KAWARTHA LAKES-Cameron Steel is investing over $3 million to purchase a large capacity CNC floor-type boring mill.
“We are investing over $3 million in advanced manufacturing equipment and supporting infrastructure to enable us to increase productivity, production efficiencies and innovation resulting in growth in employment and total revenues, including sales into new markets,” said James Bogar – Owner of Cameron Steel Inc. “We are pleased to have the province’s support on this project with funding from the EODF program.”
Cameron Steel Inc. began operations in Lindsay, Ontario in 1975. The company now has 75,000 square feet of manufacturing area and up to 30 feet under hook at 50 tons capacity for large to small scale, custom machining and metal fabrication.
The Ontario government is topping up the company’s investment with $436,853 in funding through the Regional Development Program’s Eastern Ontario Development Fund.
Laurie Scott, Member of Provincial Parliament for Haliburton-Kawartha Lakes-Brock, stopped by Cameron Steel Inc. to tour the facility and share the good news of this investment.
“Our government is building Ontario and strengthening the economy by supporting key investments in small communities like Lindsay,” said MPP Laurie Scott Haliburton-Kawartha Lakes-Brock. “This investment by Cameron Steel Inc. will grow local manufacturing and create better-paying jobs for workers and families in Lindsay and the surrounding area.”
Cameron Steel Inc. is continuing to build on its success story as a second-generation family-owned business. By working alongside local high schools, offering apprenticeships, and co-op opportunities, Cameron Steel Inc. is helping to train, educate, and show young people the benefits of the skilled trades.
The total investment is $3,559,200.
