Government of Canada invests in leading auto-parts manufacturer to support electric vehicle supply chain

News release

$5-million Government of Canada investment for Concord manufacturer to green operations and create 65 jobs

May 25, 2023 – Concord, Ontario

The automotive sector in Ontario is a key economic driver for all of Canada. Investing in battery, electric and zero-emissions vehicles ensures that this region continues to be at the forefront of this growing industry, and will help Canada achieve net-zero emissions by 2050.

Today, during Economic Development Week, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), joined by Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge, and Majid Jowhari, Member of Parliament for Richmond Hill, announced a $5-million investment for ArcelorMittal Tailored Blanks Americas Limited (AMTB), a leading steel manufacturer of lightweight auto parts. Its steel, which is used in cars, electric vehicles, appliances and buildings, is made with innovative processes that use less energy, and reduce carbon footprint and cost.

With this investment, AMTB will modernize its equipment and technologies to fully transition its Concord facility from producing fuel-powered vehicle components to 100 percent Electric Vehicle (EV) components for the automotive industry. This will support the company as they collaborate with many leading EV Original Equipment Manufacturers (OEMs). The project will also create 65 new jobs in Concord.

These advancements will further support AMTB’s cutting-edge capabilities that improve vehicle safety and efficiency and save floor and transportation space, while also reducing the carbon footprint of the manufacturing process and the vehicles built with its products.

The Government of Canada is committed to a net-zero economy, the development of green technologies, clean energy projects and sustainable practices. The auto sector is at the heart of Ontario’s economy and is working alongside our government to help reduce carbon emissions by successfully adapting to a changing climate. AMTB is helping lead the charge to moving towards a more sustainable auto sector which is why investments like this are so important. This important shift is also helping create new jobs and opportunities right across the country.


“Canadian manufacturers are reaching their potential as they support Canada’s transition to a net-zero economy. Today, our government is investing in ArcelorMittal Tailored Blanks Americas Limited as it transitions its Concord facility to support a cleaner, more fuel-efficient future for the automotive sector while creating 65 good, skilled jobs. As we shift to a carbon-neutral economy, we are supporting sustainable manufacturing facilities that will be at the forefront of the industry.”
– The Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario

“Today’s investment is supporting a key local manufacturer as they work hard to enhance capabilities for the future, while also meeting the global demand for EV components. The Government of Canada is committed to helping position our thriving manufacturing sector for a successful future as they grow.” 
– Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge

“Our company is grateful for this government funding, which allows us to expand our production of innovative new products for electric vehicles. This funding directly supports our investment in industry-leading manufacturing equipment, brings new jobs to the area, and marks an exciting step forward in our commitment to help drive a safer and greener tomorrow.”
– Todd Baker, President & CEO, ArcelorMittal Tailored Blanks Americas Limited 

Quick facts

  • Transportation accounts for 25 percent of total greenhouse gas emissions in Canada, which is why the Government of Canada is committed to achieving net-zero emissions by 2050.

  • Incorporated in 1976 and with 286 employees, ArcelorMittal Tailored Blanks Americas Limited is a mid-sized automotive parts manufacturer with facilities in Woodstock and Concord. It is part of ArcelorMittal, the largest steel company in the world, with 260,000 employees in more than 60 countries.

  • AMTB was part of a group of Canadian companies that supported the Automotive Parts Manufacturers’ Association’s (APMA) Project Arrow, the first Canadian-made zero-emissions concept vehicle, in developing a virtual model of the vehicle and co-engineering Multi-part Integration concepts that use AMTB’s innovative laser-welded blanks technology to consolidate many parts into a small number of larger components that reduce the complexity of vehicle assembly. FedDev Ontario provided over $5-million to support Project Arrow.

  • Since 2015, the Government of Canada, through FedDev Ontario, has invested nearly $120 million in more than 230 projects in York, creating over 1,300 jobs and maintaining over 2,700 jobs.

  • Since 2015, FedDev Ontario has invested over $40 million in Electric Vehicle related projects, creating and maintaining more than 400 jobs.

Associated links


Edward Hutchinson
Press Secretary
Office of the Minister responsible for the Federal Economic Development Agency for Southern Ontario

FedDev Ontario
Media Relations



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