Aalbers Tool & Mold is growing. The company announced that they have partnered with the government of Ontario to grow its business and create 33 new jobs while retaining 106 existing positions in the town of Oldcastle.

Photo: Aalbers Tool & Mold

The investment we’re announcing today builds on our more than 30 years in business at Aalbers Tool & Mold. This new equipment and the resultant technical training further enhances our employees’ technical capabilities and competitiveness, coupled with offering reduced lead times and advanced flexibility to our customers, says Gary Aalbers, Chief Executive Officer, Aalbers Tool & Mold Inc.

Along with that, is the opportunity to further strengthen and enhance our workforce, as the new equipment will not only offer a wider range of opportunities for Aalbers Tool & Mold, but also open new and exciting opportunities to develop our business with new industry sectors.

With almost $1 million in support from the Southwestern ontario Development Fund, the company is investing in new state-of-the-art machinery and employee training that will enhance productivity and competitiveness.

This investment will help Aalbers Tool & Mold diversify into new markets, create new jobs and further contribute to Ontario’s overall competiveness, explains Brad Duguid, Minister of Economic Development, Employment and Infrastructure. A strong manufacturing supply chain is essential to our government’s ongoing efforts to secure anchor investments in the province’s key industrial sectors including automotive and aerospace.

Aalbers designs and manufactures precision components for the automotive and consumer goods industries. The project will help the company pursue new opportunities in ontarios growing aerospace sector.