Ontario Invests in Peterborough and Kawartha Lakes Manufacturers to Boost Regional Economy

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 1 400

February 8, 2022

The Ontario government is supporting an investment of nearly $5.5 million by three companies in Eastern Ontario to help strengthen local manufacturing, create jobs, attract investment and boost regional economic recovery. The province is investing nearly $633,000 through the Regional Development Program, which will help create 20 jobs.

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 2 400

“The Regional Development Program continues to support local manufacturers through targeted investments that allow businesses to create good local jobs,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We thank Kawartha Metals, Colonial Concepts Log & Timberframe and Bélair Mechatronics for making a significant impact in their communities and for contributing to our province’s dynamic and growing manufacturing sector.”

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 3 400

Kawartha Metals Corp. in Peterborough is investing nearly $3.28 million in new, top-line equipment to expand its range of products and provide more value-added services to its growing customer base. The company is a supplier of steel, aluminum, brass, and plastics material in over 5,000 different sizes and grades and works with a wide range of customers, including manufacturers, fabricators and contractors. With Ontario’s investment of $327,650 from the Eastern Ontario Development Fund (EODF), Kawartha Metals will create 12 jobs. Through this project, the company will create an innovative manufacturing space in its new facility in Peterborough and strengthen its regional supply chain.

“As a result of EODF funding, Kawartha Metals was able to purchase and install a Voortman high-definition plasma structural steel robotic plasma machine capable of processing nearly any kind of shape that needs to be produced. The robotic thermal profile cutting system can reach all four sides of the material with exceptional speed and accuracy,” said Tom Elliott, President of Kawartha Metals Corp. “This created new jobs and improved processes to make Kawartha Metals more competitive in Ontario and for the manufacturers that export globally that we supply to.”

 

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 4 400

Colonial Log & Timber Inc. (Colonial Concepts Log & Timberframe) in Lindsay manufactures log and timber framing components. The company is investing more than $1.3 million to fully automate its manufacturing process to gain efficiencies and double production from 25 to 50 home kits per year to meet customer demand. With Ontario’s investment of $195,252 from the Eastern Ontario Development Fund, Colonial Concepts Log & Timberframe will create 3 jobs. With the increased production capacity, the company expects to better compete and access new global markets.

“This funding has given Colonial Concepts Log & Timberframe the opportunity to purchase a 6-axis Hundegger machine to help evolve our family business and become more automated,” said Ken Moore, CEO of Colonial Concepts Log & Timberframe. “We will become more efficient, which will allow us to expand more into the international market creating a greater number of projects and business, thus opening up more job opportunities in our company.”

 

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 5 400

Bélair Mechatronics Inc. (Kawartha Controls) in Omemee designs and manufactures hydraulic manifolds, other fluid power components and robotic auxiliary equipment. The company is investing $901,000 in new equipment and robotics to scale up its smart manufacturing processes and increase production to meet growing demand. This project will also help Bélair Mechatronics to develop manufacturing process innovations, such as software and robotics accessories, for future growth opportunities. With Ontario’s investment of $110,000 from the Eastern Ontario Development Fund, the company will create 5 jobs.

“This funding enabled us to start the process of scaling our business and put us in a good position at the start of the pandemic to maintain that momentum,” said Rob Bélair, CEO of Bélair Mechatronics. “Over the past two years, we have created 15+ high value jobs for our local economy, successfully attracted top talent to relocate to the area and created opportunities for our team members to advance their skill set and gain valuable experience in an advanced manufacturing environment.”

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“Investing in local companies is critical to help grow our rural economy by increasing employment close to home and contributing to our recovery from the pandemic,” said Laurie Scott, MPP for Haliburton-Kawartha Lakes-Brock. “Our government knows how important the manufacturing sector is to local economies and that’s why we’re making investments like these to bring back industrial jobs communities rely on.”

Ontario is investing more than $100 million through the Regional Development Program from 2019 to 2023 to support distinct regional priorities and challenges. The program provides cost-shared funding to businesses, municipalities and economic development organizations to help local communities attract investment, diversify their economies, and create jobs.

 

Quick Facts

  • •The government launched the Regional Development Program for Eastern and Southwestern Ontario in November 2019. Businesses and municipalities can get financial support through the Eastern Ontario Development Fund (EODF) and Southwestern Ontario Development Fund (SWODF) and guided access to a range of complementary services and supports.
  • •The government recently launched the Advanced Manufacturing and Innovation Competitiveness (AMIC) stream of the Regional Development Program to help support Ontario advanced manufacturers to invest in the equipment, advanced technologies and skilled workforce needed to improve competitiveness, growth, and create, retain and bring jobs back to every region of the province.

 

Additional Resources

MC Ontario Government Invesnts in Peterborough Kawartha Lakes Manufacturers 6 400

Learn more about the Regional Development Program

 

 

Source

 

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