PETERBOROUGH, Ont.—The Canadian division of General Electric Co. (GE) is teaming up with Export Development Canada (EDC) again, this time in an effort to bring more Canadian firms into GE’s supply chain.
General Electric Canada Inc. and the federal export credit agency announced they are working together to add Canadian companies to the supply chain of two of GE’s Canadian divisions: GE Power Conversion and GE Hitachi Nuclear Canada, both based in Peteroborough, Ont.
“GE in Peterborough is always looking to draw on the best Canadian capabilities to enhance its competitiveness in global markets,” Bradley Smith, vice-president of regional programs with GE Canada, said in a statement.
“By working with EDC to strengthen global supply chains, we are able to forge new relationships and explore opportunities to work together and win more business right here at home.”
EDC provides financing to GE Canada based on its Canadian footprint and the amount of exporting featured in its business model.
“The supply chains of global companies like GE are critical to Canada’s exporting story, pulling along Canadian companies into global markets and helping them grow,” Norm Low, acting senior vice-president of business development at EDC, said.
“An important part of EDC’s job is to identify the right Canadian companies for the right supply chains and help create opportunities for them to meet and get to know each other.”
The two sides first teamed up on a similar initiative in February, when they launched a program at GE Aviation in Bromont, Que., to identify Canadian suppliers in the aerospace industry.
To find out more about this and other programs, log on to the EDC website.