CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

More government money for aerospace manufacturing: $3 M for Ontario firm

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The Canadian government continues its ongoing funding contributions to aerospace manufacturers, with the recent being a $3 million repayable contribution to an Ontario precision machining supplier to the aerospace industry.

Dishon Ltd., based in Vaughan, ON, plans to expand its facility and create up to 60 new full time jobs, nearling doubling the company’s workforce.

“With the support of FedDev Ontario, we will be able to continue our aggressive growth strategy in the global aerospace market and will pursue more complex components and assemblies, generating greater sales and more jobs for Canadians,” says Iland Dishy, president of Dishon Ltd.

The funding is being distributed through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

Dishon is entering into a phase of significant growth to maintain its customer base in the aerospace sector. This repayable contribution, through the Investing in Business Growth and Productivity initiative, will allow Dishon Limited to invest in state-of-the-art machinery to increase competitiveness, diversify its customer base and pursue growth opportunities in both current and new global markets.

Increased production from this project will positively impact its supply chain relationships with over 75 Canadian companies, primarily based in Ontario’s aerospace cluster.

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