In a significant move to bolster regional industry, the federal government has announced substantial financial support for three manufacturers in Southwestern Ontario. The funding comes at a time when the area's industrial landscape faces uncertainty, highlighted by the idling of the prominent Cami Assembly plant in Ingersoll.
Federal Investment Targets Growth and Jobs
FedDev Ontario, the federal economic development agency for Southern Ontario, is providing a total of $5 million in repayable loans to three local businesses. The announcement was made on Tuesday, December 16, 2025, at the facility of Hydra Dyne Technology in Ingersoll. London West MP Arielle Kayabaga was on hand to deliver the news, emphasizing the government's commitment to supporting the manufacturing sector during challenging times.
"We know there are challenges with manufacturing in Southwestern Ontario, and to see these companies grow and push forward is very encouraging," said Kayabaga. "We are here to support them and encourage other companies."
Meet the Recipients and Their Plans
The three companies receiving funding have each pledged to invest in new equipment and technology, aiming to enhance their competitiveness and create new employment opportunities.
Hydra Dyne Technology, based in Ingersoll, will receive a $2 million loan. The company specializes in building custom hydraulic components for heavy equipment, serving global giants like John Deere and Komatsu, particularly in the forestry sector. CEO Stephan Bohner stated the investment is crucial for maintaining a competitive edge in international markets. "This means we can stay competitive in a very competitive space. We supply manufacturers in the U.S. and around the world," Bohner explained, adding that American manufacturers are already reaching out for 2026.
Future Transfer, located in Tillsonburg, has been allocated $2.5 million. This manufacturer produces equipment for the agricultural sector and plans to use the funds for new machinery.
Melnik Resources in Mount Brydges will get a $530,000 loan to modernize its facility and add a new laser cutter. The company manufactures steel mounts for various industrial applications.
Funding Announced in the Shadow of Cami
The funding announcement carried symbolic weight, as it was made in an industrial park directly across the road from the idled Cami Assembly plant. The General Motors facility, which produced the BrightDrop electric cargo van, was shut down earlier, resulting in the layoff of approximately 1,100 workers.
Local economic development officials welcomed the federal support as a counterbalance to the recent setback. "These are challenging times and we are trying to address what has happened at Cami," said Curtis Tighe, Director of Economic Development for Ingersoll. "It is important to have the support of upper tiers of government to grow manufacturing. Ingersoll is at the centre of Canada’s industrial heartland."
The strategic loans from FedDev Ontario signal a focused effort to diversify and strengthen the manufacturing base in Southwestern Ontario, ensuring its resilience and capacity for innovation even as major automotive operations face turbulence.
