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FedDev Ontario Invests in Vaughan Aerospace Manufacturer

ID: 1486650
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(businesspress24) - VAUGHAN, ONTARIO -- (Marketwired) -- 02/14/17 -- Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

The Government of Canada is committed to supporting Canadian aerospace manufacturers that are investing in innovation, which generates benefits for local communities and creates well-paying jobs for Canadians.

will receive a investment of up to $3 million to expand production at the Vaughan facility and create up to 60 new full-time equivalent jobs - nearly doubling the company''s workforce.

This announcement was made by Francesco Sorbara, Member of Parliament for Vaughan-Woodbridge, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.

is entering into a phase of significant growth to maintain its customer base in the aerospace sector. This repayable contribution, through the 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.

Quotes

"With this investment, Dishon Limited will integrate advanced manufacturing technologies to increase productivity and remain competitive. The Government''s support for companies like Dishon Limited creates more opportunities for Canadian workers, generates economic growth and powers our country to a bright and prosperous future."

- Francesco Sorbara, Member of Parliament for Vaughan-Woodbridge

"Canada''s aerospace industry is a leader in innovation, and it remains a vital source of jobs for Canadians across the country. The Government of Canada is committed to supporting manufacturers in the aerospace industry, like Dishon Limited, to help them scale up, become more innovative and compete globally."

- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario

"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."

- Ilan Dishy, President, Dishon Limited

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Date: 02/14/2017 - 15:40
Language: English
News-ID 1486650
Character count: 2351
Kontakt-Informationen:
Firma: Federal Economic Development Agency for Southern Ontario
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: VAUGHAN, ONTARIO
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