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Nov. 7 - Nov.14, 2004 |
Ontario a Promised Land for Cars
Development and Trade Minister Joe Cordiano announces possible Italian deal for parts
By Angelo Persichilli
Italian car parts manufacturers might soon be investing in our Province. Ontario Minister for Economic Development and Trade Hon. Joe Cordiano mentioned this possibility in an interview. In addition to Italian investments in the automaking industry, there is also Canadian interest towards Italian waste recycling companies.
Cordiano met last week in Italy with industry operators, along with Italy's Minister of Foreign Trade Adolfo Urso, Italian Trade Commission president Beniamino Quintieri, and representative of Simest, the agency of the Italian government promoting foreign trade and investments.
After Italy, minister Cordiano travelled to France, and that's where we reached him for our telephone interview.
"This is a really important event," he began, "as it could help create new jobs both in Ontario and in Italy. The first step should be taken in spring, when a delegation from Italy will visit Ontario on and exploratory mission."
Cordiano was very satisfied with the talks he had had. "With minister Urso," he continued, "we examined the possibilities for developing these relations further, and concluded that as early as next spring we might have a number of Italian car parts makers visiting Ontario for a two- or three-day workshop that we are going to organize."
Cordiano underscored that his government will use this opportunity for showing its Italian guests the advantages of investing in Ontario. "I don't think there's any other place all over the world," he remarked, "where one can find six of the world's biggest car makers in a 300-kilometre radius."
The reference was to the presence in Ontario of Ford, General Motors, DaimlerChrysler, Toyota, Honda and Suzuki. "There are immense development opportunities," he continued, "for Italian parts suppliers. They could thus increase their production and diversify their market, which is also very important."
Many of those companies, in fact, are very advanced but work almost exclusively for FIAT. Close to 95 percent of their production goes to the Turin auto maker. This has obvious positive implications for them, but diversification is also interesting, avoiding the pitfalls of having a single customer.
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