April 24, 2015 – London, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
Starlim North America Corp. will be upgrading and expanding its manufacturing capabilities and services with the support of up to $4 million announced today by Minister of State (Science and Technology) Ed Holder.
FedDev Ontario’s repayable contribution, through the Investing in Business Growth and Productivity initiative, is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
Starlim North America Corp. manufactures silicone parts for use in the automotive, life sciences and industrial sectors. This project will support the company’s plans to increase its manufacturing capabilities for these sectors and diversify into new sectors, such as food packaging, energy and electrical.
The company’s project will include purchasing new, advanced manufacturing equipment and building an extension to its 70,000-square foot facility in London. The FedDev Ontario investment will allow the company to introduce new technologies that will boost the company’s competitive standing and capacity to further diversify in global markets.
- Starlim North America Corp. manufactures silicone products ranging from pistons used in intravenous (IV) sets and o-rings (ring-shaped seals) for dialysers (artificial kidneys) for the medical device sector; seal solutions for the auto sector and seals for the solar industry
- The company is recognized as a world leader in manufacturing liquid silicone products.
- This project is expected to create up to 20 full-time, high-quality jobs by 2018 and additional job growth within two years of project completion.
- Starlim North America Corp. will leverage almost $15 million in funding for this project
- Investing in Business Growth and Productivity funding is currently available for eligible small- and medium-sized enterprises and not-for-profit industry associations or regional economic development organizations.
- Since 2009, FedDev Ontario has committed almost $350 million to an expected 2,100 direct and indirect manufacturing projects.
- What is good for Canadian manufacturers is good for Canadians, as they employ close to 1.7 million people all across the country, in good jobs that pay well.
- Under the Economic Action Plan 2015, the Federal Government will provide manufacturers with a 10-year tax incentive, to boost productivity-enhancing investments and support business growth
“Our government is committed to supporting jobs, growth and long-term prosperity through investments in London’s and South Western Ontario’s manufacturing sector. Today’s announcement will allow Starlim North America to purchase state of the art tools and expand operations to remain competitive in global markets- important investments that will create jobs here in London.”
– Ed Holder, Minister of State for Science and Technology
“As a world leader in the manufacture of liquid silicone injection molded parts, Starlim North America Corporation has built a reputation of providing the market with high volume, high quality parts for over 10 years in Canada. FedDev’s Ontario’s contribution will allow us to expand our production facilities right here in London and continue to design, develop and export quality products around the globe. We are proud to make this investment in London and contribute to the growth of the advanced manufacturing sector in our region. “
– Vijai Lakshmikanthan, Vice President, Starlim North America Corporation
Director of Communications
Office of the Honourable Gary Goodyear
Director of Communications and Parliamentary Affairs
Office of the Minister of State (Science and Technology)