BRANTFORD, Ont.—Ontario-based steel fabricator Cambridge Pro Fab Inc. is launching an expansion project to help it grab a larger share of ongoing natural gas and coal retrofit projects in the U.S. energy industry.
The company plans to invest a total of $9.3 million in the project, including a $2.3 million repayable contribution from FedDev Ontario. Over the course of the project CPF will purchase new automated equipment, invest in plant improvements and bring on 30 new workers.
“With this type of investment we are well positioned for new job opportunities and future growth within the region,” said George Figueiredo, the company’s president, adding that the new technology will allow CPF to increase its competitiveness in the face of growing international competition.
Meanwhile, federal government said the expected production increase at the Brantford, Ont. fabricator will allow the company to increase its raw material orders from local suppliers.
The company plans to fully complete the project by 2019.