MISSISSAUGA, Ont.—MHI Canada Aerospace Inc.’s components plant in the Toronto suburbs is poised for a major expansion.
The company, which is a subsidiary of Japanese conglomerate Mitsubishi Group, has set aside $36.2 million to buy new equipment and upgrade its Mississauga site to support two Bombardier Inc. business jet programs.
The project involves bringing work currently done by MHI Japan to Ontario and will create 90 new jobs
“Ontario represents tremendous opportunities with its numerous advantages, such as cost-competitive solutions and talented workforce, so it was an easy decision to expand here,” Mike McCarthy, president and chairman of MHI Canada, said in a statement.
To support the multimillion-dollar company investment, the Ontario government committed $4.9 million to the expansion through its Jobs and Prosperity Fund.
The province said the scale-up project is directly related to Bombardier’s Global 5000 and Global 6000 aircraft programs—two Toronto-assembled business jets—but added that the expansion is expected to improve MHI Canada’s overall competitiveness as well.
The company plans to complete the project by 2021.