Heico gets $18M federal funding to diversify product mix
Company is investing $50.7 million in three facilities, creating 86 jobs.
MARIEVILLE, Que. — A manufacturer of wire and rod products used in a variety of industry sectors is getting $18 million in federal funding to diversify its product mix.
Heico Canada Holding Co. in Montreal is investing $50.7-million in its Marieville, Que., L’Orignal, Ont. and Ingersoll, Ont. in a project that’s described as diversifying its product mix and supplying the market with more wire and wire rod products, while decreasing its greenhouse gas emissions.
The project is projected to add 86 jobs to its 1,308 workforce at the three facilities.
The federal investment comes through Strategic Innovation Fund.
Heico Canada products are used in Canada’s automotive, energy, agriculture, construction and telecommunications sectors.