Innovative Technology Helping Cyclone Manufacturing To Seek New Business
TORONTO, Jan. 14 /CNW/ -
Cyclone Manufacturing is creating 133 jobs by investing in new technology
that will help improve its products and win new business.
The company makes parts for aerospace manufacturers. Their customers have
included Boeing, Bombardier and Embraer. By innovating, they can use new
materials to make aircraft parts that are lighter. This allows their customers
to make aircraft that are more fuel efficient, lowering costs for airlines and
The McGuinty government is providing a grant of nearly $7.7 million to
support the company's investment of more than $50 million over the next five
The support comes from Ontario's Next Generation of Jobs Fund
(http://www.ontariocanada.com/ontcan/en/nextgen_main_en.jsp), a $1.15-billion
business incentive program to create and protect jobs for Ontario families.
Partnering with business is a component of the Ontario government's five-point
plan (http://www.premier.gov.on.ca/economicplan/) to grow the economy.
"Manufacturing companies and working families are facing a tough
environment. They create the economic activity that generates tax dollars and
builds schools, roads and hospitals. So we're working hard to ensure they can
compete and win under increasingly tough, and changing global circumstances,"
said Premier Dalton McGuinty.
"Cyclone Manufacturing is securing high-value, sustainable jobs for the
future. Thanks to Ontario's highly skilled workforce, Cyclone Manufacturing is
creating innovative, energy efficient products that will boost Ontario's
economy," said Michael Bryant, Minister of Economic Development.
"The support from the Government of Ontario allows us to accelerate our
growth plans. With this investment we'll be able to offer our customers a
broader range of products and services, while reducing our impact on the
environment," said Andrew Sochaj, President of Cyclone Manufacturing.
- Cyclone's new technology will also make their operations more
- There are more than 350 aerospace suppliers in Ontario.
- Ontario companies supply several major aerospace programs, including
the Boeing 787, the Airbus A380 and A350, Bombardier's Q400 turboprop
and the Joint Strike Fighter.
Read about Ontario's aerospace industry
Find out about other Next Generation of Jobs Fund projects
Disponible en francais
For further information:
For further information: Premier's Media Office: (416) 314-8975