Firan Technology Group Corporation Receives Over $7M to Improve Canada’s Aerospace Industry
Source：theoac.ca
From：Taiwan Trade Center, Toronto
Update Time：2022/09/09
A Southern Ontario Aerospace company called Firan Technology Group (FTG) received funding from the Canadian government to improve Canada’s Aerospace industry. The investment was made by FedDev Ontario, an economic development agency, via the Aerospace Regional Recovery Initiative (ARRI).
Aerospace is one of the most research-intensive and export-focused manufacturing industries, employing thousands of highly qualified people across the country. In the announcement, Helena Jaczek, Minister of Federal Economic Development Agency for Southern Ontario said “ Small- and medium-sized aerospace businesses have an important role to play in southern Ontario’s economic recovery, which is why the Government of Canada is committed to supporting these businesses and protecting the thousands of workers this sector employs. Businesses like Firan Technologies Group Corporation are helping strengthen our region’s economy, while ensuring the industry remains competitive and creating good jobs locally.”
This ARRI initiative allotted over $7 million dollars for Firan Technology Group to help establish Canada as a leader on the global stage for the aerospace industry by focusing on creating and retaining well-paying jobs and developing clean technology that will improve the sustainability of this large industry.
“Today’s investment in Firan Technology Group Corporation is great news for the local aerospace sector in Scarborough. Not only is the company greening operations to reduce its environmental footprint, it is also supporting nearly 300 local jobs and setting the groundwork to ensure it remains competitive for years to come.” -Shaun Chen, Member of Parliament for Scarborough North
Firan Technology Group (FTG) is based out of Scarborough, Ontario, and offers deliverables such as aerospace design, product development, prototypes, and manufacturing solutions for aerospace and defense electronics. Their ARRI investment will be used to acquire automation equipment that will help with output efficiencies to reduce the environmental impact of production, notably the amount of water and other energy needed to produce products and systems. Moreover, FTG plans to use the funding to create and maintain nearly 300 jobs in the southern Ontario region, which will help stimulate the local economy.
“FTG has a proven track record of growth resulting from investments in people, processes and tools. The pandemic made for challenging times in the aerospace sector, but the recovery has started. With the help of the ARRI funding, FTG will accelerate its investment in its Canadian businesses to get back on a strong growth trajectory to the benefit of all stakeholders including customers, employees, suppliers and the Canadian economy.” -Brad Bourne, President and CEO, Firan Technology Group Corporation
Aerospace is a key component of Ontario’s advanced manufacturing sector. It directly employs more than 21,500 people across more than 200 companies, and an additional 17,200 indirectly. Ontario’s aerospace industry is the second largest in Canada, representing close to a quarter of all Canadian activity. The province is home to a globally renowned landing-gear cluster, as well as a world leader in assembling and modifying aircraft, and in producing avionics, aerostructures, MRO, aircraft engines, comprehensive unmanned aerial systems, as well as space systems and satellites.
Source: https://theoac.ca/news/611056/7-Million-Investment-for-Firan-Technology-Group.htm