The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced today an investment of up to $2.175 million for 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 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 industry demand for new technologies and innovations that improve the fuel efficiency of vehicles.
“This funding will help an automotive parts manufacturer build on and enhance its product offerings, but also strengthen its connection to the community,” said Daryl Kramp, an MP for Prince–Edward–Hastings. “The reversal of the decision to close one of the Belleville plants is a great sign for this community and Halla Visteon Canada’s future.”
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.