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Province Partnering with Triangle Fluid Controls to Help Create Jobs


Ontario is partnering with Triangle Fluid Controls Ltd. to help invest in new technology and grow its business, creating 10 new jobs and retaining 25 positions in Belleville.

Triangle Fluid Controls manufactures high-performance sealing gaskets and is a leading Canadian distributor for control valves used in industrial equipment and piping systems that handle fluids or gasses.

With support from the Eastern Ontario Development Fund, the company is adding 12,600 square feet to its facility and purchasing new production and laboratory testing equipment. This will enable Triangle Fluid Controls to expand its product range and increase its export business.

Investing in Eastern Ontario businesses is part of our plan to create jobs, grow our economy and help people in their everyday lives.

QUOTES

“Technology is advancing relentlessly across every sector of the economy and it’s imperative that Ontario companies re-invest continually to remain competitive. Our government is working to create the streamlined business climate and growing economy that supports companies to innovate, grow and create jobs.”

— Brad Duguid, Minister of Economic Development and Growth

“Innovative and ambitious companies like Triangle Fluid Controls are creating jobs and exporting Ontario-made technology and know-how around the world. Our government will continue partnering with local businesses to build a stronger, more inclusive economy in eastern Ontario.”

— Lou Rinaldi, MPP for Northumberland—Quinte West

“Today’s announcement signals an exciting new phase of growth and product development for Triangle Fluid Controls. Through a combination of ongoing R&D, precision manufacturing and advanced materials, our Belleville team offers innovative solutions for our customers worldwide whose success depends on the reliable performance of their equipment and piping systems.”

— Mike Shorts, President, Triangle Fluid Controls

QUICK FACTS

  • Ontario is providing a conditional grant of $186,000 from the Eastern Ontario Development Fund towards the project, leveraging an investment of $1,673,705 from Triangle Fluid Controls. The project is scheduled for completion by the end of 2020.
  • Ontario is accepting applications for the Eastern Ontario Development Fund from qualified businesses that are growing and creating jobs. Sectors eligible for the fund include advanced manufacturing, food processing, life sciences, information and communications technology, tourism and cultural industries.
  • Ontario’s five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale up and modernizing regulations for businesses.

ADDITIONAL RESOURCES

 

Daniel Bitonti, Minister’s Office, 416-325-7569

Jessica Hume, Communications Branch, 416-325-2479

ontario.ca/economy-news

Disponible en français

 

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