MISSISSAUGA, Ont.—The federal government has given $8 million to Cyclone Manufacturing Inc. to enhance production capacity, expand its services, add 180,000 square feet of manufacturing space and eventually hire up to 135 full time workers.
The money came in the form of a “repayable contribution” from the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario) Investing in Business Growth and Productivity initiative.
Minister of Innovation, Science and Economic Development Navdeep Bains, and Gagan Sikand, Member of Parliament for Mississauga−Streetsville, made the announcement at one of Cyclone’s Mississauga, Ont. facility.
Cyclone, which was named the 2015 Global Reach award winner at the Ontario Export Awards, produces and finishes aircraft parts for the global Original Equipment Manufacturers (OEMs) market.
The federal funding will be used to buy and install new equipment, expand facility space and introduce new advanced production lines to help the company produce and finish specialized aerospace components. FedDev Ontario’s investment will allow the company to produce on a larger scale and enhance its production and finishing technologies and services.
Cyclone Manufacturing Inc. was formed in 1964 as an aircraft parts manufacturing company for the aerospace industry. The company continues to expand by securing new production contracts with clients that include Airbus, Boeing, Bombardier and Embraer. It has four locations in Mississauga and Milton, Ont., totalling 270,000 square feet.