Heico gets government funding to support upgrades to steel plants in Quebec and Ontario
Heico Canada will diversify its product mix, while decreasing its greenhouse gas emissions
Heico Canada Holding Company, a manufacturer of wire and wire rod products used in automotive, energy, agriculture and construction sectors, is getting a financial boost through the Strategic Innovation Fund.
Through the Strategic Innovation Fund, government is investing $18 million as part of a $50.7-million project that will create 86 jobs and maintain 1,308 more at Heico facilities in Marieville, Que., L’Orignal, Ont., and Ingersoll, Ont.
The funding will not only allow Heico Canada to purchase and install new equipment and improve production capabilities, but also reduce greenhouse gas emissions, said Will Trower, chief financial officer, Heico Canada Holding Company.