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 in an environment where technologies are constantly evolving. He pointed to the electric vehicle sector as an example, "Competition globally is fierce.
I mean, we need to focus on supporting our local manufacturing supply chain and, quite frankly, building it from scratch. There's no EV supply chain to speak of in Canada." Along with a building addition containing new lifts, Edge Automation has added more advanced computer numerical control (CNC) machines that allow for more precise machining.
Regier said the workforce is primarily made up of engineers, programmers and high-end skilled trades people, "Our tradespeople, engineers and programmers collaborate and work hand in hand, learning from one another and helping each other successfully complete every project." Regier said that the funding has helped Edge Automation hire six additional staffers and more hiring is planned. London Top Stories 'I thought he was going to kill me': Little old lady explains how she survived knife attack Six local manufacturers receive an economic boost from the federal government Londoner hits $100,000 jackpot on lottery ticket Three-vehicle crash sends four people to hospital Pedestrian struck in Exeter, OPP investigating Residents balk at high price tag for new municipal pool Two people thrown from vehicle in Perth County crash London police respond to fatal crash involving an e-bike CTVNews.
ca Top Stories Multiple Jewish organizations, hospitals across Canada receive identical bomb threats Police in multiple cities across Canada are responding to bomb threats that were sent to Jewish organizations, synagogues and some hospitals this morning. BREAKING BREAKING | 'Intimate partner violence' led to triple homicide in McCreary: Manitoba RCMP A 'horrific act of intimate partner violence' is what led to a triple homicide in McCreary, Man. last week according to RCMP.
Tory MP deletes post that claimed cost of living is driving parents to traffic kids Conservative MP Michelle Ferreri has deleted a post on X that claimed the affordability crisis has driven parents to traffic their kids. Global Affairs Canada 'very proud' of $9M NYC condo purchase, says consul general Tom Clark didn't influence Canada's consul general in New York Tom Clark did not influence the government's decision to purchase his new official residence, a senior Global Affairs Canada official told MPs Wednesday. 'Caught me by surprise': Rare 'blue' frog spotted in Nova Scotia When a Nova Scotia woman set out on a walk, she ended up discovering something very colourful - a rare 'blue' frog.
Boaters urged to seek shelter as 'waterspout watch' issued for coastal B.C. Environment Canada has issued a waterspout watch for British Columbia's South Coast, urging mariners to prepare for the potentially dangerous weather phenomena.
Alicia Silverstone is 'alive and well' after concern over her possibly poisonous snack 'Clueless' star Alicia Silverstone sparked concern after she posted a video in which she took a bite into what some of her followers speculated was poisonous fruit. Commuters, billions of dollars could be affected by rail strike; Trudeau urges deal Prime Minister Justin Trudeau is urging negotiators to reach a deal to prevent an unprecedented railway stoppage that could have an economic impact worth billions of dollars. 2 found in trunk of car speeding 50 km/h over the limit in Ottawa Ottawa police caught a group of eight people in a five-seater vehicle speeding 50 km/h over the speed limit on Greenbank Road in Ottawa's Barrhaven neighbourhood.
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wins $70 million Lotto Max jackpot Ottawa Ottawa school bus authority short 13 drivers two weeks from start of school City of Ottawa joins dozens who will not participate in Capital Pride parade RCMP investigating bomb threats at Ottawa hospitals, Jewish organizations Toronto Metrolinx to 'acquire' 25 homes on Pape Avenue in Riverdale for Ontario Line construction No evidence of docs related to misconduct allegations against Frank Stronach: court Multiple Jewish organizations, hospitals across Canada receive identical bomb threats Montreal Montreal synagogues on Canada-wide list of threatened Jewish institutions Man, 28, charged with first-degree murder after woman found with hands, mouth bound in Lachine apartment Quebec government seeks power to limit international students Atlantic Search for kayaker in Halifax ends, investigation continues as missing person case Man charged with stunting after driving 60 km/h over speed limit: Halifax police Floodplain mapping to drastically restrict development in area of Sackville and Little Sackville rivers Winnipeg BREAKING BREAKING | 'Intimate partner violence' led to triple homicide in McCreary: Manitoba RCMP New legislation will allow Manitoba municipalities to opt out of Plan 20-50 Man charged following bus stabbing: Winnipeg police Calgary 4 children, 2 adults hurt in head-on crash near Coalhurst, Alta. Check your tickets: Five Alberta winners in Tuesday's Lotto Max draw Calgary's former Rose and Crown reopens as new pub Edmonton 'Unacceptable': Business groups say rail stoppage would hit grain, groceries and more 'You should see my garage – it's half full': Online initiative receives overwhelming support for Jasper students and teachers Check your tickets: Five Alberta winners in Tuesday's Lotto Max draw Regina Arrests made after Mexican immigrants discovered working for company in Moose Jaw 'Competitiveness has always been a part of me': Former Humboldt Bronco heading to Paris for Paralympics Ontario man charged after drug seizure in Yorkton Saskatoon 'A hell of a fire': Home destroyed in farm fire south of Saskatoon 'They want government to do their dirty work': Canadian farmers feel helpless to stop rail disruption Sask. woman dies in northern highway rollover Vancouver Multiple B.
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