Molded Precision Components receiving federal grant to expand, recognized for employing local youth

Local success story continues to grow

A local manufacturer thriving during the COVID-19 pandemic is getting a big boost from the federal government.

Early in the pandemic, Molded Precision Components (MPC) in Oro-Medonte retooled and began producing face shields to help combat the virus. With a strong collaborative partnership with Georgian College, MPC is gaining recognition from the federal government for supporting youth employment and is on the receiving end of a $2.9 million grant to expand further.

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With the company’s shift in production, MPC was able to keep its team of 55 and hire another 40 permanent staff, along with 65 student positions since March. It has since produced over 27 million face shields. “We are very proud of Canadian companies like Molded Precision Components that are answering the call to action to provide critical support to our country during this fight against COVID-19, all while supporting youth employment and creating skilled jobs in our communities,” said Mélanie Joly, Minister of Economic Development. “I am pleased to announce our support for this company that is committed to helping youth in their community succeed.”

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The company will use the funding via the Federal Economic Development Agency for Southern Ontario to expand its facility. Another 45,000 square feet is expected to be added as MPC also plans to purchase three new injection molding systems over the next four years. The special hardware helps produce complex molded parts for the medical and automotive industries twice as fast as the traditional method.