# Trans-Mit Steel invests $23M to expand Woodstock facility for EV motor steel

Trans-Mit Steel, a subsidiary of Mitsui & Co., is investing more than $23 million to expand its Woodstock, Ontario facility for precision slitting of thin gauge steel used in EV motors and transformers. The project is supported by over $3 million in Ontario government funding and will create 17 new jobs.

- Type: Expansion
- Announced: 2024-06-11
- Where: Woodstock, Ontario, Canada
- Value: $16.7M (23.0M CAD)
- Jobs: 17
- Status: announced
- Products: precision slit thin gauge steel for EV motors and transformers
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Trans-Mit Steel](https://endata.com/companies/77982.md)
- [Mitsui & Co.](https://endata.com/companies/10710.md) (partner)

## Sources

- [automationmag.com](https://www.automationmag.com/ontario-11m-oxford-county-manufacturers/), 2024-06-11: "Trans-Mit Steel, a subsidiary of Mitsui & Co. (U.S.), specializes in the precision slitting of thin gauge steel products, primarily used for electric vehicle motors and power and distribution transformers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.