LONDON, Ont. (CP) - A Korean company which manufacturers stainless steel automotive exhaust tubes is a step closer to building a plant in London, Ontario.
It will be C.S. Automotive Tubing's first North American plant.
The city has accepted an offer from C.S. Automotive Tubing to buy 2.6 hectares of land to build a plant that will employ up to 50 people.
The $422,500 sale must still be approved by city council on Monday. The company is expected to comment once the sale is approved.
Toyota's $1.1-billion assembly plant being built in Woodstock will open next year and employ 2,000 people. That mega-project has spurred plans for new parts plants across the region.
Other recent plant announcements include Takumi Stamping Canada, which will employ about 100 people in St. Thomas, and in Simcoe, a 250-worker Toyotetsu parts plant. (London Free Press)