FedDev Ontario invests over $7 million for Firan Technology Group Corporation to green operations and support nearly 300 local jobs
June 30, 2022 – Toronto, Ontario
Aerospace is a pillar of the economy and of innovation in Canada. It is one of the most research‑intensive and export-focused manufacturing industries, employing thousands of highly qualified people in every region across the country. In Ontario, manufacturers are part of the global supply chain for virtually every passenger aircraft in the world, and the aerospace industry works closely with local academia to develop and commercialize new products and technology.
Today, on behalf of the Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Shaun Chen, Member of Parliament for Scarborough North, announced over $7 million, through the Aerospace Regional Recovery Initiative (ARRI), for Firan Technology Group Corporation (FTG) to enhance productivity and expand offerings.
FTG is a leading Canadian supplier of electronic products and subsystems to the global aerospace and defence markets. With this support, FTG will invest in automation equipment to improve efficiency and reduce its environmental footprint; green operations by reducing waste, conserving energy and reducing water consumption; improve cybersecurity systems; produce and test new products; and create and maintain nearly 300 jobs. The project will help to increase domestic and international sales and enable the company to pursue new initiatives and gain a competitive advantage as the sector recovers.
The Government of Canada is committed to supporting southern Ontario’s aerospace sector by providing businesses the support they need to grow, create jobs and contribute to a strong recovery and future economic growth.