$4.6 million to help Oakville company expand operations in new facility, compete in new markets and create 40 jobs
April 30, 2019 - Oakville, ON
Today, John Oliver, Member of Parliament for Oakville, announced a FedDev Ontario contribution of $4.6 million for Coordinate Industries Ltd., a leading supplier of precision machined parts, to enhance its production capabilities and expand its presence in the aerospace and defence sectors. This announcement was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario.
With this funding, Coordinate Industries Ltd. will retrofit its new facility in Oakville with state-of-the-art, high-efficiency equipment, including robotics and automation, as well as software. This will increase production and expand the company's unique electro-mechanical assembly operations.
FedDev Ontario support will help the company will create 40 new skilled jobs in the Halton region and enhance the region's competitive position as a global supplier in the aerospace and defence sector in Canada and abroad.
"Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today's investment in Coordinate Industries Ltd. builds on our competitive advantages and will result in increased production and strengthened competitiveness, boosting economic growth and creating good, middle-class jobs for Canadians."
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the FedDev Ontario
"I look forward to seeing the benefits of Coordinate Industries Ltd.'s expansion project with the addition of new capabilities that will draw a higher volume of work with key clients in aerospace and defence, and allow the company to enter new export markets. Locally, I am pleased that this investment will boost the manufacturing supply chain and add 40 new skilled jobs in Oakville."
- John Oliver, Member of Parliament for Oakville
"We remain proud of our strong Canadian workforce, our capable and secure processes, and our passion to innovate and engage with both local and global partners within aerospace and defence industries. With FedDev Ontario's support, we are well positioned to attract new business to Canada and enhance southern Ontario's manufacturing sector."
- Marinko Saric, President, Coordinate Industries Ltd.
Quick facts
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Established in 1985, Coordinate Industries Ltd. offers manufacturing, machining and electrical assembly services to its customers in the aerospace, defence and medical industries.
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The company's aerospace division, which counts Bombardier, Airbus and MHI Canada as clients, produces structural articles or parts approved for installation on certified aircrafts, such as doorframes or exterior cockpit window trim.
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In addition to FedDev Ontario's repayable contribution of up to $4.6 million, Coordinate Industries Ltd. will contribute $13.8 million toward the total estimated project cost of $18.4 million.
