PETERBOROUGH-A local supplier of steel, aluminum and brass is receiving funds from the federal government for an expansion.
The funding was part of an announcement by Emma Harrison, Member of Parliament for Peterborough of an investment of nearly $6.6 million for 10 Eastern Ontario organizations.
The investments are meant to help recipients adopt new technologies, increase production, strengthen supply chains and diversify into new markets according to the government.
As part of this announcement, Kawartha Metals Corp., a large supplier of steel, aluminum, brass, and plastic materials in Central and Eastern Ontario, is undertaking a $1 million project, with FedDev Ontario providing $500,000 to expand its advanced steel processing through the integration of specialized equipment.
“This Kawartha Metals Corp. project, supported by FedDev Ontario, is key to reducing our production costs. In turn, it helps our manufacturing customers strengthen their operations, improve cost-effectiveness, and compete more successfully on the global stage.” said Tom Elliott, Founder and Owner, Kawartha Metals Corp.
Kawartha Metals Corp bills itself as Central and Eastern Ontario’s largest supplier of steel, aluminum, brass, and plastics material with over 5,000 different grades.
The Government of Canada is committed to supporting Canadian businesses and strengthening competitiveness, economic resilience and long-term prosperity across the country.
“The City and County of Peterborough are home to innovative businesses and organizations that play an important role in strengthening our regional economy and supporting vibrant communities. These investments will drive growth, foster innovation and support a strong future across our community.” said Emma Harrison, Member of Parliament for Peterborough.
