London Six local manufacturers receive an economic boost from the federal government Share It's a text-book example of how the supply chain works. Edge Automation builds the components for machines that manufacturers will then use to build parts for a wide range of applications; that can range from 3M respirator kits to auto parts. Edge Automation President Gerard Regier says the company has seen the value in diversification, "When we began over 20 years ago, we were all automotive.
We have diversified, but we are still over 50 per cent automotive." London-based Edge Automation is one of six manufactures from Stratford to Leamington (Edge Automation Inc., MTO Metal Products Ltd.
, New-Form Tools Ltd., Roden Manufacturing, Tradeline Products Inc. and UE Enclosures) receiving a share of a $7.
7 million interest-free loan from FedDev Ontario, the federal agency responsible for economic development initiatives in the Southwestern Ontario. The funding was announced Wednesday morning. Edge is receiving $1.
1 million towards their $2.5 dollar plan for expansion and equipment improvements. Advanced manufacturing components assembled at Edge Automation in London (Gerry Dewan/CTV News London) "We know that investing in companies for them to be able to grow, for them to be able to compete globally, is critical," MP Bryan May told CTV News.
May is parliamentary assistant to the Minister Responsible for FedDev Ontario. He said that he believes the loans will allow companies to pivot quickly .