July 27, 2015 – Belleville, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Today, the Honourable Gary Goodyear, Minister for the Federal Economic Development Agency for Southern Ontario, along with Daryl Kramp, Member of Parliament for Prince Edward−Hastings, announced an investment of up to $2.175 million for Halla Visteon Climate Control Canada Inc. (Halla Visteon Canada) to launch a new line of thermal engine control parts.
Halla Visteon Canada, a subsidiary of global auto parts supplier Halla Visteon Climate Control, manufactures parts for automotive climate control systems. The company is adopting new technologies and manufacturing processes for one of its Belleville plants where electronic throttle bodies and electronic coolant valves will be produced. These parts are elements of the company's expanded product offering into the thermal and emissions segment of the automotive industry.
The adoption of new advanced technologies has allowed Halla Visteon to reverse its decision to close an underutilized Belleville plant. The company will diversify its climate control products and will be better equipped to respond to the automotive industry demand for new technologies and innovations that improve the fuel efficiency of vehicles.
The repayable contribution is through FedDev Ontario's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
Erica Furtado
Director of Communications
Office of the Honourable Gary Goodyear
613-943-7599
Media Relations
FedDev Ontario
416-954-6652
FedDevOntarioMediaRelations-RelationsMedias@feddevontario.gc.ca
Toll Free: 1-866-593-5505
Website: www.FedDevOntario.gc.ca
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