Cyclone Manufacturing makes precision components for the aerospace industry, with services including machining, sheetmetal fabrication, tube bending/welding, assembly and final processing and finishing.
With support from Ontario’s Jobs and Prosperity Fund, the company is enhancing its CNC production capabilities, investing in new equipment and setting up new process lines to bring work in-house that is currently outsourced. It is adding 80,000ft2 in new production space, plus the longer-term addition of a new facility. These investments will boost Cyclone’s competitiveness through greater innovation, reduced costs, better energy efficiency and shorter lead times.
“Ontario’s aerospace sector must continue to invest in technology and innovation to stay ahead in a fiercely competitive global market,” stated 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.”
Cyclone Manufacturing’s President, Andrew Sochaj added: “The project we’re announcing today marks a significant new chapter in the development of our company. 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.”
Ontario is providing a grant of up to $5.19 million through the Jobs and Prosperity Fund for the project, which supports an additional investment of $59.69m from Cyclone and other sources, for a total project value of $64.88m. The project is expected to be completed in the fall of 2021.
The aerospace industry is a major part of Ontario’s advanced manufacturing sector accounting 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.
Pictured: Charles Sousa, Minister of Finance and MPP for Mississauga South
