WOODSTOCK, ontario – The federal government has awarded North American Stamping Group (NASG) Canada Inc. approximately $2.5 million to expand capacity at their auto parts facility in Woodstock, Ontario.

The funding, which is part of the FedDev program, was announced by local Member of Parliament, Dave MacKenzie. It will make up a portion of the overall $10.9 million cost of the expansion project.

“Our Government is committed to supporting the growth of the manufacturing industry, stated MacKenzie.

This investment in NASG Canada Inc. will bring skilled manufacturing jobs back to southern Ontario, create long-term stability for Woodstock, and support an important sector of Canadas export economy.

Currently, NASG Canada outsources its tool and die work internationally, but it is estimated this project could create up to 65 skilled jobs locally.

Some of the planned initiatives under the expansion are the creation of a tool and die operation at the establishment of in-house research and development (R&D).

As a result, the company expects to produce more cost-effective and higher quality prototypes for its clients.

The new capacity for R&D will enable NASG to design and develop components that use lighter materials, improving fuel economy.

We are very appreciative of the Governments support of this project, and their understanding of the challenges that the Canadian manufacturing industry faces, said Fred Gehring, General Manager, NASG Canada.

The decision to expand our Canadian operation, with the addition of our tool and die business unit, is a direct reflection of the confidence we have in our associates.

NASG is a wholly owned subsidiary of Cambridge Investments Inc, based in Oakville, Ontario.