FedDev Ontario invests over $4.2 million for Dishon Limited to expand operations, adopt advanced technology and create 50 jobs
December 9, 2022 - Vaughan, Ontario
The aerospace sector is an important pillar of the economy and a driver of innovation in Canada. It is one of the most research-intensive and export-focused manufacturing industries, employing thousands of highly qualified people in every region across the country. In southern Ontario, manufacturers play an integral part in the global supply chain, with products on virtually every passenger aircraft in the world.
Today, on behalf of the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Francesco Sorbara, Member of Parliament for Vaughan-Woodbridge, announced over $4.2 million, through the Aerospace Regional and Recovery Initiative (ARRI), for Dishon Limited.
Operating out of two facilities in Vaughan, Ontario, Dishon Limited produces components for parts used in the aerospace sector, such as landing gear, engines and fluid systems. Through this investment, the company will employ new manufacturing equipment, allowing for the commercialization of up to 200 new parts. This will help them expand into new markets like space and electrical aviation. The project is expected to increase revenue by up to $18 million and create 50 new jobs in Vaughan.
The Government of Canada is committed to supporting southern Ontario's aerospace sector by providing businesses and organizations the support they need to grow, create and maintain jobs, and contribute to a strong recovery and future economic growth in a more environmentally sustainable and inclusive way.
