Northern Cables Increases Productivity and Competitiveness
McGuinty Government Supports Business Growth, Creates Jobs
Ontario is helping an eastern Ontario company to modernize operations, expand its product line, and create jobs.
Fast-growing Northern Cables Inc. is investing in new equipment and technology that will allow the expansion of its industrial product line. The investment will also allow the company to expand its Brockville building space by 30,000 square feet and create 20 new full-time jobs. The province is contributing $1.5 million towards the project, through the Eastern Ontario Development Fund (EODF).
The project will help the company reduce its reliance on foreign suppliers for raw materials and significantly improve its competitive position in North America. The construction and product expansion will benefit a number of businesses in the area, from building contractors to machine shops.
Partnering with business is a key component of the Ontario government's five-point economic plan to grow the economy.
- Northern Cables Inc. manufactures armoured cables and employs 105 people at its two locations in Brockville and Prescott. Armoured cable is an electrical cable made with a layer of aluminium or steel wire armour to provide protection for the conductor and insulating layers.
- To date, the Eastern Ontario Development Fund has committed over $16.4 million to 38 announced projects representing a total project investment of $107.5 million and the creation of 463 new jobs.
“Ontario is committed to business growth and job creation. Companies like Northern Cables Inc. prove to be solid partners in the development of regional economies and the prosperity of our province.”
“Having the Ontario government come alongside us confirms that we are doing the right thing in maintaining our high quality tradition and expanding our operations.”