Company investing in new machinery as it aims to build sales in new markets
CORNWALL, Ont.—Morbern Inc., a more than 50-year-old eastern Ontario company, is adding 12,500 square-feet of extra floor space and installing a new high-speed coating line at its Cornwall, Ont. plant.
The company, which makes decorative vinyl fabric for customers across a wide range of industries, including healthcare and automotive, plans to direct $15.7 million toward the project. The funds will cover new equipment for the coating line, various site upgrades and a new building.
“This will allow us to continue our expansion into our various markets,” Mark Bloomfield, the company’s CEO, said when announcing the expansion earlier this year.
“It will allow us to offer better products than our existing technology allows. As well, this line will allow us to better compete, including with competitors from countries throughout the world,” he added.
The company said it will finance the majority of the multimillion-dollar expansion with a loan from the Business Development Bank of Canada. Meanwhile, the Ontario government announced Aug. 31 it will support the project with a $1.5 million investment.
The project is expected to create 36 new jobs in the eastern Ontario city by the time work is completed in the fall of 2019.