The Ontario government has announced a $1.5 million investment in Cyclone Manufacturing, a supplier of aerospace components and sub-assemblies with manufacturing facilities in Mississauga and Milton.
The government funding is in support of a $21.4 million investment by Cyclone Manufacturing aimed at investing in new technologies that will enable it to undertake process work that is currently done outside of Canada. By bringing this work to Ontario, Cyclone will be able to create 60 new jobs and upskill 100 employees at its Ontario facilities. The funding will be handled through the Advanced Manufacturing and Innovation Competitiveness stream of Ontario’s Regional Development Program. Vic Fedeli, Minister of Economic Development, Job Creation and Trade visited the Mississauga facility today to discuss the impact of this investment on families and workers in the local community. “Cyclone is a key supplier in Ontario’s aerospace ecosystem that our government is proud to support,” said Vic Fedeli, minister of economic development, job creation and trade. “With more global aerospace giants expanding to Ontario, we’ll continue to grow and strengthen our aerospace manufacturing across the province.” Cyclone Manufacturing Incorporated is a provider of complex aerostructures and structural assemblies for major aerospace companies around the world. “Cyclone’s partnership with the government of Ontario comes with a strong commitment from our company to increase employment, advance innovation and remain a global leader in aerospace manufacturing,” said Robert Sochaj, Cyclone’s Vice President. “We are grateful to Minister Fedeli and the Ministry of Economic Development, Job Creation and Trade for their dedication to Ontario’s aerospace sector and the thousands of people it employs across this province.” Aerospace is a key component of Ontario’s advanced manufacturing sector. It directly employs more than 21,500 people across more than 200 companies, and an additional 17,200 indirectly. Ontario’s aerospace industry is the second largest in Canada, representing close to a quarter of all Canadian activity. The province is home to a globally renowned landing-gear cluster, as well as major global aerospace companies. |
The $40 million Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program supports advanced manufacturing businesses across the province to invest in their workers, equipment and new technology. In 2021, manufacturing accounted for almost 660,000 jobs in Ontario and more than 10 per cent of the province’s Gross Domestic Product. |
Ontario makes $1.5 million investment in Cyclone Manufacturing
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