Martinrea invests $35M to expand Ridgetown, Ontario facility with 3000T press

Martinrea International Inc. announced plans to invest nearly $35 million to expand its 100,000-square-foot facility in Ridgetown, Ontario, adding a new SIMPAC 3000 metric ton stamping press for larger and more complex automotive parts. The project is slated for completion by early 2025.

“Martinrea International Inc. today announced plans to invest nearly $35 million to expand its 100,000-square-foot facility in Ridgetown, Ontario with a new addition to house a new SIMPAC 3000 metric ton stamping press.”martinrea.com

• 2 sources
• martinrea.comMartinrea Invests Nearly $35 Million To Expand Ridgetown, Ontario Facility, Adding 3000T Stamping Press For The Production Of Larger And More Complex Automotive Parts – Martinrea InternationalZereen AliJun 6, 2024
• chathamvoice.comBIZ VOICE: $35M expansion at Ridgetown Martinrea | The Chatham VoiceMike BennettJul 4, 2024

Summarized from public sources; check the original articles before acting on it.