An Innovative Company is Expanding in Mississauga
Who says Mississauga isn't a great place to live and work?
The Province of Ontario recently announced that the Ministry of Economic Development and Growth is partnering with Mississauga-based Cyclone Manufacturing to invest in new technology and expand the company's facilities.
According to the province, the partnership will create 132 new jobs and retain 554 positions.
Cyclone Manufacturing, which operates three locations in Mississauga, one in Milton and a facility in Poland, makes precision components for the aerospace industry and offers services such as machining, sheet metal fabrication, tube bending/welding, assembly and final processing and finishing. It's a relatively mature company, as it was founded in 1964.
The company boasts a handful of well-known customers, including Bombardier, Spirit, Airbus, Boeing, Israel Aerospace Industries, Triumph, Lockheed Martin and AIDC.
With support from Ontario’s Jobs and Prosperity Fund, the company is enhancing its Computer Numerical Control (CNC) production capabilities, investing in new equipment and setting up new process lines to bring work in-house that is currently outsourced.
According to the government, it's adding 80,000 square feet in new production space, plus the longer-term addition of a new facility.
"The project we're announcing today marks a significant new chapter in the development of our company," says Andrew Sochaj, president of Cyclone Manufacturing. "With this investment in the latest production and finishing technologies, Cyclone will be able to offer even greater innovation and flexibility for our valued customers."
The province is providing a grant of up to $5.19 million through the fund for the project, which supports an additional investment of $59.69 million from Cyclone and other sources, for a total project value of $64.88 million.
The project is expected to be completed in the fall of 2021.
The province says the aerospace industry is a major part of Ontario's advanced manufacturing sector that accounts for over 21,000 direct jobs. Over half of the world's top 25 aerospace companies have operations in the province and Ontario-based manufacturers are part of the supply chain for virtually every passenger aircraft in the world.
"Ontario's aerospace sector must continue to invest in technology and innovation to stay ahead in a fiercely competitive global market," says Brad Duguid, minister of economic development and growth. "This project reinforces Cyclone's growth trajectory and brings more skilled manufacturing jobs to the Mississauga region."
- Three Teens Arrested Following Hate-Motivated Crime in Mississauga
- Mississauga Politician Rescinds Award for Community Leader Who Expressed Discriminatory Views
- What Streetsville Looked Like Back in the Day
- Special Weather Alert Now in Effect for Mississauga
- Port Credit Busker Fest Kicks Off Today in Mississauga