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Alberta manufacturer hitches wagon to Ontario market |
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 A major supplier of conveyor systems to the mining industry is making a major investment to establish a manufacturing facility in Wallaceburg, ON.
In fact, not only is Precismeca Ltd. investing close to $3 million to
set up a new facility in Wallaceburg, but the firm is also relocating
to Ontario from Alberta. When the new facility opens later this year,
it will create approximately 64 new jobs.
“Our growth plans depend on attracting and retaining skilled
workers and made relocating to Ontario a sound business decision. We
are grateful for the support we have received from the province and are
excited to becoming part of the Wallaceburg community and economy,”
said Joe Hartney, president and chief executive officer, Precismeca Ltd.
The company’s $3 million investment includes a $894,000 loan from
Ontario’s Advanced Manufacturing Investment Strategy (AMIS). The
provincial funding will be used towards the purchase of
state-of-the-art equipment and design software, giving the company a
competitive advantage in the marketplace.
“We’re happy to welcome Precismeca to Ontario. International
business decision-makers continue to choose Ontario because our focus
on advanced technology, our highly skilled and educated workforce, and
our competitive business costs make us a premier investment
destination,” Sandra Pupatello, Ontario’s minister of Economic
Development and Trade, said in making the announcement.
Precismeca supplies standard and customized conveyor systems for
mining companies across Canada, the United States and South America.
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