HANWHA L&C RECEIVES $10 MILLION FROM ONTARIO AMIS . .
January 7, 2009
Hanwha L&C Canada, the newest North American
division of Korean-based Hanwha L&C, announced the investment of $10
Million (CAD) from the Ontario Advanced Manufacturing Investment Strategy
(AMIS). The funds represent Ontario’s
commitment to the economic growth and technological advancement of the
province. Premier Dalton McGuinty was on hand for the ceremonial presentation
alongside London, Ontario,
Mayor Anne Marie DeCicco-Best and Hanwha L&C Canada president, Dr. Daniel Yu.
Ontario’s AMIS distributes interest-free loans
(for the first five years) to support companies that strengthen Ontario’s economy and
technological growth. The financing comes at a pivotal time in the development
of the $70 million (CAD) Hanwha L&C manufacturing and distribution plant.
Construction broke ground at Innovation Park in London, Ontario, in January of
last year and with the outer shell completed, the facility is on track to begin
production of its luxury HanStoneTM Fine Quartz Surfaces line in July of this