Feds lend a $1.3M hand to Newfoundland work glove maker Superior Glove
Company plans 20,000-square-foot expansion at Newfoundland plant
POINT LEAMINGTON, N.L.—Canadian industrial glove maker Superior Glove Works Ltd. is launching a major plant expansion with the help of a $1.3 million loan from the federal government.
The company, which manufactures work gloves for the aerospace, automotive and metal fabrication industries, among many others, will use the funds to finance a 20,000-square-foot plant expansion at its Point Leamington, N.L. facility, purchasing new specialized equipment as it works to boost production.
“This loan allows us to maintain our foothold as a strong Canadian manufacturer,” Tony Geng, Superior Glove’s president, said. “Purchase of new machinery allows for greater local employment opportunities and a significant push forward in our standards for innovation in the safety industry.”
Founded in 1961, Superior Globe makes more than 3,000 different styles of work gloves and sleeves to protect workers across Canada, as well as those in export markets worldwide. Its planned production ramp-up is designed to drive deeper into higher-growth markets, such as the U.S.
Though it did not provide specific figures, the company said its expansion project will allow it to hire new employees, creating valuable jobs in an area of the country struggling to create economic growth.