Ontario aerospace sector lands in Farnborough - Seeks European investment

Archived Release

Ontario aerospace sector lands in Farnborough - Seeks European investment

FARNBOROUGH, England, July 21 /CNW/ - Ontario Enterprise, Opportunity and Innovation Minister Jim Flaherty and Associate Minister David Turnbull will join a contingent of Ontario aerospace companies tomorrow to seek European investment as Farnborough International 2002 kicks off, from July 22 - July 28.
Farnborough, a leading international air show, represents a prime opportunity for Ontario aerospace firms to reach global markets. Ontario firms will showcase their strengths. Companies in the Ontario contingent include Air Base Property Corporation, of North Bay, Atlantis Systems International, of Brampton, Canadore College, of North Bay, EMS Technologies, of Ottawa, Ensil Canada, of Markham, Interfast Inc., of Rexdale, Luxell Technologies, of Mississauga, Northstar Aerospace (Canada) Inc., of Milton, TDM Technical Services, of Toronto, and Valcom Limited, of Guelph.
"We need to increase awareness of Ontario as a preferred investment location for global aerospace companies," Flaherty said. "It's important that Ontario promote partnerships and direct investment from aerospace companies in the United Kingdom, France and other international markets."
Ontario will have a booth at the air show to support its aerospace industry, which employs more than 28,000 workers, and provide a forum for networking and making business contacts.
"Ontario's aerospace industry is the heartland of integrated systems and equipment capability and it has the most attractive environment for these kinds of globally competitive firms," said Rod Jones, Executive Director, Ontario Aerospace Council.
"This show will help increase the networking opportunities for Ontario's small and medium-sized enterprises in the global aerospace market," Turnbull said. "It will also help promote Ontario-based small and medium-sized enterprises to expand exports, strategic alliances and other business opportunities with foreign companies."
Flaherty will hold meetings in France and Ireland to encourage investment and expand trade opportunities for Ontario firms in the automotive, pharma/biotechnology and aerospace sectors. Turnbull will attend similar meetings in Germany and Switzerland before the start of the air show.

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For more information visit www.ontario-canada.com
For further information: Media contact: Dan Miles, Minister Flaherty's Office, (416) 325-6795; Stephanie Lu, Associate Minister Turnbull's Office, (416) 325-1244