February 19, 2020 - Musquodoboit Harbour, NS - Atlantic Canada Opportunities Agency
Technology is forever changing the manufacturing sector around the world. Atlantic Canadian companies like Techtronics Machine Works are at the forefront of embracing updated technology to stay competitive and meet industry standards, thereby creating a positive impact on the regional economy.
Techtronics Machine Works, which was established in 1999, is a precision machine shop that works with a broad range of specialized materials to manufacture custom products for its clients using automated machining equipment. The company manufactures components for industry sectors such as ocean technology, military, and medical services. It currently employs 25 full-time workers at its facility just outside of metro Halifax.
Supporting advanced manufacturing in Atlantic Canada
To keep up with current high demands, Techtronics Machine Works will purchase a state-of-the-art Computer Numerical Control (CNC) machining system to improve productivity and create new business opportunities.
Implementing advanced manufacturing processes helps set Atlantic Canada and companies like Techtronics Machine Works apart from its competitors while helping increase business growth, reach export markets and create more skilled jobs for Nova Scotians.
Federal investments for a sustainable manufacturing sector
Sean Fraser, Parliamentary Secretary to the Minister of Finance and Member of Parliament for Central Nova, today announced a contribution of $90,000 to support Techtronics Machine Works as they acquire this new advanced manufacturing equipment. This investment is provided through the Atlantic Canada Opportunities Agency (ACOA). The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.
Economic growth and the creation of good jobs for Atlantic Canadians require innovation and diversification. Support for this project is one way the Government of Canada is working to help businesses to scale-up, increase productivity and participate in the innovation economy.
Quotes
"Strong regional economies are essential for Canada's success and sustainability. Our regional development agencies are there to help businesses and innovators grow, succeed and create good jobs for Canadians. Our government is making investments that enable communities and businesses in all regions of the country. This will help our vibrant communities big and small reap benefits while showcasing Canada's brand, centred on shared values of diversity and equality."
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA
"Investing in innovative technology helps small- to medium-sized businesses compete in the global marketplace. Our government is proud to support businesses like Techtronics Machine Works to integrate advanced manufacturing equipment into their thriving operations. This investment will support future growth for the company and sustain good jobs in Musquodoboit Harbour."
- Sean Fraser, Parliamentary Secretary to the Minister of Finance and Member of Parliament for Central Nova
"Techtronics is a company that embraces innovation and change. It employs some of the best and brightest machinists to take advantage of current industry innovations for the benefit of its customers."
- Sean MacPhee, President, Techtronics Machine Works
Quick facts
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The manufacturing industry is an important contributor to Canada's economic growth. The industry employs 1.7 million people, making up 10 per cent of the Canadian workforce.
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Advanced manufacturing in Canada is innovative and sustainable. The industry contributes 42 per cent of all private-sector research and development activity.
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The Canadian manufacturing industry makes up 10.5 per cent of Canada's total GDP worth $174 billion.
