A Windsor manufacturer is one of six beneficiaries of funding to support Ontario's aerospace industry.
The Federal Economic Development Agency for Southern Ontario [FedDev Ontario] has announced a $22-million investment to increase productivity and promote green practices at six aerospace-related projects.
One of the firms receiving money is Service Mold + Aerospace Inc. in Windsor, which is an aerospace supplier that has also worked with automotive, commercial, and medical firms. The company will receive a repayable investment of over $3.8 million to purchase four pieces of Computer Numerical Control equipment, maintaining 27 current jobs and creating 15 new ones.
"With space exploration reaching unprecedented levels, this FedDev Ontario support will allow Service Mold + Aerospace to invest in state-of-the-art CNC equipment and increase manufacturing capacity to meet the industry's demands," said Service Mold + Aerospace Vice-President Myles Schuurman. "Furthermore, this investment would allow us to continue to hire, train, and retain highly skilled tradespeople, allowing an Ontario business to remain competitive in the industry and ensuring the longevity of our shared success."
The announcement was made in Breslau on Tuesday by Filomena Tassi, Minister Responsible for FedDev Ontario.
"Ontario-made parts are found in almost every passenger plane in the world," said Tassi. "And it’s the workers who will continue to take this industry to new heights. That’s why our government is investing directly in the organizations, businesses, and people who will drive innovation across the sector, and ensure workers have the skills needed to continue growing a strong, sustainable economy that works for everyone."
Other projects receiving money are Cleeve Technology in Oshawa, First Nations Technical Institute (FNTI) in Tyendinaga Mohawk Territory, Shimco North America in Cambridge, the Waterloo Institute for Sustainable Aeronautics (WISA), and World Trade Centre Toronto.