Federal support is helping Vaughan's Dishon Limited employ new manufacturing equipment, allowing for commercialization of up to 200 new parts. PHOTO courtesy Dishon Limited.
Dishon Limited, a Vaughan, Ont., based manufacturer of parts used in the aerospace sector is receiving $4.2 million through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).
Operating out of two facilities in Vaughan, Ontario, Dishon Limited produces components for parts used in the aerospace sector, such as landing gear, engines and fluid systems. Through this investment, the company will employ new manufacturing equipment, allowing for the commercialization of up to 200 new parts. This will help them expand into new markets like space and electrical aviation. The project is expected to increase revenue by up to $18 million.
The support comes through the Aerospace Regional and Recovery Initiative (ARRI).
“Aeropace manufacturing is massively capital intensive, and we are extremely grateful in having FedDev Ontario as a partner to support the next decade of manufacturing growth in Space, Engines and the Ontario ecosystem. The ARRI funding is a crucial piece of Dishon’s growth strategy and enables us to take our company, skills, and employees to the next level of service for our customer base,” said Ilan Dishy, President, Dishon Limited.
Francesco Sorbara, Member of Parliament for Vaughan–Woodbridge, added that Dishon is creating 50 new jobs in Vaughan while expanding its operations to diversify and reach new customers.
“The investment in Dishon Limited is great news for the local manufacturing and aerospace sectors in Vaughan and across southern Ontario.” Sorbara said.