US-Based Precision Resource invests $8M in Waterloo Region with support from province

November 20, 2015

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An $8.2-million investment in a Cambridge automotive component manufacturer is creating 19 jobs while boosting production and expanding its range of products. Precision Resource, Inc., a Connecticut-based firm has divisions in the United States, China, Mexico and here in Waterloo Region, with Precision Resource Canada's plant and a neighbouring technical centre on Cherry Blossom Road. There must be a focus on productivity and innovation and a focus on high-skilled jobs and much of the company's investment is targeted at new equipment, "the most advanced technology in our business," said  the director of international operations for Precision Resource, Inc.

The expansion was celebrated Friday with a visit from Cambridge MPP Kathryn McGarry. The province's Southwestern Ontario Development Fund contributed $410,500 toward the project.

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