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FedDev Ontario Invests Over $7M for FTG Green Operations
July 7, 2022 | Firan Technology Group CorporationEstimated reading time: 2 minutes
Aerospace is a pillar of the economy and of innovation in Canada. It is one of the most research-intensive and export-focused manufacturing industries, employing thousands of highly qualified people in every region across the country. In Ontario, manufacturers are part of the global supply chain for virtually every passenger aircraft in the world, and the aerospace industry works closely with local academia to develop and commercialize new products and technology.
On behalf of the Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Shaun Chen, Member of Parliament for Scarborough North, announced over $7 million, through the Aerospace Regional Recovery Initiative (ARRI), for Firan Technology Group Corporation (FTG) to enhance productivity and expand offerings.
FTG is a leading Canadian supplier of electronic products and subsystems to the global aerospace and defence markets. With this support, FTG will invest in automation equipment to improve efficiency and reduce its environmental footprint; green operations by reducing waste, conserving energy and reducing water consumption; improve cybersecurity systems; produce and test new products; and create and maintain nearly 300 jobs. The project will help to increase domestic and international sales and enable the company to pursue new initiatives and gain a competitive advantage as the sector recovers.
The Government of Canada is committed to supporting southern Ontario’s aerospace sector by providing businesses the support they need to grow, create jobs and contribute to a strong recovery and future economic growth.
Quotes
“Small- and medium-sized aerospace businesses have an important role to play in southern Ontario’s economic recovery, which is why the Government of Canada is committed to supporting these businesses and protecting the thousands of workers this sector employs. Businesses like Firan Technologies Group Corporation are helping strengthen our region’s economy, while ensuring the industry remains competitive and creating good jobs locally,” said The Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“Today’s investment in Firan Technology Group Corporation is great news for the local aerospace sector in Scarborough. Not only is the company greening operations to reduce its environmental footprint, it is also supporting nearly 300 local jobs and setting the groundwork to ensure it remains competitive for years to come,” said Shaun Chen, Member of Parliament for Scarborough North.
“FTG has a proven track record of growth resulting from investments in people, processes and tools. The pandemic made for challenging times in the aerospace sector, but the recovery has started. With the help of the ARRI funding, FTG will accelerate its investment in its Canadian businesses to get back on a strong growth trajectory to the benefit of all stakeholders including customers, employees, suppliers and the Canadian economy,” said Brad Bourne, President and CEO, Firan Technology Group Corporation.
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