Massive Company Expanding in Mississauga
Although it was a bit of a blow when Microsoft announced that it would be leaving Mississauga for Toronto in the not-too-distant future, the city has been far from bereft of new investment.
In fact, CBS announced it would be opening a TV and film production facility in the city shortly after Microsoft's announcement.
And now, in other good business news, it looks like a local aerospace giant will be expanding its already sizeable facility in Mississauga.
The City of Mississauga recently announced that Mitsubishi Heavy Industries Canada Aerospace (MHICA), a subsidiary of Japan-based Mitsubishi Heavy Industries, revealed that its Mississauga-based facility will be undergoing a 206,000 square-foot expansion that will be completed in November 2019.
"We are absolutely thrilled that MHICA has chosen to once again expand in Mississauga, home of Canada's largest aerospace cluster. MHICA continues to be a vital part of our aerospace community, and we're grateful that they continue to feel at home in Mississauga," said Mayor of Mississauga Bonnie Crombie, adding that the new facility will create more jobs.
“Since opening their first facility in Mississauga over ten years ago, MHICA has seen steady growth, expansion and development which has had a significant positive economic impact on our city. This significant investment reinforces MHICA's commitment to our city and will help create good highly-skilled jobs and boost our local economy. Mississauga is open for business."
Interestingly enough, Mississauga appears to be growing into something of an aerospace hub.
According to the city, Mississauga's aerospace cluster is comprised of airlines, aerospace manufacturing, airport services and support services for aerospace manufacturers.
Recently, the city was recognized for its work in the aerospace industry by fDi Magazine, a publication for the business of globalization.
Mississauga ranked second in fDi's Aerospace Cities of the Future 2018/19 Report for innovation, attractiveness and strategy in the aerospace sector.
The Report also cited Mississauga as having the most aerospace businesses and employment in all of Canada.
"MHICA's growth over the past 12 years has been consistently supported by the City of Mississauga," said Mike McCarthy, CEO, MHICA.
"The City played a key role in helping us establish our first facility in Meadowvale in 2007. Then again in 2012, the City worked with us to help create our existing 270,000 square foot Mississauga plant on Northwest Drive. Our latest expansion is the result of our continued reliance upon Mississauga's strong business culture, and its educated and energetic talent, to bring us the employees that we need. MHICA is proud to help lead the growth and strength of the aerospace industry in Mississauga."
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