New jobs created at Ontario aerospace company
Toronto, ON -- Cyclone Manufacturing Inc., Mississauga, ON, is creating 133 jobs by investing in new technology t...
Toronto, ON — Cyclone Manufacturing Inc., Mississauga, ON, is creating 133 jobs by investing in new technology that will help improve its products.
The company makes parts for aerospace manufacturers. Its customers have included Boeing, Bombardier and Embraer. Cyclone will now use new materials to make aircraft parts that are lighter. This allows its customers to make aircraft that are more fuel efficient, lowering costs for airlines and reducing emissions.
The Ontario 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 years.
The support comes from Ontario’s Next Generation of Jobs Fund, a $1.15-billion business incentive program to create and protect jobs in the province.
“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 provincial premier Dalton McGuinty.
“Cyclone Manufacturing is securing high-value, sustainable jobs for the future,” said Michael Bryant, Minister of Economic Development. “Thanks to Ontario’s highly skilled workforce, Cyclone Manufacturing is creating innovative, energy efficient products that will boost Ontario’s economy.”
“The support from the Government of Ontario allows us to accelerate our growth plans,” said Andrew Sochaj, president of Cyclone Manufacturing. “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.”
Cyclone also helps assemble parts for space exploration, and is one of more than 350 aerospace suppliers in Ontario.