Ontario Supports Aerospace Industry
The New Ontario Government Helping Create 50 Jobs in Mississauga
The new Ontario government is helping Sumitomo Precision Products create 50 jobs at its new production facility for aerospace landing gear in Mississauga.
The company will undertake final assembly for aircraft landing gear and landing gear control systems. The Mississauga facility will become the Japanese company's global headquarters for its aerospace division. Sumitomo already sources about a third of its landing gear components from Ontario suppliers, and this will grow with the new facility.
The new Ontario government is working to build a stronger province by creating good jobs, a strong, vibrant economy and a fair society.
- Ontario is providing a $3.25 million loan in support of the final assembly project, which has a total value of $10 million; this is part of an overall investment by Sumitomo of over $50 million in its new Mississauga facility.
- Ontario’s aerospace industry employs approximately 22,000 people and manufactures about 60 per cent of the world’s large commercial landing gear and about 40 per cent of all commercial landing gear.
- Since October 2003, Ontario employment has increased by 589,800 net jobs, 66.6 per cent of which were full-time.
- Ontario has cut taxes on business investment in half, making the province more competitive and encouraging new business growth.
“With support from our government, Sumitomo’s investment will further strengthen our province’s aerospace sector and create direct and spin-off jobs right here in Ontario. The new Ontario government will continue our proactive approach to attracting investment that creates jobs and strengthens our economy.”
Dr. Eric Hoskins
“Western Mississauga and its Lisgar, Meadowvale, and Streetsville neighbourhoods welcome more aerospace investment. We are a community that can earn high-value jobs and tomorrow’s companies because we have a hard-working, high-skills workforce. Sumitomo is in good company, and we welcome them.”
“Our new Mississauga facility is ideally located at the heart of Ontario’s concentration of landing gear expertise. From this base, Sumitomo looks forward to offering an expanded suite of products and services to our North American aerospace customers.”