A Waterloo company has received some federal funding to help build more fuel-efficient vehicles in Tecumseh.
Minister of Innovation, Science and Economic Development Navdeep Bains announced on Friday that six companies are sharing in $11.5-million to develop lighter vehicles that produce less air pollution and emit fewer greenhouse gases that cause climate change.
Tyromer Inc, a start-up company out of the University of Waterloo, is getting up to $3.4 million to open a facility in Oldcastle.
It will recycle scrap rubber from old tires and auto rubber scrap to produce automotive door and window seals and underhood plastics.
Tyromer CEO Sam Visaisouk says the facility in Oldcastle at 5160 Hennin Dr is currently under renovations but when it opens it will create jobs
"We typically run four shift in manufacturing and each shift will take about three people and a supervisor and administration so probably 16-18 jobs," says Visaisouk
He says it was a no-brainer to expand in Windsor-Essex.
"It is across from Detroit and there is a lot of interest from Detroit," he says. "It is much easier for them to come across the river than drive up to Kitchener."
Equipment is expected to arrive in August and production should begin in January.
The funding is part of the Automotive Supplier Innovation Program.