Government of Canada investment supports Formula Solutions Inc. to commercialize its innovative jet engine component manufacturing process
With skilled talent, proximity to critical economic hubs and established industry and academic leaders, Burlington has emerged as a prominent hub for advanced manufacturing, specifically in the aerospace industry. The Government of Canada is committed to supporting our local manufacturing industries as they adopt new processes and develop made-in-Canada products to strengthen their position in global supply chains and create good jobs for Canadians.
Today, on behalf of the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Pam Damoff, Parliamentary Secretary to the Minister of Foreign Affairs (Consular Affairs) and Member of Parliament for Oakville North-Burlington, visited Formula Solutions Inc. (FSI), a globally recognized aerospace composite material manufacturer that is developing and building technologies for the aerospace sector.
While there, PS Damoff met with employees and celebrated how FedDev Ontario's $1.7-million investment helped the company accelerate the commercialization of its innovative jet engine component manufacturing process. As a result, FSI has been able to increase the production of quality, cost-effective, and environmentally friendly jet engine parts for high-volume commercial aircraft and continues to be an important global player in the aerospace industry supply chain.
The Government of Canada is committed to supporting opportunities for all Canadians by providing the tools they need to scale up and seize new opportunities, contribute to opportunities in our most critical sectors, and grow our economy.
