Koss Aerospace, Mississauga, ON, is getting $1.9 million in equipment financing from GE Capital Canada to support the purchase of manufacturing equipment for its facility.

 

Bombardier AerospaceClick image to enlarge

Koss is a Tier 2 manufacturer of structural aircraft components and assemblies. GE Capital is also providing Koss with GE Aerospace market intelligence and manufacturing expertise, as well as access to OEMs and Tier 1 contacts to support the company's growth initiatives.

"We chose GE Capital as a partner for growth, not just as a financing provider," says Alex Cajic,Vice-President of Koss Aerospace. "The depth of support and expertise the team has provided will help us tremendously as we continue to grow our company and position ourselves as a leader in the market."

"Our team relies on decades of operational expertise to provide customers with innovative, customized financing," says Alain Dupont, leader, Manufacturing and Corporate Aviation, GE Capital, Canada. "We then go beyond financing to offer them unique access to our know-how and industry network to help them overcome challenges, unlock opportunities for growth and support their broader business objectives."

The GE Capital Canadian manufacturing team provides asset-backed term debt and structured lease solutions to Canadian manufacturing companies. These solutions unlock the equity in customers' fixed assets to provide working capital and support capital expenditures, refinancings, recapitalizations, acquisitions and succession planning.

GE Capital

Koss Aerospace

The Missing ‘Linc’

by Michael Ouellette

For an Ottawa job shop with an uncertain future in the pandemic, having the right machines on the floor saved the day, and the company.

CWBi Acorn and UA Canada contribute to skilled trades education

In a new partnership, UA Canada is adopting CWBi Acorn as a training tool for its welder members.

Canada could get break on metals tariffs, White House says

Canada could still avoid being subject to US proposed heavy tariffs on steel and aluminum.

Inter Pipeline nabs $408M provincial grant

Inter Pipeline Ltd. will receive $408 million from the Alberta Petrochemicals Incentive Program (APIP) to support the company’s Heartland Petrochemical Complex (HPC).

Honda, GM sign strategic MoU

Automakers GM and Honda have signed a non-binding deal working toward establishing a North American automotive alliance.

Rising auto demand boosts production in Canada

Stronger vehicle sales in Canada and the US and the recent free trade agreement with the European Union bodes well for Canada's automotive manufacturing industry according to a new "Global Auto Report" from Scotiabank.

1,800+ attend first Montreal CanWeld event

More than 1,800 people attended CanWeld 2017 in Montreal, QC. Held at Place Bonaventure September 12 and 13, the event included the welding industry's well-known CanWeld conference with 346 attendees and a trade show featuring close to 50 exhibiting companies.

GF AgieCharmilles changes name to GF Machining Solutions

GF AgieCharmilles has changed its name to GF Machining Solutions to better reflect the company's divisions. GF's technology offerings include milling, EDM, laser texturing, spindles, tooling and automation.

CWB Welding foundation receives $300K donation

The CWB Welding Foundation has received a $300,000 donation from the Dennis and Phyllis Washington Foundation in conjunction with shipbuilding and repair comapny Seaspan.

Ottawa’s pre-election budget gets mixed reviews

Ottawa has introduced its 2019 budget, to mixed reviews from business.

A bird's eye view

by Tim Wilson

A flight path to success in aerospace manufacturing

Getting an educational edge on machining

Local manufacturers had the opportunity to learn about the latest machining innovations at a joint supplier event held at machine tool distributor Ferro Technique's Mississauga, ON, facility.

New B axis milling head with 250° swivel range

DMG MORI has introduced its 4th generation DMC 80 U duoBlock and DMC 80 FD duoBlock universal machine centres that feature a new B axis milling head with an extended swivel range of 250° with a swivel of 70° in the negative direction.

Toyoda, Ace Micromatic ink strategic partnership

JTEKT Toyoda Americas Corp. and Ace Micromatic Group have formed a strategic alliance, signing a long-term agreement to offer the complete range of ACE high-speed production machines to the North American market. 

Canada to consider safeguard steel tariffs

The federal government says it plans to seek industry input before it decides whether or not to impose tariffs on steel entering Canada from offshore suppliers.

Stay In Touch

twitter facebook linkedIn