Ontario Construction News staff writer
Starlim North America Corp., a liquid silicone injection molding company will be investing $10.4 million to expand the site.
“Thanks to investments from companies like Starlim, we can be confident that our targeted approach to fostering stability and growth across Ontario’s economy is working,” said Minister of Economic Development, Job Creation and Trade Vic Fedeli.
Starlim produces 60 unique silicone components for the health care, mobility, automotive and consumer goods industries. This investment will support the company’s addition of a new curing oven and cleanroom, and new manufacturing equipment for their London plant.
The project was awarded $1.3 million in through the Regional Development Program’s Southwestern Ontario Development Fund and $1 million from the Ontario Together Fund, which provides financial support to organizations with projects geared towards advancing health care resiliency and developing innovative medical technologies.
“This strategic investment will allow us to meet the needs of the growing medical device sector by implementing a manufacturing process that is first of its kind,” Vijai Lakshmikanthan, Starlim North America Corp.’s CEO, said a statement. “We have been working with our customer for over two years to bring this innovation to our plant in London.
In the 2023 provincial budget, the Ontario Made Manufacturing Investment Tax Credit was created to provide a 10 per cent refundable Corporate Income Tax credit to help local manufacturers lower their costs, invest in workers, innovate and become more competitive.
“The investment in the expansion of Starlim North America Corp.’s London facility is a great example of Ontario’s readiness to support business and manufacturing,” said Rob Flack, MPP for Elgin-Middlesex-London.