Martinrea International invests $35M in Ridgetown, Ontario facility, adding a 3000t stamping press by early 2025.
Martinrea International, an automotive supplier, plans to invest $35M in its Ridgetown, Ontario facility, adding a 3000t stamping press for larger, complex parts like body-in-white components, battery enclosures, and chassis parts. The project supports Martinrea's growth strategy in North America and enhances production efficiency, minimizing waste and energy consumption. The new press is set for completion in early 2025.
June 06, 2024
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