November 19, 2024

Press Room 6

Source:

ABC

Siltech Corporation expansion will create good-paying jobs in Fort Erie

TORONTO, Ontario, December 4, 2023 – Invest Ontario today announced its support for Kainos, a leading digital technology solutions provider, as the company embarks on a substantial expansion of its office in Toronto, Ontario to meet the growing demand for digital transformation across North America.

The UK-headquartered company aims to triple its Toronto headcount from 100 to more than 300 employees over the next three years with a new office space, further cementing the Toronto office’s role as a core hub of Kainos’ business in North America.

This strategic move reaffirms the strengths of Ontario’s thriving tech ecosystem and the opportunities it presents to technology companies worldwide, as industries seek to futureproof their operations with digital technologies ranging from artificial intelligence (AI), automation, cloud, Internet of Things (IoT), to cybersecurity.

As we continue to grow the manufacturing sector in our province, we're thrilled to see Ontario companies like Siltech invest in their expansion. We're creating the conditions for lonf-term economic growth that will create more good jobs and opportunities for workers and businesses across the province. Congratulations Siltech, on this exciting project and thank you for choosing Ontario and contributing to our province's dynamic and growing manufactoring sector.
Vic Fedeli
Minister of Economic Development, Job Creation and Trade

SILTECH CORPORATION

Siltech Corporation's $100 million investment will be used to build a new 210,000 square-foot state-of-the-art manufacturing facility in Fort Erie — the company's third facility in the province. The facility will include new state-of-the-art technology to increase production and help the company meet growing demand and expand to new markets around the world. As part of this investment to expand operation the government is providing $5 million in funding through the Regional Development Program's Southwestern Ontario Development Fund.

Ontario is investing $140 million through its Regional Development Program to support distinct regional priorities and challenges. To date, Ontario has provided more than $95 million to support 88 projects through the program, leveraging more thn $990 million in new investments and helping to create close to 2000 jobs in the province.

Siltech is excited to be building in Fort Erie. We are a proud Canadian company and look forward to many years of growth in this community.
Dag Enhorning
PRESIDENT OF SILTECH

Notable quotes

"Congratulations to Siltech Corporation on this exciting project and for recognizing the immense potential that Fort Erie offers to businesses. On behalf of Town Council, I extend our gratitude for their commitment to the continued economic growth of Fort Erie, Niagara, and Ontario. This remarkable $100 million investment here in Fort Erie, with the support of the Province, Region, and municipality, will create much-needed employment opportunities and is a testament to Siltech's unwavering confidence in our vibrant community. By choosing Fort Erie, Siltech becomes an integral part of our thriving manufacturing landscape, paving the way for further growth and prosperity. This investment sets a shining example for others and reiforces the bright future that lies ahead for our community."
Wayne H. Redekop
MAYOR OF THE TOWN OF FORT ERIE

"Our government is building a strong Niagara and strengthening our local economy by supporting key investments in communities like Fort Erie. The local strategic investment by Siltech Corporation will grow manufacturing and create more good-paying jobs for workers and families right accross Niagara."
Sam Oosterhoff
MAYOR NIAGARA WEST

"Siltech is a highly valued and welcome addition to Fort Erie's established and diversified manufacturing sector. We would like to graciously thank Siltech for their investment and commitment to the Fort Erie community."
Caralee Grummett
MANAGER OF ECONOMIC DEVELOPMENT AND TOURISM SERVICES, TOWN OF FORT ERIE

Faits en bref

FACT

The government launched the Regional Develoment Program for Easterna and Southwestern Ontario in November 2019. Businesses and municipalieties can get financial support and guided access to a range of complementary services and supports.

FACT

In 2022 the government launched the Advanced Manufacturing and Innovation Competitiveness stream of the Regional Development Program. It supports Ontario advanced manufacturers to invest in in the equipment, advanced technologies and and the skilled workforce needed to improve competitiveness and growth and to create and retain jobs accross th province. The next round of applications for the stream opens on July 20, 2023.

FACT