Lopes Ltd. is planning a 12,000-square-foot expansion and the purchase of new equipment that will allow the company to process steel plate in-house.
Ontario Premier Doug Ford announced $1 million in provincial funding for the project during a stop at the Coniston manufacturing facility, located east of Sudbury, on June 19.
The project is expected to help create 20 new full-time jobs and protect another 100 in Northern Ontario.
"Our government was elected to bring good jobs to Northern Ontario," Ford said in a release.
"It's great to see a company like Lopes Ltd. investing here in Coniston – we're sending a clear message to the world that Northern Ontario is open for business and open for jobs."
Lopes’ new equipment will help create finished products that are ready for market, which will increase export dollars while lowering manufacturing costs, the release said. In turn, this will help create new, local jobs and more opportunities for people in Northern Ontario.
"Today's announcement is great news for Coniston and all of Northern Ontario," Ford added. "We're bringing prosperity to long-overlooked communities in the North. We will continue to support local businesses, like Lopes Ltd., that are bringing economic growth to every corner of our great province."
Established in 1976, Lopes Ltd. is a leading advanced manufacturing company offering a variety of services, including fabrication, construction, electrical installation, HVAC, and construction.
It has worked on large, complex projects such as the International Rail Bridge in Sault Ste. Marie.