Ontario is partnering with Trade Tech Industries on an expansion that is creating 10 new jobs and retaining 33 positions in Port Hope.
Lou Rinaldi, MPP for Northumberland-Quinte West, made the announcement today on behalf of Jeff Leal, Minister Responsible for Small Business.
Trade Tech Industries custom designs and manufactures structural steel, aluminum and stainless steel products for the construction industry. The company services commercial, private and municipal customers.
With support from the Eastern Ontario Development Fund, the company, which currently operates a single line for both steel and aluminum manufacturing, will invest in a new production line and equipment for aluminum fabrication. These enhancements will help Trade Tech increase productivity, expand its product line and enhance its global competitiveness, as it works towards its goal of entering the U.S. market.
Investing in eastern Ontario businesses is part of Ontario’s plan to create fairness and opportunity during this period of rapid economic change. The plan includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25 through the biggest expansion of medicare in a generation.
“Our government is partnering with Trade Tech Industries to foster new economic opportunities and grow the manufacturing sector in eastern Ontario. Supporting innovative small businesses like Trade Tech is a priority for our government, helping companies scale up, boost their competitiveness and create good jobs in communities like Port Hope.”
— Jeff Leal, Minister Responsible for Small Business
“Trade Tech Industries is a valued member of the eastern Ontario business economy, and I am delighted that the company decided to expand its business right here in Port Hope. This is great news for families in the community, and I look forward to seeing the positive impact this project will bring to the local economy.”
— Lou Rinaldi, MPP for Northumberland-Quinte West
“We are pleased to partner with the Ontario government as we continue to expand our business and look for ways to increase our footprint in the manufacturing sector. With this investment, we will be able to expand, stay competitive, invest in new technologies and take advantage of new markets.”
— Walter Hillman, President, Trade Tech Industries Inc.
Find out if your business qualifies for the Eastern Ontario Development Fund
Blair Ostrom, Minister’s Office, 416-314-1431
Sofia Sousa-Dias, Communications Branch, 416-272-4554
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