Prodomax Automation is getting a financial endorsement from the provincial government.
Ontario will invest $233,800 in the Barrie industrial engineering firm through the Southwestern Ontario Development Fund. Prodomax will use the money to expand its current facility, invest in state-of-the-art equipment, and improve production. These enhancements will allow the company to expand its product line and take on more business.
“Prodomax is a valued member of our business community,” Barrie MPP Ann Hoggarth said in an announcement at the Welham Road plant Sept. 22.
Two other local companies received money through the fund last year, she said.
he funds cover up to 15 per cent of eligible project costs, with the recipient company funding the remaining amount. This expansion has created 20 new full-time jobs.
Prodomax designs complex manufacturing production systems for automotive companies. It is one of the largest automation integrators in North America, having delivered over a billion dollars in equipment since 1971. Its customers then build parts for companies, including Chrysler, Ford, GM, Mercedes, BMW and Volkswagen.
“Our company has come a long way since it was founded in a Barrie garage,” Prodomax co-CEO Carolyn McGoey Garvey said. “We’ve put the funds to great use. They help us compete against the best in the world.”
By Chris Simon, Barrie Advance
September 22, 2017