Financing will support range of contracts with several major automakers
BARRIE, Ont.—Export Development Canada has extended $2.5 million in financing to Ontario-based Linear Transfer Automation.
A manufacturer of automation systems for the auto industry, the company plans to use the financing to support a range of large export contracts with several big-name automakers, including Ford, Nissan, General Motors, Daimler and Honda. From its manufacturing plant in Barrie, Linear Transfer supplies sales offices in the U.S., Mexico, Brazil, the U.K., China and Thailand. The company has been working with EDC since 2006 as it has continued to add to its list of international clients.
“EDC has really come to the table to provide us with what we need to succeed, every step of the way,” Rama Jayaweera, the company’s president and general manager, said. “Our sales are ever-increasing and now span all of North America and around the world.”
Having established itself in the global supply chain for a range of automakers, EDC senior vice-president of Financing and Investment, Carl Burlock, said Linear Transfer has already accomplished the hard part. As it works to works to build on its international relationships, the Barrie, Ont.-based company plans to add 10 employees to the 80-person staff at its Barrie facility over the next year.