For Immediate Release
Lindsay
04/30/2010

Cameron Steel To Expand: McGuinty Government Strengthening Eastern Ontario Manufacturing Sector

 

NEWS

Ontario is helping an eastern Ontario manufacturer expand its facility and install new equipment to increase competitiveness and protect local jobs.

Cameron Steel Inc., maker of custom designed industrial equipment for other manufacturing companies in various industries, is investing over $4.6 to million expand the Lindsay production facility and install new equipment.  The expansion and new equipment will help increase production of specialized heavy equipment for industrial projects like oil sands development, mining and nuclear energy production. 
 
Ontario’s investment of over $680,000 will help create 10 new jobs in the next five years and retain 51 existing positions.  This investment supports the province’s new, five-year Open Ontario Plan to strengthen the economy and create more opportunities for jobs and growth.

 

QUOTES

“We are proud to partner with businesses that come to the table with their own investments in Ontario.  Investments like this one underline how a mutual commitment and partnership between government and business helps strengthen our local economy.”
– Rick Johnson, MPP Haliburton-Kawartha Lakes-Brock

“The Cameron Steel expansion will make us far more competitive and help us target new and larger markets.”
– James Bogar, President, Cameron Steel Inc.

QUICK FACTS

• To date, the Eastern Ontario Development Fund has committed over $18.9 million to 42 announced projects representing a total project investment of $123.7 million and the creation of 483 new jobs.
• In 2008, eastern Ontario’s gross domestic product was approximately $66 billion, representing 12 per cent of the provincial total.
• As a result of business tax cuts and the move to a harmonized sales tax, the tax on business investment in Ontario is being cut in half, making Ontario businesses more competitive.

LEARN MORE

Visit www.ontario.ca/easternfund for more information on the Eastern Ontario Development Fund or call 1 866-909-9951.
Find out more about how Ontario’s comprehensive tax plan, including the HST, supports business.

For more information:

Patricia Law
Minister's Office
416-325-6090

Sofia Sousa-Dias
Communications Branch
416-325-3187

ontario.ca/economy-news

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