Martinrea Invests Nearly $35 Million to Expand Ridgetown, Ontario Facility, Adding 3000t Stamping Press for the Production of Larger and More Complex Automotive Parts

TORONTO, June 06, 2024 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced plans to invest nearly $35 million to expand its 100,000-square-foot facility in Ridgetown, Ontario with a new addition to house a new SIMPAC 3000 metric ton stamping press. The project is slated for completion by early 2025.

Read more at globenewswire.com