Investment in aerospace manufacturing in Burlington

The Minister of International Development announced that the Federal Economic Development Agency (FedDev) for Southern Ontario will provide a USD 3.1 million investment to support the scale-up and growth of Formula Solutions Inc. (FSI). 

 

FSI is a composite manufacturer which specializes in carbon fibre reinforced plastics for aerospace components. The investment will be used to provide new equipments and an automated production line, in order to produce 10,000 complex aircraft components annually. The investment will also create 70 new jobs.

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