructure. Michael Shenouda, Canada Region Leader –… Read More…


Featured Article

Revolutionizing Material Movement with Autonomous Mobile Robots

Revolutionizing Material Movement with Autonomous Mobile Robots

In today’s fast-paced manufacturing and logistics industries, the need for efficient and flexible material movement solutions has never been greater. Traditional methods like conveyor systems, forklifts, and manual pushcarts have served us well, but they come with limitations.

That’s why Omron is thrilled to announce the launch of their game-changing MD Series of Autonomous Mobile Robots (AMRs). Read more


Products

  • Remote Display Unit Type EXCRDU2 from Lovato Electric

    August 26, 2025 LOVATO Electric expands its range of accessories for soft starters and variable speed drives with the new EXCRDU2 remote display unit. It is compatible with LOVATO Electric soft starters ADXL series and ADXNP type, as well as variable speed drives VLB series, equipped with an optional RS485 port. Up to 32 devices can be connected to the same unit, even… Read More…

  • Battery Modules with Lithium Iron Phosphate Technology from Phoenix Contact

    August 26, 2025 With the new lithium battery modules with IQ Technology, Phoenix Contact is expanding its portfolio with powerful energy storage solutions with a capacity of 284 Wh. The modules impress with their exceptionally high energy density and lightweight design – ideal for demanding industrial applications. In combination with the Quint4 UPS, they enable intelligent battery management that… Read More…